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Chennai Petrolium breakout 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a long downtrend since June 2021, NSE:CHENNPETRO has given a high volume breakout today. The company posted a quarterly sales growth of 68%, quarterly profit growth of 141%, TTM sales growth of 60% and TTM profit growth of 135% in December quarter. Buy with a stop just below Rs.133.
NSE:CHENNPETROLong
by akashbothra
Borosil bounce back from support1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop NSE:BORORENEW is trading in a range since December 2021. On 5th April 2022 it broke out of a consolidation zone within the range, went back below the support on 12th April and gave a bounce back today. It's a buy with a stop at ₹610. Other fundamentals: 1. BRL is engaged in the manufacturing of low iron solar glass for application in photovoltaic panels. They are the first and the only producer of solar glasses in the country. The Company’s thinner fully tempered solar glass (2mm and 2.5 mm) offers niche products for glass modules. 2. BRL has a 40% market share in the Solar Glass segment. BRL has expanded its glass capacity from 180 TPD to 450 TPD, which is equivalent to the production of 2.5 gigawatts of solar modules annually. 3. During FY20, the company successfully raised 200 Cr through QIP and the money raised through the issue will be utilized for its expansion. The company will more than double its solar glass production capacity from 450 tons per day to 950 TPD. Capacity is being further expanded from 950 TPD to 1950 TPD in phases by 2024. 4. Increase in installed capacity of Renewable Energy is a high priority of government of India which continues to provide strong thrust to the installation of solar power projects. The government has announced three major steps underlining its commitment to the establishment of a strong domestic solar manufacturing eco-system. The first is the announcement of an additional allocation of Rs.19500 Crores under the PLI scheme for solar cells and modules raising the total allocation to a very impressive Rs.24000 Crores. The second is the formal announcement of basic customs duty on solar panels at 40% and on solar cells at 25% effective from 1st April 2022. The third is the scheme of Approved list of Models and Manufacturers introduced some months ago whereby effectively only Indian manufacturers of solar modules are able to supply to many types of government tenders which have now been extended to open access and net metering projects as well. (excerpt from investor call February 2022) 5. Even though 14 Gigawatts of solar module manufacturing capacity exists in India, actual production was about 5.5 Gigawatts during the financial year 2021. We see installed capacity rising to 50 Gigawatts of solar panels within the next three years. This will give a great boost to domestic production of solar equipment in India causing a major shift away from imports from China to sourcing from domestic manufacturers. Consequently, we expect increased demand for solar glass in India. We are in advanced discussion with many of these manufacturers who are all looking to have a local source of supply for solar glass. 6. The European Union has launched a solar accelerator program to promote production of solar modules in Europe. Solar components are likely to enjoy a sweet spot for the next many years. It is heartening to note that the solar installations in the country have picked up momentum in the current year. The installations in the first nine months of FY2022 have been 9.2 Gigawatts, which has matched the earlier best for a full year. This trend is expected to gain further ground and the level of annual installations is expected to accelerate to significantly higher levels. There is a growing demand from export customers looking at the expected significant rise in local production of solar modules in major markets i.e. to say Europe and USA. We see an attractive future growth in the company’s exports. 7. Borosil Renewables is currently undertaking a Brownfield capacity expansion, a third solar line with a capacity of 550 metric tons to meet the growing demand. This will enhance our capacity from 450 tons per day to 1000 tons per day. Commercial production from SG-3 is expected to commence in the second quarter of FY2023. Further, the company’s board has already approved further expansion of capacity through Solar Glass 4 & 5 in order to raise the capacity from 1000 tons to 2000 tons per day. Work on the SG-4 project is expected to commence during the second quarter of CY2022. Given the lead times required for capacity expansion this additional capacity can come on stream in the third quarter of CY2023. 8. The company has delivered good profit growth of 25.44% CAGR over the last 5 years. 9. Quarter sales growth at 20%, quarter profit growth at 332%, TTM sales growth 64% and TTM profit growth at 595% (December quarter). 10. Debt to equity at 0.10 (less than 1 is good), Interest Coverage at 62.5 (greater than 3 is good), Current ratio at 5.60 (greater than 1.5 is good). 11. Borrowings came down from 92Cr. in Mar'20 to 71Cr. in Sep'21.
