Shree Pushkar Bounce Back
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/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After consolidation since October 21,
SHREEPUSHK gave a break out on 21st March 2022. It corrected to the level of Rs. 272 and gave a bounce back today. It is a buy with a stop below Rs. 270.
Other fundamentals:
1. TTM sales growth of 29% and TTM profit growth of 49%.
2. Promoter stake increased since December 2019 from 65.03 to 67.03.
3. FII stake increased from 0.40 in June 2021 to 1.44 in December 2021.
4. Co. is a leading manufacturer of Reactive Dyes. It launched DYECOL™ range of Reactive Dyes to tackle environmental and sustainability issues of the textile wet processing industry. Its products are certified from “GOTS” and enjoy the privileged status of being a government recognized “Export House”.
5. Its product portfolio consists of 15+ grades of Fertilizers, all of which are distributed through its own distribution and dealership network in the states of Haryana, Punjab, Rajasthan, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Maharashtra, Karnataka, and Goa.
6. Co. manufactures feed grade Di-Calcium Phosphate (DCP) which is manufactured from the waste generated in the manufacturing process of its other divisions.
7. Co. utilizes high-pressure steam from Sulfuric Acid for power generation and internal consumption. In FY21, it also started Electricity generation commissioned for two solar projects of 2.00 MW and 2.60 MW each. It planned CAPEX of 21 crs out of which 13.29 crs has been incurred.
8. The company's Unit V capex is almost complete and a dry trial run has been started in Q2FY22 with commercial production expected to commence in FY22. The planned capex for this facility was 108 crs out of which 99.47 crs was incurred until December 31st, 2021.
9. Post the CAPEX made in the manufacturing facilities and acquisitions of two new companies, the manufacturing capacity of the company is expected to rise substantially.
Product - Current output (FY21) - Expected output (FY22-23E)
Chemicals – 14,260 MTPA – 38,260 MTPA
Fertilizers - 4,02,200 MTPA - 5,90,200 MTPA
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After consolidation since October 21,
SHREEPUSHK gave a break out on 21st March 2022. It corrected to the level of Rs. 272 and gave a bounce back today. It is a buy with a stop below Rs. 270.Other fundamentals:
1. TTM sales growth of 29% and TTM profit growth of 49%.
2. Promoter stake increased since December 2019 from 65.03 to 67.03.
3. FII stake increased from 0.40 in June 2021 to 1.44 in December 2021.
4. Co. is a leading manufacturer of Reactive Dyes. It launched DYECOL™ range of Reactive Dyes to tackle environmental and sustainability issues of the textile wet processing industry. Its products are certified from “GOTS” and enjoy the privileged status of being a government recognized “Export House”.
5. Its product portfolio consists of 15+ grades of Fertilizers, all of which are distributed through its own distribution and dealership network in the states of Haryana, Punjab, Rajasthan, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Maharashtra, Karnataka, and Goa.
6. Co. manufactures feed grade Di-Calcium Phosphate (DCP) which is manufactured from the waste generated in the manufacturing process of its other divisions.
7. Co. utilizes high-pressure steam from Sulfuric Acid for power generation and internal consumption. In FY21, it also started Electricity generation commissioned for two solar projects of 2.00 MW and 2.60 MW each. It planned CAPEX of 21 crs out of which 13.29 crs has been incurred.
8. The company's Unit V capex is almost complete and a dry trial run has been started in Q2FY22 with commercial production expected to commence in FY22. The planned capex for this facility was 108 crs out of which 99.47 crs was incurred until December 31st, 2021.
9. Post the CAPEX made in the manufacturing facilities and acquisitions of two new companies, the manufacturing capacity of the company is expected to rise substantially.
Product - Current output (FY21) - Expected output (FY22-23E)
Chemicals – 14,260 MTPA – 38,260 MTPA
Fertilizers - 4,02,200 MTPA - 5,90,200 MTPA
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