GMBREW - Long Setup, Move is ON..NSE:GMBREW
✅ #PARAS trading above Resistance of 1195
✅ Next Resistance is at 1575
✅ Chart adjustments done as per following corporate action
Corporate action:
1:4 Bonus Issue of Equity Shares
May 24, 2024
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Gmbreweries
Alcoholic Beverages has given Long Consolidation period BreakoutHello everyone, i have brought a stock which has given huge breakout after 6 years consolidation. Stock name is G M Breweries Ltd,and it has set up in 1981 manufactures and markets Alcoholic Beverages such as Country Liquor (CL) and Indian-made Foreign Liquor (IMFL). The Co. has a monopoly in country liquor in the districts of Mumbai, Thane & Palghar.
It is the single largest manufacturer of country liquor in the State of Maharashtra with a sizable market share.
Market Position:-
The Company contributes about 25-30 % of the total Excise duty for country liquor in the whole of Maharashtra.
Brand Portfolio:-
The Co brands include names like G.M.Santra, G.M.Doctor, G.M.Limbu Punch, and a few more.
Manufacturing Facilities:-
The Co has a fully automatic plant at Thane, Maharashtra with a capacity to produce about 50,000 cases a day from 200 cases a day at the start. The company has capacity to
process 13.76 crore bulk litres of country liquor per annum out of which only about 53.79% has been utilized in FY24.
Difficulties:-
The Co. has been facing difficulty also due to very high levels of taxation and frequent changes in laws. Its main raw material ‘Rectified Spirit’ faced high fluctuations in price and was short in supply.
Recent Developments:-
The concentration has been mainly on country liquor in FY24, also due to competitive market conditions in the IMFL segment. The Company has been making steady progress in the business of country liquor during the past years.
Market Cap
₹ 2,118 Cr.
Current Price
₹ 927
High / Low
₹ 948 / 440
Stock P/E
14.3
Book Value
₹ 361
Dividend Yield
0.65 %
ROCE
23.5 %
ROE
19.6 %
Face Value
₹ 10.0
Industry PE
33.6
Debt
₹ 0.00 Cr.
EPS
₹ 66.5
Promoter holding
74.4 %
Intrinsic Value
₹ 716
Pledged percentage
0.00 %
EVEBITDA
11.5
Change in Prom Hold
0.00 %
Profit Var 5Yrs
12.6 %
Sales growth 5Years
5.80 %
Return over 5years
16.7 %
Debt to equity
0.00
Net profit
₹ 152 Cr.
ROE 5Yr
17.0 %
Profit growth
55.2 %
Earnings yield
9.80 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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GMBREWNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
GM Breweries near the momentum levelsGM Breweries long indications based on chart pattern.
Had been on down move and then gave a double bottom pattern and near the consolidation phase. Currently at the levels where it seems to give some momentum in the chart.
Expecting levels of 649 - 748 in the near term if sustains with good volume with strong base at 530 levels.
No recommendations, just my view based on charts.
GM BREWERIES - 70% RETURNS!!!BUY - GM BREWERIES
CMP - Rs. 599
Target - 1: Rs. 810
Target - 2: Rs. 1020
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Technicals -
1) Bullish Flag BO, supported with high volumes.
2) Historical trend ranging from August' 15 to May' 18 resembles the current trend, indicating a bullish continuation.
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Fundamentals -
GM Breweries Limited (NSE:GMBREW) is an Indian company engaged in the manufacture and sale of alcoholic beverages, including country liquor, Indian-made foreign liquor (IMFL), and bulk alcohol. The company operates primarily in the state of Maharashtra, India, and has a market capitalization of around INR 5,570 crores (as of April 12, 2023).
1) Financial Performance:
In terms of financial performance, GM Breweries has been steadily growing its revenue over the past few years. In FY2022, the company's net revenue from operations was INR 1,229.38 crores, up from INR 925.59 crores in FY2021, which represents a growth rate of 33%. The company's net profit for FY2022 was INR 180.72 crores, up from INR 130.13 crores in FY2021, representing a growth rate of 39%. The company's profit margins have also been improving over the past few years.
2) Valuation:
In terms of valuation, GM Breweries has a price-to-earnings (P/E) ratio of around 13.27x (as of April 12, 2023), which is below the industry average of around 23.27x. This suggests that the stock may be undervalued relative to its peers. The company's price-to-book (P/B) ratio is around 4.15x, which is also below the industry average of around 6.68x.
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This is just a view, please invest at your own risk.
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GMBREW - Bullish H&S + Bullish Engulfing pattern - Swing tradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
GM Breweries - Breakout after 100 WeeksIt has been observed that the price action breaks above strong resistance level of 500 level and also a consolidation over 100 weeks (700 days), indicating a sustainable strong movement ahead. Another big news in market that promoted this breakout is the initiating plans of "online alcohol delivery" in selected states. This may increase the revenue and growth of major liquor companies that will give potential hike in their market pricing and stocks.
Target - 750
T2 - 950
SL - 440
Target 1 (19%) achieved in G M Breweries. Target 2 is ON...This is follow-up on G M Breweries. Can check link to related ideas.
Target 1 achieved. More than 19%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DAILY SWING CALL // Thursday 15th of April 2021 // NSE: GMBREWDAILY SWING CALL // Thursday 15th of April 2021 // NSE:GMBREW
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 407.15
TARGET: 468 (15% Around)
STOP LOSS: 366 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risk.