NSE:BORORENEWLong
by akashbothra
Meghmani Finechem high volume breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After consolidation since October 2021, NSE:MFL has given a high volume breakout today. Buy with a stop at ₹1000. Other fundamentals: 1. Meghmani Finechem Limited (MFL) is part of the Ahmedabad-based Meghmani Group. It was incorporated in September 2007 as a subsidiary of Meghmani Organics Ltd (MOL) but was demerged in April 2021. The company is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives with backward and forward integration facilities and also engaged in trading of Agrochemical products. 2. MFL is the fourth largest amanufactururer of Chlor-Alkali and its Derivatives company in India. The company manufactures - a. Chloralkalis: Caustic Soda Lye and Flakes, Liquid Chlorine, Hydrogen, Caustic Potash Lye and Flakes, etc. b. Derivatives:The company has Chlor-Alkali Derivatives in the form of Chloromethanes and Hydrogen Peroxide. 3. The Company’s manufacturing complex is located in a 60-hectare facility in Dahej (Gujarat). The Company possessed the following capacities as of March 31, 2021: ~4th largest capacity of Caustic Soda at 2,94,000 TPA ~2nd largest capacity of Caustic Potash at 21,000 TPA ~3rd largest capacity of Chloromethanes at 50,000 TPA ~3rd largest capacity of Hydrogen Peroxide at 60,000 TPA ~ The company, in the second year of operations of the Chloromethanes plant, achieved 100% capacity utilization (FY 2020-21). ~The overall production of the company increased from 179 KTA in FY 2019-20 to 302 KTA in FY 2020-21, recording 70% growth. 4. The company's products are used in industries like Refinery, Paper & Pulp, Soaps & Detergents, Textiles, Dyes & Pigments, Pharma, Agro-Chem, Paints & Coatings, Alumina, Pesticides, etc. 5. The company is setting up the EPC and CPVC Resins plants which are expected to be commissioned by FY 2022 and 2023 respectively. a. Epichlorohydrin (ECH): Initiated in the Dahej plant, MFL will become the first manufacturer of Epichlorohydrin in India. The project will have a capacity of 50,000 TPA and will be based on TechnipFMC’s Epicerol technology. Once operational, it would be the first plant in India to run on 100% renewable resources. b. Chlorinated polyvinyl chloride (CPVC): The Company announced the setting up of the Chlorinated Polyvinyl Chloride (CPVC Resin) project in Dahej with a capacity of 30,000 TPA. The total cost of the project would be Rs.190Crs. 6. Quarter sales growth at 90%, quarter profit growth at 184%, TTM sales growth at 89% and TTM profit growth at 128% (December 2021). 7. Average ROE for the last five years at 25%. 8. March quarter results are due on 25th April.
NSE:EPIGRALLong
by akashbothra
Apcotex Breakout, Pullback and Bounce1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After the consolidation since September 2021, NSE:APCOTEXIND gave a high volume breakout on 19th April. On 20th April it pulled back to the support level and gave a bounce on Friday. It's a buy with a stop at ₹404. Other fundamentals: 1. TTM sales growth of 85% and TTM profit growth of 267% (December quarter). 2. Average Roe for last ten years at 15%. 3. Debt to equity at 0.10 (less than 1 is good), Interest Coverage at 36.6 (greater than 3 is good), Current ratio at 1.73 (greater than 1.5 is good). 4. FII steak increased since September 2021 from 0.40% to 0.91% in March 2022. 5. About the company: Apcotex Industries Ltd is engaged in the production of various types of synthetic latex and synthetic rubber. It was started in 1980 as a division of Asian Paints, manufacturing synthetic latex and was later spun-off as a separate company under the leadership of Mr. Atul Choksey, former MD of Asian Paints Ltd. 6. The company is a leading producer of Synthetic Rubber and Synthetic Latex in India :- a. Synthetic Rubber :- Nitrile Rubber, High Styrene Rubber, Nitrile Rubber, Nitrile Polyblends and Nitrile powder. b. Synthetic Latex :- XSB Latex, BP Latex, Styrene acrylics and Nitrile Latex. It has one of the broadest ranges of Emulsion polymers in the market and is the only manufacturer of NBR (Nitrile Butadiene rubber) in India. 7. The company exports its goods to 40 countries across various industry segments. During FY21, Domestic sales accounted for 82% revenues and exports accounted for the rest 18% revenues. 8. The company's customer base includes companies like ITC, JK Paper, Pidilite Industries, MRF, SRF, Century Enka, BILT, Paragon, Ajanta, Footwear, Relaxo, Jayshree Polymers, and others. 9. Long term credit rating has been upgraded by ICRA on March 2022. a. The upgrade of the long-term rating of Apcotex Industries Limited (AIL) factors in ICRA’s expectations that the company will be able to maintain a healthy financial performance, led by consistent revenue growth and a sustained margin profile. While the prices of raw materials have increased substantially in the current fiscal, the company passed on the same to its customers and hence was able to sustain the operating margins in a range of 13-16% in the last four quarters. The company is undertaking sizeable capex, which is likely to drive revenue growth, apart from diversifying the product mix and customer mix. b. The ratings continue to draw comfort from a healthy capital structure and debt protection metrics due to strong tangible net worth and limited reliance on debt. While the metrics are likely to moderate due to the ongoing planned capex, they are likely to remain comfortable. The company’s liquidity profile has remained strong due to healthy operational cash flows and availability of healthy cash and investments. The rating draws comfort from AIL’s strong market position in the synthetic rubber and synthetic latex segments in India and its promoter background with an experience of more than three decades in the industry. The ratings factor in the company’s diversified customer base across various end-user industries. 10. Risk: 60-70% of the company's operating cost comprises of raw materials. Its main raw materials are Butadiene, Styrene and Acrylonitrile. These raw materials are petroleum derivates and hence their prices fluctuate with crude prices. 11. Quarterly results are due on 27th April.
