the stock is in a highly oversold region and having a breakout from the trading range.
Next resistance ₹85, STOP: ₹70
Triveni is a sugar' stock but the fundamentals are not like that, it is having a huge debt burden.
The current performance is somewhat in an acceptable range with sales & profit growth.
Rated two stars out of Five
Market Cap.: ₹1,884.29 Cr .
Book Value: ₹23.38
Debt/equity 2.58 (Huge burden)
Stock P/E: 5.98
Dividend Yield: 0.00%
Face Value: ₹1.00
52 Week High/Low: ₹ 99.90 / ₹ 46.90
Return on capital employed: 3.49%
Number of equity shares: 25.79cr
Expected quarterly EPS: ₹4.84 is a good sign.
Thank you all
Yet another opportunity in triveni for a 30 to 40 % gain, Here again 85 price level will have resistance. stock can go to 100 and above. keep a strict stop at 73.
it is quiet normal that few investors get confused with analysts and to take decisions. Doesn't matter. please read it again and notice few more points.
it is a sugar stock, and sugar industry overall is having a seasonal movement, also not performing well every time ,the post is added few more negatives like
HUGE DEBT burden in the company with poor fundamentals. And finally it is promising a 12% gain in short term. its technical also depicted very clearly.but
if you are asking for a testimony go back in to my previous posts and see that, like any other analyst ,I also have a fifty fity chance of success in predicting the things :D
Even after reading all that,if one is not able to take decision, then no one can help it & all those write up is futile.
it will be really a difficult situation, if every investor is seeking for a confirmation like this.
Before taking a decision for any investment we must ask few question to ourselves that , why we are investing in this scrip / or any other stock .
1) Do we expect a good movement in this stocks or industry?
2) what is our investment period?
3) what amount we are going to invest in this stock?
4) what return we are expecting?
5) what is the risk we are going to face?
If all the risk, reward, period, amount, industry and the stock etc is satisfactory to you, then go ahead.
Gain or loss, it is your money. Take care.
Make our own analysis is a very good approach in stock market investment.
I was also considering the projected EPS as a good sign.
Caution now: I am doing my best in analyzing the stock. I was expecting it to touch the next possible resistance 85 only .
it was not a big target for a sock like this in a bull market. it couldn't reach that level, but reach to a comparatively minor
resistance 80 below that, as a bounce from the support. That show the weakness of the stock and warn me a impeding fall
in near future. watch the TL break for that.
#1. SAP scrap by UP Govt. under process: While it would be highly positive for all up based sugar scrips, for Triveni it can take the scrip to next level as Management is ready to put fresh investments to increase the capacity/efficiency and the top line/bottom line at the same time. You may note that Triveni is one of the most efficient Sugar Mills in India already, if not the best.
#2. Q1 Results: As already discussed multiple times in this thread fantastic quarterly results are on the cards.
#3. Few Savvy investors are increasing their stake and it is very likely they will continue to do so. Whenever they increase their stake by half percent or so, Triveni will jump by 10% easily. Simple Reason being there are less than 50 million shares are held by short term investors/retailers and can be mopped up by big investors in no time.
Apart from all the above, the best thing is likely to happen to Triveni is that it is going to be debt free in the 6 to 12 months, leaving working capital needs. And also the outstanding orders book in the engineering segment is likely to touch 1K crore this year. And there are many more such points which we can discuss once the scrip crosses 80/85 levels.
Disclosure: Entered @70