Mindtree LTD About
Mindtree is an international Information Technology consulting and implementation company that delivers business solutions through global software development.
Sector : IT - Software
Industry: Computers - Software - Large
Market Cap ₹ 51,070 Cr.
Current Price₹ 3,089
High / Low ₹ 5,060 / 2,649
Stock P/E 28.7
Book Value ₹ 349
Dividend Yield 1.20 %
ROCE 41.5 %
ROE 33.8 %
Face Value ₹ 10.0
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 31.6% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Company has been maintaining a healthy dividend payout of 32.6%
Company's median sales growth is 17.5% of last 10 years
CONS
Stock is trading at 8.85 times its book value
Fundamental-analysis
Double top pattern in SUNPHARMA.Discription:
Stock Name: SUNPHARMA
Chart Pattern: Double top pattern
Time Frame: 30m
Entry: Reversal From resistance level
Breakdown below -893
Targets: Reversal Target -893
Breakdown Targets -862
Ascending triangle pattern in JUBLFOOD.Discription:
Stock Name: JUBLFOOD
Chart Pattern: Ascending triangle pattern
Time Frame: 15m
Entry: Breakout entry above 610+
Breakout target :- 640+
wedge pattern Breakdown in APOLLOHOSP.Discription:
Stock Name: APOLLOHOP
Chart Pattern: wedge pattern
Time Frame: 1D
Entry: Breakdown below -4250
Targets: Breakdown Targets -3230
Rising wedge pattern breakdown in HEROMOTOCO.Discription:
Stock Name: HEROMOTOCO
Chart Pattern: Rising wedge pattern
Time Frame: 1 D
Entry : Breakdown below 2770-
Targets: Breakdown Target 2200
Buy Bharat wire ropesBuy Bharat Wire Ropes: Consolidation done after breakout and a next bullish candle formed showing stock is ready for the next upward move.
RSI: 59.06 Bulls territory
Consolidation after breakout
Taking support at 20 SMA
Highest delievery volume since 8th Sept
CMP 121.80
SL: 110
Target: 135
Note: company is not doing good fundamentally. NSE:BHARATWIRE
Falling wedge pattern in GRASIM.Discription:
Stock Name: Falling wedge pattern
Chart Pattern: Falling wedge pattern
Time Frame: 1 Hour
Entry: Breakout entry above 1740+
Target ; breakout target above 1800+
Downtrend channel pattern breakout in HINDUNILVR.Discription:
Stock Name: HINDUNILVR
Chart Pattern: Downtrend channel pattern
Time Frame: 1 Hour
Entry: Breakout entry above 2620+
Target : Breakout target 2735+
Bullish flag pattern in LALPATHLABDiscription:
Stock Name: LALPATHLAB
Chart Pattern: Bullish flag pattern
Time Frame: 1D
Entry: Reversal From support level
Breakout above 2525+
Targets: Reversal Target 2525+
Breakout Targets 3165+
Wedge pattern in CINELINE.Discription:
Stock Name: CINELINE
Chart Pattern: Wedge pattern
Time Frame: 1D
Entry: Reversal Support level
Breakout above 156+
Targets: Reversal Target 156
Breakout Targets 224+
Falling wedge pattern in AUROPHARMA.Discription:
Stock Name: AUROPHARMA
Chart Pattern: Falling wedge pattern
Time Frame: 3 Hour
Entry: Reversal from Support level
Breakout above 545
Targets: Reversal Target 545
Breakout Targets 608+
Inverted head and shoulder pattern in Banknifty.In Today's trading session, banknifty index has been an inverted head and shoulder pattern in 15 min timeframe and its breakout level is 41155 level and its long target is likely to be 41800 level.
Preferential AllotmentLehar Foot Wears has made recently preferential allotment to promoters between Rs 35 to 45. Stock has consolidated nicely btw 2016 to 2022. With promoters inducing the confidence in the business this has to be pick for 1x from Rs 60
Hercules Hoist-Demerger of Investment ActivitiesGeneral Notes
1. Company is debt free
2. They are demergin their investment vertical from the balancesheet
3. EPS getting recovered from last 2 qtrs
4. Net cash is positive
5.Technical setup -13 years of breakout and this demerger can take this stock for new high
6. Investments activities are getting demerged from the business
7. Annual report has indicated that it has received export orders. However no mention of which markets. Actively exploring
ALKEM - SWING TRADE SET-UPAlkem looks good for swing Trade
He breaks Flag and pole pattern on Weekly time frame and also maked double bottom pattern
It's good for buy above if sustain then Buy 3250-3255 in this Rang
Disclaimer:- Fundamentally this stock is not good so don't invest more .
This is only for educational purpose
(Short term) Bullish Flag pattern in PATELENG.Discription:
Stock Name: PATELENG
Chart Pattern: Bullish Flag pattern
Time Frame: 1D
Entry: Reversal Support level
Breaout above 26.40+
Targets: Reversal Target 26.40
Breakout Targets 35.35+
Double Bottom pattern in INFY.Discription:
Stock Name: INFY
Chart Pattern: DOUBLE BOTTOM PATTERN
Time Frame: 1D
Entry: Reversal from support level
Breakout above 1630+
Targets: Reversal Target 1630+
Breakout Targets 1900+
Double bottom pattern in ZYDUSLIFE.Discription:
Stock Name: ZYDUSLIFE
Chart Pattern: Double bottom pattern
Time Frame: 1 Hour
Entry: Reversal from support level
breakout entry above 380+
Targets: Reversal Target 380+ (upto resistance level)
Breakout target 397+
CUMMINSIND - SWING TRADE The stock is consolidating in a range for over a month BUY If sustain above 1258 target is 1290
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
FUNDAMENTAL INFORMATON ABOUT COMPANY :-
Cummins India Ltd. engages in the manufacture, design, and distribution of diesel and alternative fuel engines. The firm also offers electronics, emission solutions, filtration, fuel
Bullish flag pattern in TORNTPOWERDiscription:
Stock Name: TORNTPOWER
Chart Pattern: Bullish flag pattern
Time Frame: 1 W
Entry: above 545+
Target : above 855+
Wedge pattern Breakout in TATASTEEL.Discription:
Stock Name: TATASTEEL
Chart Pattern: Wedge pattern
Time Frame: 1 Hour
Breakout entry above : 108+
Breakout target above : 114+
Laxmi Organic Industries Limited ABOUT
Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.
The company’s business operations are carried in over 30 countries including 11 offices located in India
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 29.0% CAGR over last 5 years
CONS
Stock is trading at 7.82 times its book value
Promoter holding has decreased over last quarter: -0.39%
Symmetrical triangle pattern in SYNGENE.Discription:
Stock Name: SYNGENE.
Chart Pattern: Symmetrical triangle pattern
Time Frame: 1D
Entry: Reversal from support level
breakout above 610+
Reversal target above 610+
after breakout target 733+