NSE:APCOTEXINDLong
by akashbothra
HAL ready for a cup and handle breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since September 2021 (if we look at the weekly charts then we can see that the consolidation has been going on since August 2020), NSE:HAL is going to break out from a cup and handle pattern. Volume is also increasing. If the stock breaks out above Rs.1500 then it will be a good buy with the stop just below Rs.1400. Other fundamentals: 1. India will 'possibly' not import any defence items going forward: Defence Ministry official 2. Hindustan Aeronautics Limited informed that in a major boost to Atmanirbhar Bharat Mission, as per Press Information Bureau, CCS has approved the procurement of 15 Light Combat Helicopters (LCH) Limited Series Production (for Indian Air Force 10 and Indian Army 5) from the Company. 3. Average Roe for last 3 and 5 years more than 15% 4. Borrowings came down from nearly 6000 crores in March 2020 to 6 crores in September 2021 5. Dividend yield of 2.69% (consistent dividend payer since 2016) 6. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 106 (greater than 3 is good), Current ratio at 1.65 (greater than 1.5 is good). 7. FII stake increased from 0.30% in December 2020 to 3.15% in December 2021.
NSE:HALLong
by akashbothra
Bharat Electronics breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since November 2021, NSE:BEL has given a high volume breakout today. December quarterly sales were up 59% and December quarterly profit were up 114%. Buy with a stop just below Rs.216. Other fundamentals: 1. Average ROE call last 3, 5, 10 years have been greater than 15%. 2. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 559 (greater than 3 is good), FCF to CFO at 47%. 3. FII stake increased from 7.86% in June 2020 to 17.21% in December 2021. 4. press release issued on April 1 2022 states that Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of about Rs. 15000 Cr (Provisional & Unaudited), during the Financial Year 2021-22, against the previous year's turnover of Rs. 13,818 Cr, despite challenges posed by the COVID-19 pandemic and global semiconductors shortage. BEL's Order Book as on April 1, 2022, is around Rs. 57000 Cr. In the year 2021-22, BEL secured significant orders worth (approx.) Rs. 18000 Cr. Some of the major orders acquired during the year were Avionics Pack for Light Combat Aircraft (LCA), Advanced Electronic Warfare Suite for Fighter Aircraft, Instrumented Electronic Warfare Range (IEWR), Electronic Voting Machine (EVM) & Voter Verifiable Paper Audit Trail (WPAT), Cdr TI- T90 Tank, COMINT System, Radar Warning Receiver (RWR) & Missile Approach Warning System (MAWS) for C-295 Programme, Electronic Gun, IoT Gateway, etc. 5. Among the defensive stocks that are characterised by strong balance sheets, quality earnings, and reasonable growth, Bharat Electronics (BEL) offers a good value in the light of the volatility in the market and its attractive valuations. At the current market price of Rs 235, it is trading at 18 times its fiscal 2023 estimated earnings along with a dividend yield of close to 3 percent. Valuations also look reasonable in the light of improving business and growth opportunities.
NSE:BELLong
by akashbothra
Rossell India Breakout 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since July 2021, NSE:ROSSELLIND has given a high volume breakout today. Buy with stop at ₹197.
NSE:ROSSELLINDLong
by akashbothra
MRO-TEK high volume breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since October 2021, NSE:MRO_TEK has given a high volume breakout today. Buy with a stop at ₹64. Other fundamentals: 1. TTM sales growth of 340% and TTM profit growth of 895%. 2. Debt to equity at 0.94 (less than 1 is good), Interest Coverage at 14.2 (greater than 3 is good), FCF to CFO at 122%. 3. Promoter holding increased from 54.19% in September 2020 to 55.04% in March 2022. 4. The company removed 15 products from its product line based on technology obsolescence and market movement. It also introduced new products in its protfolio such as Industrial grade switches, L2/L3 switches, coach switches and fibre/ IP modems. 5. The company entered into electronic manufacturing services space in 2017. It focuses on Aerospace, Defence and Medical Sectors. Clients include alpha design, LnT Defence, AutoTec (Adani Defence), DRDO, TerumoCorp, SkanRay, Mass trans, Sensei Electronics and Grey orange. The company is also being considered for large scale manufacturing requirements of Cipla Ltd. 6.
