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Short Term to Long Term Chart Analysis of CreditAccess Grameen.Hello Everyone, I hope you all will be doing good in your life and your trading as well, today i have brought a stock which has come at important support zone right now, I already have mention everything on chart, but let's discuss here as well in details. If you Check Stock is corrected almost 46% from all time high (1796) zone and made low at (911), today's closing is (947.35). Currently stock is giving very good opportunity to accumulate on discounted price and hold for long term, This can be SIP stock also if anybody wants to do in it. we might not gonna to see these prices again. Let's talk about some fundamentals 1:- P/E ratio is 11.34 2:- P/E ratio is 11.34 which is lower than it's 5 years Average P/E 31.77 3:- P/B ratio is 2.1655 which is lower than it's 5 years Average P/B 2.57 4:- P/E ratio is 11.3434 which is lower than it's Industry P/E 24.11 5:- Interest Coverage ratio 2.12 is higher than last year's Interest Coverage Ratio 1.91 6:- ROCE is 14.76% 7:- ROCE 14.76% has increased as compared to last year's ROCE 12.06% 8:- ROE is 24.87% 9:- ROE 14.76% has increased as compared to last year's ROE 12.06% 10:- ROCE 14.76% is higher than 5 years ROCE average 11.01% 11:- ROE 24.87% is higher than 5 years ROE average 13.81% 12:- PEG ratio is 0.25 13:- Operating Profit Margin (EBITDA Margin) is 72.05% 14:- Operating Profit Margin (EBITDA Margin) 72.05% has improved as compared to last year's OPM 66.73% 15:- Company is expected to give good quarter 16:- NPM is 27.99% 17:- Net Profit Margin (PAT Margin) 27.99% has improved as compared to last year's NPM 23.3% 18:- Dividend Yield is 1.05% 19:- Annual Sales has grown by 45.74% 20:- Annual Profit has grown over by 75.06% 21:- 3 Years Sales CAGR is 44.73% 22:- 3 Years Profit CAGR is 62.98% 23:- Quarterly Sales has grown over by 16.55% YoY 24:- Retail/Public have reduced their stakes by 1.39% in the latest quarter (16.25% to 14.86%) 25:- Promoters + FIIs + DIIs hold 92.16% in the company Market Leader The company is India’s largest NBFC Microfinance Institution with a total gross loan portfolio of Rs. ~26,700 Cr in FY24 vs Rs. ~16,500 Cr in FY22. It holds a 6% market share in the overall microfinance industry. Customers As of FY24, the company has an active borrower base of ~49 lakhs vs 38 lakhs in FY22. Rural borrowers account for ~84% of its total borrower base, ~28% are unique borrowers of the company. Branch Network As of FY24, the company has a network of ~1,960 branches (vs ~1,600 branches in FY22) across 16 States, 1 UT, and 383 Districts. Outlook The company expects a loan portfolio growth of 23% to 24% in FY25 and an NIM of 12.8% to 12.9%. Over FY25 to FY28, it anticipates a loan portfolio growth of 20% to 25%, and NIMs in the range of 12.7% to 12.9%. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:CREDITACCLong
by TraderRahulPal
ARW Tachno-Funda CallNSE:ANANDRATHI is about to breakout Major Resistance after a good consolidation of over 8 Months. Today it Posted its Q2 FY 24-25 Results which were astonishing. It is an AMFI-registered mutual fund distributor and is one of the leading non-bank wealth solutions firms in India, being ranked amongst the top three non-bank mutual fund distributors in the country. It offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients. For Swing Traders: Enter after it Breakouts above 4300 Levels With a Good Price and Volume Candle. For Positional Traders: You can Accumulate it if it comes back to the Accumulation Zone or Near 200EMA. For Investors: You Can SIP, Going all in at this Valuation is a bit Risky. Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:ANANDRATHILong
by Karanshah137
NBFC has Retested the Breakout Zone || Stock is going to flyHello everyone, i hope you all will be doing good. I have brought a stock which has retested the breakout zone after giving successfully breakout of triangle pattern stock name is NBCC (India) Limited and is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The Co. operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. Technically stock is looking good on chart, after the breakout stock has came down to retest the levels this is call healthy currection for new swing. Price is above 200-DEMA, MACD is showing bearish crossover on chart but slowly it start giving bullish crossover. Company has good management. NBCC is totally Fundamentally strong stock. Company has an order book of ~Rs. 55300 crs. as of H1FY24. ~7000 crs. orders were secured in FY24 itself from Kerala Housing Board, Govt. Presses redevelopment, Ravenshaw University, PWD Puducherry, Bokaro Steel etc. Market Cap ₹ 32,022 Cr. Current Price ₹ 178 High / Low ₹ 198 / 41.4 Stock P/E 60.0 Book Value ₹ 12.4 Dividend Yield 0.31 % ROCE 32.7 % ROE 25.6 % Face Value ₹ 1.00 Industry PE 40.6 Debt ₹ 0.64 Cr. EPS ₹ 2.23 Promoter holding 61.8 % Intrinsic Value ₹ 35.8 Pledged percentage 0.00 % EVEBITDA 35.9 Change in Prom Hold 0.00 % Profit Var 5Yrs 7.30 % Sales growth 5Years 0.97 % Return over 5years 28.4 % Debt to equity 0.00 Net profit ₹ 414 Cr. ROE 5Yr 17.2 % Profit growth 38.2 % Earnings yield 2.88 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NBCCLong
