High volume breakout in NSE:SPECIALITY. This counter is a buy at current levels with a stop at or below Rs.106. Results are due on February 10.
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Sep'21 results were great with sales increasing by 214% and profit increasing by 115%.
Other fundamentals: - 1. The company owns and operates many brands include Mainland China, Asia Kitchen, Oh! Calcutta, Sigree, Sweet Bengal, Hoppipola, etc. Its flagship brand, Mainland China, focuses on serving chinese cuisine with contrasting flavors and spices. The company has succeeded in retaining high brand recall over the years for Mainland China and has won many awards for the same. Some of its new brands include Riyasat, Episode One, UDP HAY & BARrish.
2. Presently, the company owns and operates 140 stores:- Mainland China - 45 Oh! Calcutta - 9 Sigree & Sigree Global - 14 Haka - 6 Hoppipola - 14 Sweet Bengal - 28 Others - 24
3. Promoters increased their stake from 51% to 52.5% in Sep'21.
4. With TTM sales increasing and TTM loss decreasing, it may be a turnaround story.
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Started moving up. Can be bought again with new stop loss at Rs. 110.
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Becoming very strong with high volumes.
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though there is selling pressure, it's still fighting hard, shouldn't be sold in panic.
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Going from strength to strength
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Another great move by Speciality, buy given on 4th Feb.