NSE:MRO_TEKLong
by akashbothra
Gufic breakout, pullback & bounce back 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After consolidation since January 2022, NSE:GUFICBIO gave a break out of 12th April, went down below the support level and has given a bounce back today. Buy with a stop at ₹236. Other fundamentals: 1. The company has delivered good profit growth of 43.44% CAGR over last 5 years. 2. The company has a good return on equity (ROE) track record: 3 Years ROE 27.89%. 3. The company's median sales growth is 22.02% of last 10 year. 4. TTM sales growth of 71% and TTM profit growth of 160%. 5. Borrowings came down from ₹126cr on March 2020 to ₹35cr on September 2021. 6. Promoter holding increased from 65% in June 2021 to 75% in September 2021. 7. CRISIL Ratings has revised its outlook on the long-term bank facilities of Gufic Biosciences Limited (GBL) to 'Positive' from 'Stable', while reaffirming the rating at 'CRISIL BBB+'. and has assigned its 'CRISIL A2' rating to the short-term bank facility. The outlook revision reflects improvement in GBL’s business risk profile in fiscal 2022, marked by expected revenue of Rs. 750 crore, increase from Rs 488 crores in fiscal 2021, driven by capacity expansion and higher revenue from critical drugs. Operating profitability improved in fiscal 2021 to 17.6% and expected to sustain in fiscal 2022. With further capacity expansion in FY2023, revenue is expected to grow in future years. Hence, sustenance of operating margin and revenue growth will remain key rating sensitivity factors. Financial profile and liquidity continue to be strong. 8. GBL obtained various certifications and approvals for its manufacturing facilities and diversified its product portfolio through continuous research and development. The top 10 products contributed to 34% of revenue till the third quarter of fiscal 2022. Revenue grew to an estimated Rs 750 crore in fiscal 2022 from Rs 300 crore in fiscal 2018. 9. Financial risk should remain strong despite the huge, debt-funded capex to be undertaken in fiscal 2023. Networth was Rs 173 crore as on March 31, 2021 and is estimated at Rs 250 crore on March 31, 2022. Its controlled reliance on external debt has led to comfortable gearing and total outside liabilities to adjusted networth (TOLANW) ratios, which are estimated to be 0.14-0.15 times and 0.8-0.9 times, respectively in fiscal 2022. Debt protection metrics are robust, with interest coverage and net cash accrual to adjusted debt ratios estimated at 25 times and 2.5 times, respectively, for fiscal 2022.
NSE:GUFICBIOLong
by akashbothra
AMD industries breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since November 2017, NSE:AMDIND has given a high-volume breakout today. It is a buy with a stop just below Rs.51.50. In December quarter the company posted quarterly sales growth of 70%, quarterly profit growth of 84%, TTM sales growth of 46% and TTM in profit growth of 155%. Other fundamentals: 1. Stock is trading at 0.78 times its book value. 2. The company has three product lines which include crown caps - metallic closures for glass bottles, PET Preforms and plastic closures. It provides packaging solutions to most of the successful and well established companies engaged in beverages, liquor and processed foods ranging from small ventures to industry majors. 3. The Company supplies finished products to MNC’s like Coca Cola, Pepsi, South African Breweries (SAB), United Breweries(UB) Dabur, HLL, Hamdard etc. as well as numerous large indigenous beverage Pharma and healthcare companies. 4. The company through its related company, AMD Estates & Developers Private Limited is developing a Commercial Complex at Sector-114, Gurgaon, Haryana in collaboration with VSR Infratech Private Limited, New Delhi. The said project is at its last leg to complete. During FY21, the company has received revenue of Rs. 86.44 Lakhs from this project. 5. Excerpts from the credit rating report: - Brickwork Ratings believes that AMD Industries Ltd.’s (AMDIL) business risk profile will be maintained over the medium term. The ‘Stable’ outlook indicates a low likelihood of rating change over the medium term on account of sustained scale of operations in the past and above Rs 160 Crs and enhanced capacity which can increase scale of operations in the medium term due to stable demand. (+ve) The company has a long track record since 1983 and promoters have extensive experience of more than three decades in running the company. (+ve) The company has a moderate tangible net worth indicated by equity and reserves of Rs.131.86 crores in FY21 as against Rs 128.67 crores as in FY20. Company’s Gearing ratio viz TD/TNW is comfortable at 0.40 x in FY21 (PY: 0.37x). AMDIL’s debt stood at Rs 53.20Cr as on end-FY21 (came down to 46 Crs in September 2021), translating into a debt to EBITDA ratio of 0.23x. (+ve) The company’s cash conversion cycle (CCC) of the company has increased to 150 days in FY21 from 85 days in FY20. The increase is on account of increased receivable days of 356 days in FY21 from 292 days in FY20 impacted due to COVID 19 related disruption. (-ve) However, CCC is projected to truncate to 123 days in the near term. The company is exposed to raw material fluctuation risks which is likely to affect the profitability margins further as raw material prices are linked to crude oil prices. AMDIL’s EBITDA margin was 8.30% in H1FY21, as against 10.215 in FY21 and 11.37% in FY20. (-ve) Company's scale of operations may witness a decline if there is a significant shift towards newer packaging products, such as tetra packs, sachets, strips, and other flexible packaging, by end-user industries in the medium term.
