Best Stocks for swing tradingPolycab has 25 manufacturing facilities at seven locations. 4 of the 25 facilities manufacture FMEG products. Comprehensive backward integration remains a key priority for the company.
Polycab is a manufacturer of wires and cables in India with a market share of over 18%.
It has a network of 3500+ dealers and distributors and a reach over 125,000 retail outlets.
PROS:
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 30.8% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 17.9%
Debtor days have improved from 52.6 to 38.8 days.
Finally My view as technical analyst :
This stock is technically ready to move upside volumes are high.
As a swing trader and momentum trader we may go long.
Note: This is only for education purpose. Not for buy and sell.
I am not SEBI registered.
