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Bajajconsumer

Bajaj Consumer_20% Profit PotentialDate: 03 Feb 2021 Time: 01.25 PM (IST) Bajaj Consumer (CMP: 238.25) Stock has made a good base at 200 levels. From rising Wedge pattern stock has formed into a Megaphone pattern. The RSI is finding support at 40 levels from along time. Today company declared good quarterly results. At this backdrop the stock appears to give 20% profit from current levels go till 285 by end of March 2021. Target: T1-250, T2-265, T3-280 No need to keep SL. Just go long on the stock.
NSE:BAJAJCONLong
by Mayur_Undale
Bajaj Consumer carePROS:- 1.Company has reduced debt. 2.Company is almost debt free. 3.Company has a good return on equity (ROE) track record: 3 Years ROE 40.41% 4.Company has been maintaining a healthy dividend payout of 64.34% ------------------------------x------------x------------------------ Cons:- 1.The company has delivered a poor growth of 0.84% over past five years. 2.Promoter holding has decreased over last 3 years: -28.82% Looking at the pros and i feel like company has to go long way but at present the company has been delivering poor growth This is one company which can be bought for a long term and surely the returns will be great. As my portfolio includes only trading stocks and not any long term i am expecting a 20% to 25% of return on the stock for couple of month, lets see hope fo the best If this stock crosses 232 i will be adding it to my portfolio, else look for a better opportunity. Lets see and hope for the best.
NSE:BAJAJCONLong
by KSR010