NSE:AMDINDLong
by akashbothra
GPIL support retest and bounce back1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a long consolidation since July 2021, NSE:GPIL gave a high volume breakout on 11th April. On 12th April it retested its support level and bounced back. It is a buy with a stop just below his 432. Other fundamentals: 1. CRISIL Ratings had upgraded its rating on the long-term bank facilities of GPIL to 'CRISIL A+/Stable’ from ‘CRISIL A/Stable’, and has reaffirmed its ‘CRISIL A1’ rating on the short-term bank facilities. 2. It is expected that GPIL’s credit risk profile will improve in the near term aided by faster-than-anticipated deleveraging. On standalone basis, the company turned term debt free in the second quarter of fiscal 2022 and healthy liquidity is expected to be maintained going forward. As a result, consolidated leverage has improved significantly, as indicated by improvement in debt to earnings before interest, tax, depreciation and amortisation (Ebitda) ratio of 0.7 times as on March 31, 2021, compared with 2.7 times a year earlier. Operating efficiency should improve further as the entire iron ore requirement will be met through captive mines after ramp up of production on incremental capacity. Additionally, the augmentation of steel-making capacity in the current fiscal will strengthen the market position further. 3. High realisations across the steel industry boosted the performance of GPIL in fiscal 2021 despite disruptions amid the Covid-19 pandemic and the performance is likely to remain strong this fiscal as well. Standalone operating income and operating profit grew by 32% and 139%, respectively, in fiscal 2021, and are likely to further rise in fiscal 2022, as evident from the first quarter financial performance. Operating profitability will structurally improve over the medium term, supported by enhanced backward linkages leading to cost saving, ensuring healthy cash generation. 4. The company has a plan for setting up a greenfield integrated steel plant with capacity of 1.5-2 million tonne (MT) of flat products at estimated capital outlay of around Rs 4,000 crore over the next 3-5 years. The company has initiated the process for land acquisition and other regulatory clearances for setting up the project. Given the initial stage of the project, the structure including the funding mix and other modalities are not yet finalized. According to the management the debt to Ebitda ratio will not exceed 1 time for the entire tenure of the project. 5. The company meets 100% of its power requirement through its captive power capacity of 73 MW (WHRS 42 MW, biomass 20 MW and coal 11 MW) and an additional 25 MW by an arrangement with Jagdamba Power & Alloys Ltd (JPAL; associate company). In addition, the company has coal linkages with Coal India Ltd for around 46% of its requirement. Forward integration has led to diversified products (wire rods, hard bright wires and pre-fab structures) and revenue profile with the flexibility of selling products based on realisations. Furthermore, efficiency measures, such as setting up an iron ore beneficiation plant (to improve the iron content and thus realisation) and hot rolling mill in the same premises (reduces transportation cost and reheating requirement) and a captive solar photovoltaic plant for increased steel capacity, will improve the operating efficiency and profitability sustainably. 6. Consolidated cash accrual, expected over Rs 1,000 crore in fiscal 2022, will comfortably cover minimal term debt obligation. 7. TTM sales growth at 48% and TTM profit growth at 295%. 8. The company has delivered good profit growth of 55.88% CAGR over last 5 years. 9. Company has a good return on equity (ROE) track record: 3 Years ROE 26.19%. 10. Debt to equity at 0.18 (less than 1 is good), Interest Coverage at 31.4 (greater than 3 is good), Current ratio at 2.25 (greater than 1.5 is good). 11. Debt reduced from ₹2214Cr. in 2017 to ₹469Cr. In September 2021.
