Get started

Bikajifoods

BIKAJI - Ichimoku Breakout📈 Stock Name - Bikaji Foods International Ltd 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 920. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #largecap #BIKAJI
NSE:BIKAJILong
by nikunjbhadja
BIKAJI FOODSBikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range, and cookies. Annual Revenue rose 18.98%, in the last year to ₹2,356.66 Cr. Its sector's average revenue growth for the last fiscal year was 3.7%. Quarterly Revenue rose 32.92% YoY to ₹625.95 Cr. Its sector's average revenue growth YoY for the quarter was 3.85%. Annual Net Profit rose 106.7% in the last year to ₹265.7 Cr. Its sector's average net profit growth for the last fiscal year was 13.57%. Quarterly Net profit rose 208.22% YoY to ₹116.24 Cr. Its sector's average net profit growth YoY for the quarter was 6%. Stock Price rose 55.48% and outperformed its sector by 44% in the past year. PE Ratio is 55.96, lower than its sector PE ratio of 57.49. Debt to Equity Ratio of 0.1 is less than 1 and healthy. Return on Equity(ROE) for the last financial year was 21.8%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit. Interest Coverage Ratio is 39.37, higher than 1.5. This means that it is able to meet its interest payments comfortably with its EBIT. Promoter Pledges are zero. Negative Mutual Fund Holding decreased by 0.27% in the last quarter to 9.7. Promoter Share Holding decreased by 0.08% in the most recent quarter to 75.1%.
NSE:BIKAJILong
by CannySunny
BIKAJI - Ichimoku BreakoutStock Name - Bikaji Foods International Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 553 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:BIKAJILong
by nikunjbhadja
Q&A_ Why Bikaji foods IPO was a flop?Namaste! Bikaji Foods and Haldiram's control 50% of the organized namkeen market in India. The people, mostly retail would have thought this would be a blockbuster IPO considering whopping 80.63 times by QIBs (Qualified Institutional Buyers). Generally this kind of oversubscription leads to very good listing gains, but this time it didn't happened. The reasons according to me are following:- 1. It doesn't have a value at this price: Sure, it is (along with Haldiram's) are market leaders in "organised" market, but what about unorganised market? These include the local samosewala, chai ki tapri, Gujrati and Rajasthani folks, etc selling namkeen and related products. It's face value is Rs 1. It looks like they had split shares 1:10 before the IPO. 2. It's EPS has fallen aggressively due to split: It's EPS (Earning Per Share) is Rs 3.2. If you put this value to Sir Benjamin Graham's formulae, you would get IV (Intrinsic Value) as Rs 112 if YoY growth is expected as 20% and 10 year yields as 6.1%. The IPO price was Rs 300, I don't have to explain further. *Fun-fact*: There are different methods to value a company, I prefer Sir Ben Graham's formulae because it seems very logical to me. Their method will not apply for loss making companies. Such companies have to be evaluated based on Comparative company analysis, Sales increase/growth analysis, discounted cash flow analysis, etc. 3. What should retail people do? A: Gather knowledge. Learn to value a company or IPO. Give some time to understand it. The more you learn, the more you earn (ofourse sometimes by investing in IPOs :) Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Please do your own analysis and/or consult your financial advisor before investing and/or trading.
NSE:BIKAJILong
by UnknownUnicorn7637383
1
BIKAJI FOODS INTERNATIONAL : SHORTUnited States Based FMCG Company , listed in Nov 2022 is Still waiting for price correction. The subscription stock value which was Rs. 285 jumped to 450 within 3 days and since then there is continuous fight for Price correction. We can see the triangle pattern on the chart where the price was getting continuous rejection from resistance level @ 448.20 , However , the buyers were aggressively not letting the the price below pervious swing. However it seems that the stock has just broken the trend line and price correction may occur any time with break down@ 373.35. Good stock for Intraday Selling Trade in Bearish Market. The indicators are as under CMP : 373.35 MA50 : 392.44 MA200 : 355.02 RSI (14): 39.606 ADX(14) : 53.77 ( High Directional Strength ) ATR (14) :10.58 ( Less Volatile ) MACD ( 12,26) : -5.99 Although , we can not ignore the case of Break Out from this range, but I would prefer to with Shorting as the Stock is over priced and need their first price correction. Hence the probability of Break down is much higher than that of break out. Do Not forget to Boost if you like this post.
NSE:BIKAJIShort
by chakraveer1104
BIKAJI - Ichimoku Bullish Breakout Stock Name - Bikaji Foods International Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 447 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:BIKAJILong
by nikunjbhadja