Scrip probably has made its bottom and trend is trying to reverse towards upward journey. Risk /Reward ratio is 1:4.6 till previous all time high weekly close and 1:9.7 if it breaks previous all time high weekly close. From current price it has potential to give return of 110% and if it gives break out than 240%.
I have tried to plot probable moves in future based on past price movements. However, price movement is subject to market conditions and any unforeseen events.
Sportking India Limited, a part of the Sportking Group, is a textile manufacturing company engaged in the production of Yarns (Cotton Yarn, Synthetic Yarn, Blended Yarn), fabrics and garments.
The Co. successfully commissioned a 10 MW Rooftop Solar Power Project at the Bathinda Unit for in house consumption. It has installed additional 40800 Spindles (first phase) at Bathinda Unit for production of polyester cotton yarn (Compact) at a cost of Rs. 190 Crs. Phase 2 expansion project of installing 63,072 spindles for manufacturing of cotton compact yarn commenced its commercial production in the Q4 FY23.
Marquee Clientele
The Co.’s customer base includes Zara, H&M, Ikea, Jockey, Marks & Spencer etc.
I kindly request your valuable feedback on the accuracy and validity of my learning and research. Furthermore, I would greatly appreciate any suggestions on areas where I can enhance my skills and knowledge.
DISCLAIMER:
The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip. Consequently, it is within my prerogative to engage in the purchase or sale of said scrip at my discretion, contingent upon prevailing market conditions and the occurrence of specific events.
I am not a registered financial advisor and the information provided by me should not be considered as financial advice. It is highly recommended that you consult with your financial advisor and do your due diligence before making any investment decisions.
Investing in the stock market is subject to market conditions and any unforeseen events. Also involves risk and can result in both profit and loss. You should be aware of the risks involved in investing in the stock market before making any investment decisions.
Please note that any investment decision you make based on the information provided by me is at your own risk, I will not be held responsible for any of your losses or damages, financial or otherwise, resulting from your investment decisions.
I have tried to plot probable moves in future based on past price movements. However, price movement is subject to market conditions and any unforeseen events.
Sportking India Limited, a part of the Sportking Group, is a textile manufacturing company engaged in the production of Yarns (Cotton Yarn, Synthetic Yarn, Blended Yarn), fabrics and garments.
The Co. successfully commissioned a 10 MW Rooftop Solar Power Project at the Bathinda Unit for in house consumption. It has installed additional 40800 Spindles (first phase) at Bathinda Unit for production of polyester cotton yarn (Compact) at a cost of Rs. 190 Crs. Phase 2 expansion project of installing 63,072 spindles for manufacturing of cotton compact yarn commenced its commercial production in the Q4 FY23.
Marquee Clientele
The Co.’s customer base includes Zara, H&M, Ikea, Jockey, Marks & Spencer etc.
I kindly request your valuable feedback on the accuracy and validity of my learning and research. Furthermore, I would greatly appreciate any suggestions on areas where I can enhance my skills and knowledge.
DISCLAIMER:
The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip. Consequently, it is within my prerogative to engage in the purchase or sale of said scrip at my discretion, contingent upon prevailing market conditions and the occurrence of specific events.
I am not a registered financial advisor and the information provided by me should not be considered as financial advice. It is highly recommended that you consult with your financial advisor and do your due diligence before making any investment decisions.
Investing in the stock market is subject to market conditions and any unforeseen events. Also involves risk and can result in both profit and loss. You should be aware of the risks involved in investing in the stock market before making any investment decisions.
Please note that any investment decision you make based on the information provided by me is at your own risk, I will not be held responsible for any of your losses or damages, financial or otherwise, resulting from your investment decisions.