GLong
by akashbothra
Jash Agreement Sign Up with German Company & Breakout 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since June 2021, NSE:JASH has given a high volume breakout today after an agreement sign up with German company Invent Umwelt & Verfahrenstechnik AG. The company has registered TTM sales growth of 31% and TTM profit growth of 92% in the December quarter. It is a buy with a stop at Rs.535. other fundamentals: 1.JASH has signed an agreement with Invent Umwelt & Verfahrenstechnik AG, Germany for manufacturing of agitators, mixers and aeration equipment. Invent Umwelt & Verfahrenstechnik AG is industrial leader in this segment worldwide and the objective of the cooperation is to make Jash-Invent brand under which these products will be sold in India. The training and development for this product will be done during the first half of the year and the products will be launched in the second half of this financial year. 2. Jash Engineering Limited is manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemical, Fertilizers, and other process plants. Jash offers a single-stop solution under one roof including Design, Casting, Fabrication, Assembly & Testing, and provides the most varied range of these products in the largest possible sizes. Jash is today an industry leader in India for most of these products and also exports these products to over 45 countries worldwide. 3. Company has delivered good profit growth of 33.16% CAGR over last 5 years.
JLong
by akashbothra
BLS international breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a long consolidation since September 2017, NSE:BLS has given a high volume breakout yesterday. The breakout came after a rating update by CRISIL which has reaffirmed its ‘CRISIL A-/Stable/CRISIL A2+’ ratings on the bank facilities of BLS International Services Ltd (BLS; a part of the BLS International group). During the 3rd quarter 2021-22 quarterly sales went up by 51%, quarterly profit went up by 102%, TTM sales went up by 52% and TTM profit went up by 178%. NSE:BLS is a buy with a stop just below Rs.291. Other fundamentals: 1. BLS International Services Limited (BLS), a part of the four-decades-old BLS Group with a global presence and diversified range of services, counts amongst the top three global players in visa application outsourcing, with its presence in visa/ passport/ consular/ citizen services with 62 countries and 36 government clients and provides services through 2,325 offices worldwide. 2. BLS international expects a pickup in VISA demand with India deciding to resume international flight services and decline in COVID-19 cases. 3. Business risk profile continues to be driven by the strong market position with a presence in over 60 countries and presence in diversified revenue segment. Accordingly, an operating income growth is estimated in fiscal 2022 to over Rs 800 crore supported by addition of new orders and customers after experiencing a sharp decline of around 40% during FY21 on account of pandemic induced challenges on business demand. Improving scale is expected to support growth in operating margins to around 13% in FY22 (against 11.1% a year ago). 4. Overall, liquidity profile continues to remain supported by absence of debt obligations and healthy unencumbered cash and bank balances of over Rs 300 Cr as on 31st Dec, 2021. 5. CRISIL Ratings had upgraded its long-term rating on the bank facilities of BLS to ‘CRISIL A-/Stable’ from ‘CRISIL BBB+/Stable’ and reaffirmed the short-term rating at ‘CRISIL A2+’ on November 03, 2021. 6. The group offers services in visa processing, e-governance and banking correspondence. Apart from diversification into new business segments, addition of new clients in these segments has further strengthened the market position of the group. The group now covers over 46 missions, compared to only seven a few years back. In e-governance services, the group has three clients presently, compared to only one client two years ago; in the banking correspondent segment, Bank of Baroda has been added alongside the existing client - State Bank of India. 7. The financial risk profile remains robust supported by strong net worth of over Rs 500 Cr expected as on 31st Mar, 2022 and absence of debt in the capital structure resulting in expected nil gearing ratio. Debt protection metrics remained robust owing to low reliance on external debt, leading to expected interest coverage at over 60 times in fiscal 2022. In the absence of any debt funded capex plan, the financial risk profile is expected to remain robust over the medium term. 8. In the absence of any repayment obligation over the medium term, the entire cash accrual – projected at Rs 75-80 crore per annum – will aid financial flexibility. The fund-based bank limit was unutilised and the small limit is kept only for backup. Current ratio is estimated at around 11 times as on March 31, 2022, with healthy unencumbered cash balance at over Rs 300 crore as on December 31, 2021. 9. FII stake increased since September 2021 from 0.72% to 1.47%.
NSE:BLSLong
by akashbothra
Anand Rathi Breakout after good quarterly numbers1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after posting quarterly sales growth of 60%, quarterly profit growth of 257%, TTM sales growth of 53% and TTM profit growth of 181%, NSE:ANANDRATHI has given a high volume breakout today. Buy with a stop at rupees 610.
