For the last five years the company has gone through a tough but the right transition from hardware to recurring software. For 20 years it reported Negative eps. The last 2 years it turned a slight profit and according to the conference call they expect it to continue. People havent looked at this stock in many years because of losses and no revenue growth. I...
If you are long term Investor - Kitex garments gives you an opportunity to multiply your Investments.
Peer Analysis - Garment Sector shows Kitex is very strong compared to its peers and beating them in a handsome fashion :)
Fundamental Analysis - Fundamentally good stock with deep cut in premium price and trading at very lucrative PE Ratio.
If you like my...
Nila Infra - Down from 19 Rupees in June to 6.6 Rupees in OCT.
A heavy volume in the bottoms showing clear price rejection by sellers - Which means stock can move UP
Comparing to peers it is in a good position with regards to fundamentals.
ROE: 19.35 (Sector average: 0.06)
ROA: 7.39(Sector average: -1.05)
ROCE: 19.46(Sector average: 28.34)
The current price of 345+ is near the bottom with 360+ being the firm resistance level. If it crosses this level with conviction over short term, the potential is quite high due to the higher ceiling of previous cycles going upto +450.
Enter @ 360+
Potential + 450
Key resistance on path - 385/ 395 - previous pivots
Risk reward: 15:60 - i...