by TraderRahulPal
5
Long bet in AVAAS FINANCIERS.>>Avaas Financiers Ltd is a major company that offers home loans. They operate in several states in India, including Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Punjab, Uttarakhand, Himachal Pradesh, Delhi, Odisha, and Karnataka. They have a widespread presence with a total of 346 branches. >>This company primarily focuses on providing home loans to people in the low and middle-income groups. What's noteworthy is that Avaas Financiers Ltd has been actively working to increase its sales numbers and profits. This performance makes their stock look promising for potential investors. >>In terms of its future, Avaas Financiers Ltd looks promising because it operates in a specialized niche within the home loan industry. The company intends to expand by opening 30-35 branches annually and entering two more states over the next 3 to 5 years. This strategy is expected to provide sustainable growth. >>Now, if we look at its chart, especially on a weekly timeframe, we will find that the stock has corrected 50% from its peak. After correcting, the stock is accumulating in an ascending triangle pattern. If it is able to break out of this pattern, we could consider entering the trade, as it has all the possibilities to provide decent growth in the long run. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Note: This is for informational purposes only. Do your own research before investing.
NSE:AAVASLong
by BullishLine
ICICIBANKICICIBANK:- Stock has formed an ascending triangle pattern keep an eye on it Good for short term, wait for breakout. You can plan the trade as per your risk appetite now Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:ICICIBANKLong
by AjayDhakad_Keep_it_simple
Kothari Sugars And Chemicals LimitedKOTARISUG:- Wait if the stock has tested the resistance line many times, if the stock has given a breakout to the resistance then sustain it. plan to go for long Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:KOTARISUGLong
by AjayDhakad_Keep_it_simple
Ascending Triangle with Cup & Handle FormationCsb Bank is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. The Stock broke out of Ascending Triangle Pattern with Cup & Handle Inside and that too with good volume. RSI is at perfect levels. There is a perfect MACD crossover as well. All technical indicator is bullish. The Company is fundamentally strong as well. An annual revenue growth of 31% is outstanding, Pre-tax margin of 13% is healthy, ROE of 10% is good. The Company is continuously posting robust numbers. The last quarter numbers are also excellent with an increase of 28% in sales YoY and 172% in EPS YoY. Mutual Funds and FPI have consistently increased their stake in the counter. Add for Targets of 320-350 with SL at 249. Feel free to share your feedback and queries.
NSE:CSBBANKLong
by mastermukund4
2
Channel Breakout with Trendline Support (Don't Miss)Voltas Ltd. is involved in the business activities of Manufacture of refrigerating or freezing equipment f industrial use, including assemblies of major components. The stock is moving in a channel for quite sometime now. growing volume in the stock suggests that the stock is ready to breakout. The Company is well known and needs no explanation. Debt Free Company with Healthy Balance Sheet. The Company has posted stellar numbers for the last quarter of FY 21 yesterday. Expecting a bounce from support line. This stock can be accumulated at this levels as well. But to be safe, Don't miss above 1005 levels for targets of 1100-1150. Long Term Target 1300+++ Feel Free to share your feedback and queries
NSE:VOLTASLong
by mastermukund4
16
Watchout for Multi Year Breakout (Don't Miss)Gujarat State Petronet (GSPL) is involved in the business activities of Transport via pipeline. The Stock is ready to break out a multi year resistance soon. The stock from a technical standpoint is trading close to its 50 DMA and comfortably placed above its 200 DMA. There is a clear positive crossover of MACD line on daily charts signaling bullish view. RSI is also at perfect levels. The Company is fundamentally sound. The company has a debt to equity of 49%, which signals a healthy balance sheet. An annual revenue growth of 30% is outstanding, Pre-tax margin of 20% is great, ROE of 35% is exceptional. Mutual Funds and FPI together hold around 36% stake in the stock. Don't Miss to add above 280 levels for Targets of 350-370 with SL at 255. Feel free to share your feedback and queries.
NSE:GSPLLong
by mastermukund4
3