NSE:ANANDRATHILong
by akashbothra
Satia Industries breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since July 2021, NSE:SATIA has given a breakout today with high volumes. December quarter sales increased by 52%, quarter profit growth increased by 686%, TTM sales increased by 29% and TTM profit growth was at 105%. It's a buy with a stop just below Rs.108. Other fundamentals: 1. Text book corporations across the nation accounts for 40% of company's revenues. The remaining revenue comes from public sector & private sector companies. Its key clients include Bal Bharti, Assam Textbook corporation, Indian Railways, Himachal Pradesh board, West Benagal textbook corp etc. 2. The company has a pan-India presence and generates revenues from 15 states. Uttar Pradesh accounts for majority of revenues at 18%, followed by Maharashtra (14%), Delhi (13%), Rajasthan (9%), Punjab (8%) & others. Export contributes ~10% of the revenues. The company has a base of 70 distributors with 3 branch offices across the nation. 3. On 9th Feb 2022 Satia Industries said it has commissioned Paper Machine 4 having an installed capacity of one lakh tonne per annum, with an investment of Rs 500 crore. 4. Average ROE for last 3, 5 and 10 years greater than 15%. 5. Promoter stake increased from 51.68 in Sep'20 to 51.79 in Mar'21. 6. FII stake increased from 0.00 to 0.06 in Dec'21.
NSE:SATIALong
by akashbothra
2
Ester Breakout after Rating Updates 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since May 2021, NSE:ESTER has given a high volume breakout today. Buy with a stop at Rs.151. Other fundamentals: 1. In the first nine months of fiscal 2022, the company generated revenue of Rs 1,018 crore with operating margin of 17.7%, against Rs 696 crore and 25.3%, respectively, in the corresponding period of the previous fiscal. High operating margins during last fiscal has now been normalized in current fiscal. Improvement in operating performance is driven by continuation of favourable demand-supply dynamics in the packaging films business and maturing of products. 2. The engineering plastics and specialty polymers segments have also seen healthy improvement in demand over the past nine months. Therefore, despite the expected decline of margin in packaging films business, the overall operating profit before depreciation, interest and tax (OPBDIT) margin of EIL is expected to sustain around 15% over the medium term, benefitting from a diverse product portfolio. 3. Product mix and diversification should improve as the company is adding capacities of value-added products, specialty polymers and engineering plastics for capital expenditure (capex) of Rs 225 crore, which is likely to be completed in fiscal 2023. Furthermore, revenue of the packaging films business is expected to improve with the new greenfield BOPET (biaxially-oriented polyethylene terephthalate) line (48,000 tonne per annum in Telangana) expected to be commissioned by October 2022. The progress of the project will remain a monitorable. 4. Average Roe for last three and five years above 15%. 5. Five year CAGR sales growth at 5% and profit growth at 93%. 6. Company has been maintaining a healthy dividend payout of 18.11%. 7. Debt to equity at 0.39 (less than 1 is good), Interest Coverage at 9.54 (greater than 3 is good), Current ratio at 2.05 (greater than 1.5 is good), FCF to CFO at 59%.
NSE:ESTERLong
by akashbothra
Ganesh Benzoplast Breakout 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since 2017, BSE:GANESHBE has given a high volume breakout on Friday. Buy with a stop at Rs.105. Other fundamentals: 1. According to a news report published on 11th March, Ganesh Benzoplast Limited along with Singapore based Golden Agri International Enterprises Pte. Ltd., K N Agri Resources Ltd and other investors, through– Bluebrahma Clean Energy Solutions Pvt Ltd. – has ventured into production of Ethanol and Extra Neutral Alcohol. ( www.livemint.com ) 2. 10 year sales CAGR at 10% and profit CAGR at 75%. 3. Debt to equity at 0.18 (less than 1 is good), Interest Coverage at 15.8 (greater than 3 is good), FCF to CFO at 60%. 4. From 287 crore in 2012, debt came down to 45 crores in September 2021. 5. Promoter holding has increased by 1.27% over the last quarter.
BSE:GANESHBELong
by akashbothra
Jay Shree Tea Breakout 1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since August 2021, NSE:JAYSREETEA has even a high volume breakout today. The reason behind this breakout is Sri Lanka crisis. The tea industry in India has started getting export enquiries from the markets where Sri Lanka used to sell teas. "Almost all tea processing units in Sri Lanka are witnessing power cuts for almost 12-13 hours a day and have not enough fuel to run their generators. This is leading to production disruption and thereby impacting the quality of black tea leaves," said Dipak Shah, chairman, South India Tea Exporters Association, who was in Colombo a few days ago. To learn more about the situation please follow the link economictimes.indiatimes.com buy with a stop just below Rs.100.
