1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop
after a consolidation since July 2021, NSE:SATIA has given a breakout today with high volumes. December quarter sales increased by 52%, quarter profit growth increased by 686%, TTM sales increased by 29% and TTM profit growth was at 105%. It's a buy with a stop just below Rs.108.
Other fundamentals: 1. Text book corporations across the nation accounts for 40% of company's revenues. The remaining revenue comes from public sector & private sector companies. Its key clients include Bal Bharti, Assam Textbook corporation, Indian Railways, Himachal Pradesh board, West Benagal textbook corp etc.
2. The company has a pan-India presence and generates revenues from 15 states. Uttar Pradesh accounts for majority of revenues at 18%, followed by Maharashtra (14%), Delhi (13%), Rajasthan (9%), Punjab (8%) & others. Export contributes ~10% of the revenues. The company has a base of 70 distributors with 3 branch offices across the nation.
3. On 9th Feb 2022 Satia Industries said it has commissioned Paper Machine 4 having an installed capacity of one lakh tonne per annum, with an investment of Rs 500 crore.
4. Average ROE for last 3, 5 and 10 years greater than 15%.
5. Promoter stake increased from 51.68 in Sep'20 to 51.79 in Mar'21.
6. FII stake increased from 0.00 to 0.06 in Dec'21.
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Satia up by almost 5%. Buy call given on 4th April.
Added to watchlist.