TEXRAIL - Doubler in making? NSE:TEXRAIL
Texmaco Rail & Engineering Limited is engaged in the business of manufacturing of rolling stock, hydro mechanical equipment, steel castings, agricultural and other equipment.
TTM EPS: 1.10
TTM PE: 51.27
Sector PE: 27.99
Book Value Per Share: 40.50
P/B: 1.40
Face Value: 1
Mkt Cap (Rs. Cr.): 1,815
Dividend Yield: 0.18
Some Positives:
High Piotroski Score - Companies with strong financials
Strong Annual EPS Growth
New 52 Week High
Bullish Engulfing Pattern (Bullish Reversal)
Increasing Revenue every quarter for the past 2 quarters
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Red Flag: High Interest Payments Compared to Earnings
Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining profits every quarter for the past 3 quarters
Declining Net Cash Flow : Companies not able to generate net cash
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
My Opinion: I think the stock can hit 77 from here in next few days. In next 1-2 years it can give good returns.
NOT A RECOMMENDATION. JUST FOR EDUCATION.
BSE
Double TopA double top is a bearish technical reversal pattern.
It is not as easy to spot as one would think because there needs to be a confirmation with a break below support.
While a double top is a bearish signal, a double bottom is a bearish signal.
Top tops usually have an upswing, initial peak, trough, second peak, and neckline.
Investors can short trade after the break or place small trades, as double tops may have limited profit potential.
Script = BSE
Time Frame = 1 Day
ELECTCAST : Electrosteel Castings LtdElectrosteel Castings Ltd
CMP : 60.60
1) Stock has broken out above crucial resistance zone and multi year highs
2) Price is consolidating since the last two months between the range of 55 to 65
3) A move above 65 - should generate strong momentum in share prices towards 95 and 105 levels
4) Overall long term structure is very pullish and stock should find support on pull-back between 59 to 61 zone
5) Weakness would extend its phase only below 53
Interesting Set-Up
TIMETECHNO - A good buying opportunityNSE:TIMETECHNO
Time Technoplast Limited is engaged in manufacturing plastics products.
TTM EPS: 8.17
TTM PE: 8.54
Sector PE: 13.70
Book Value Per Share: 86.07
P/B: 0.82
Face Value: 1
Mkt Cap (Rs. Cr): 1,577
Dividend Yield: 1.00
Some Positives:
Company with high TTM EPS Growth
Current price is less than the intrinsic value
Pledged promoter holdings is insignificant
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Increasing Revenue every quarter for the past 2 quarters
Increasing profits every quarter for the past 2 quarters
Book Value per share Improving for last 2 years
Companies with rising net profit margins - quarterly as well as TTM basis
Some Negatives:
MFs decreased their shareholding last quarter
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Inefficient use of shareholder funds - ROE declining in the last 2 years
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Declining Net Cash Flow : Companies not able to generate net cash
Annual net profit declining for last 2 years
My Opinion: My opinion is clearly visible on chart :)
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
ITC - A viewpoint NSE:ITC
ITC Limited is a holding company engaged in the marketing of fast moving consumer goods (FMGC). The Company operates through four segments: FMCG; Hotels; Paperboards, Paper and Packaging; and Agri Business.
TTM EPS: 12.01
TTM PE: 21.40
Sector PE: 23.75
Book Value Per Share: 47.87
P/B: 5.37
Face Value: 1
Mkt Cap (Rs. Cr.): 316,769
Dividend Yield: 4.18
Some Positives:
Company with Low Debt
Increasing Revenue every quarter for the past 2 quarters
Increasing profits every quarter for the past 2 quarters
Near 52 Week High
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: When the stock is in any uptrend, it forms base in stages. One should wait for a new base to form. 265 is an important resistance.
Can ITC cross 310 and go even higher? Absolutely yes. When? You never know.
NOT A RECOMMENDATION. ONLY FOR EDUCATION PURPOSE. Thanks.
Nifty FMCG OutlookSomeone recently left a comment on my post saying Nifty FMCG is bearish.
Let me tell you the reasons why Nifty FMCG is Bullish and no way bearish.
Here are the reasons :
1) Weekly Timeframe is bullish
2) Daily Timeframe has test it's recent demand zone and also has created bullish price action reacting to the demand zone.
Pro Tip : Always look for higher timeframe bias and structure of the market and not alone candlestick patterns
So, Nifty FMCG is bullish.
GENUS POWER - GETTING GENIE POWER?Genus power has been setting up a solid setup wherein the stock has given breakout in April 2022 after almost 14 years and since then consolidated for over 1 year to form base. Now at cmp this has started getting fuel to run further.
Targets of 145-160 are unfolding in it.