NSE:JAYSREETEALong
by akashbothra
BSOFT breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since February 2022, NSE:BSOFT has given a break out today. It is a buy with a stop just below Rs.465. Other fundamentals: 1. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals. 2. There has been an acceleration in Birlasoft’s participation in large deals, from the signing of multiple transformational projects, including a multi-services deal worth US$ 242 M TCV, with US-based healthcare major Invacare Inc. The Invacare deal is the largest deal in Birlasoft’s history. 3. In FY19, Birlasoft Ltd merged and amalgamated with KPIT Technologies Limited. The merger brought together with skill sets from both businesses. Birlasoft Ltd had strengths primarily in the non-ERP Digital businesses like CRM, BI & Data Analytics, and Application Development, while KPIT IT Services possessed core strengths on the Enterprise Software Solutions like Oracle, JD Edwards, SAP, Infor, etc and capabilities in Digital Transformation services. Birlasoft has created a niche in the mid-tier IT services companies following the merger with KPIT. 4. With successful integration with KPIT Technologies Limited in FY20, FY21 was the second year of operations, wherein the company witnessed stabilization and growth post restructuring. During FY21, the company sharpened its focus to build key business verticals through a micro-vertical strategy, made investments on major business partnerships to expand capabilities and increased focus on its top customers for effective client mining, thereby leading to improved deal wins and increased revenue per account. Going forward, with continued focus on such strategic initiatives are expected to yield sustained growth in operations and profitability for the company. 5. Company is almost debt free. 6. Company has been maintaining a healthy dividend payout of 24.62%. 7. Debtor days have improved from 79.00 to 53.20 days. 8. Debt to equity at 0.05 (less than 1 is good), Interest Coverage at 48.1 (greater than 3 is good), Current ratio at 3.60 (greater than 1.5 is good), FCF to CFO at 64.2%.
NSE:BSOFTLong
by akashbothra
Southern Petrochem break out1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Largest weekly price spread c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after quarter sales growth of 15%, quarter profit growth of 832%, and TTM sales growth of 15% and TTM profit growth of 318%, NSE:SPIC give a high volume break out on 21st March 2022 after a consolidation since July 2021. Today it came down to the previous resistance zone at Rs.68-69 and gave a bounce back. Buy with a stop just below Rs. 68. Other fundamentals: 1. The company has reduced debt from 408 crores in March 2020 to 104 crores in September 2021. 2. The company has delivered good profit growth of 43.79% CAGR over last 5 years.
NSE:SPICLong
by akashbothra
Suven Pharma high volume breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Largest weekly price spread c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since August 2021 NSE:SUVENPHAR gave a high volume break out today. It is a buy with a stop around Rs. 544. Other fundamentals: 1. SPL engages in NCE molecule development and supply of intermediates. This is a high-value-add, high-margin business. SPL supplies intermediates for four molecules addressing rheumatoid arthritis, diabetes, depression and women’s health. This segment makes up 78% of revenues. The company has a strong order book with new clients being consistently added. Most clients are the Big Pharma companies in Europe and the US. The company is looking to shift from Intermediate to API manufacturing and is in discussion with clients regarding this. The company has stated that it has the facilities for API manufacturing. 2. The Company is supplying intermediates – derived out of its CDMO competence – for two specialty chemical products (agrochemical) to large global conglomerates. In this segment, the company is currently working on two molecules with a new molecule to be developed next year. 3. The company has planned for a capex of Rs 600cr, a large part of which will be utilized in facility upgradation, technology enhancement and relocation spread over 3 years. This will be over and above the current ongoing capex of Rs 320cr spent over FY19-21. The capex would be mainly used for modernization of manufacturing facilities, relocation of R&D facilities and acquisition of new technologies. The company has already spent a Capex of Rs.94cr in 9MFY21 to expand its existing manufacturing facilities. 4. Suven Pharma is associated with more than 70 global companies. The company has an established market position in the CRAMS segment and is among the top five players in India who supply high-end intermediaries to innovators. Company is getting repeat business owing to long standing relationships with MNC companies. The industry has high entry barriers, needs deep technical expertise and is a sticky business. 5. Suven Pharma Inc. is a wholly owned subsidiary of SPL. It is a Special Purpose Vehicle created to invest in Rising Pharma Holdings Inc. Suven Pharma Inc. has 25 % holding in Rising Pharma Holdings Inc. Rising Pharma Holdings Inc. is a New Jersey, USA based pharmaceutical company focused on developing generic pharmaceuticals products in various therapeutic segments. 6. Company has reduced debt. 7. Debtor days have improved from 76.94 to 37.01 days. 8. Since June 2020 FII steak increased from 3.55 to 8.25. 9. Debt to equity at 0.10 (less than 1 is good), Interest Coverage at 104 (greater than 3 is good), Current ratio at 3.19 (greater than 1.5 is good).
NSE:SUVENPHARLong
by akashbothra
Vidhi specialty high volume breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since January 2022, NSE:VIDHIING has given a high volume breakout. Buy with us stop just below Rs.418.
NSE:VIDHIINGLong
by akashbothra