Shyam Metallics - Short term DARVAS technical trade
Shyam Metallics - Short term technical trade
Fundamentals
MCAP- 22500 Cr
PE - 20.48 = Industry PE of 20.51
PEG Ratio is 1.84
Debt to Equity is 0.06 and ICR is 9
ROE is 12%, ROCE is 10% ( 5yr ROCE is 21%)
Sales growth is 5%, 5yr Sales growth is 23%
Profit Growth is 74%, 5yr Profit growth is 11%
Promoter holding is 75%
Latest results - Excellent
Technicals
CMP - 808
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70
Commentary
Based on the Darvas box method, I expect Shyam Metaalics to continue trading up.
With CMP 808, it has breached its own all time high and I expect the trend to continue. The below targets are to ride this wave and catch as much upside as possible with little downside risk.
Target : 950-960
Stop Loss : 716 (If already invested) , more conservative stop loss would be 2-3% below CMP
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Fundamentals
MCAP- 22500 Cr
PE - 20.48 = Industry PE of 20.51
PEG Ratio is 1.84
Debt to Equity is 0.06 and ICR is 9
ROE is 12%, ROCE is 10% ( 5yr ROCE is 21%)
Sales growth is 5%, 5yr Sales growth is 23%
Profit Growth is 74%, 5yr Profit growth is 11%
Promoter holding is 75%
Latest results - Excellent
Technicals
CMP - 808
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70
Commentary
Based on the Darvas box method, I expect Shyam Metaalics to continue trading up.
With CMP 808, it has breached its own all time high and I expect the trend to continue. The below targets are to ride this wave and catch as much upside as possible with little downside risk.
Target : 950-960
Stop Loss : 716 (If already invested) , more conservative stop loss would be 2-3% below CMP
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Disclaimer
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