Multi Year Breakout in Govt. Undertaking Tourism Sector StockHello Guy's, i hope you all will be doing good in your life and your trading as well. I have brought another good stock, which has given Multi year breakout on weekly time frame with huge volume spike on weekly timeframe. This stock has shown very aggressive move in last few trading session. Stock has been double in very short of timeframe. Just 2 months ago on 28th of november stock was trading at 407, since then it has come at 839. More than 100% returns in just last 2 months. Now a days government undertaking stocks is in limelight, Government policies also supporting the stock a lot. It seems the rally should continue from here too, but off course do not expect same momentum, which we have already seen in last 2 months.
Technically and fundamentally stock is good to go long and add more if you see some more downlevels from here. I will suggest to add this gem for long term and do SIP in it.
MACD has given bullish crossover.
PRICE is above 200-DEMA.
Stock has given all time high breakout and sustaining above to that levels.
Weekly volume spike in stock is also supporting the breakout.
NOTE:- (I have not placed any Indicators on chart, but i have done my analysis with all)
All these parameters suggesting positiveness in this Tourism & Hotel sector stock.
About Company:-
India Tourism Development Corporation Ltd is a Govt. of India undertaking and was established in October 1966, the company is running hotels, restaurants, providing transport facilities, engaged in production, distribution and sale of tourist publicity literature and providing entertainment and duty free shopping facilities to tourists. It has also diversified into consultancy, tourism, engineering projects, training/education in the tourism and hospitality sectors and event management.
Market Cap
₹ 7,186 Cr.
Current Price
₹ 839
High / Low
₹ 840 / 276
Stock P/E
97.8 (High PE Negative)
Book Value
₹ 41.9 (Negative)
Dividend Yield
0.26 %
ROCE (Positive)
28.0 %
ROE
18.6 % (Good)
Face Value
₹ 10.0
Industry PE
41.0
Debt
₹ 0.63 Cr. (Good)
EPS
₹ 8.54
Promoter holding
87.0 %
Intrinsic Value
₹ 53.5 (Negative)
Pledged percentage
0.00 % (Positive)
EVEBITDA
62.3
Change in Prom Hold
0.00 %
Profit Var 5Yrs
163 %
Sales growth 5Years
6.04 %
Return over 5years
24.2 %
Debt to equity
0.00
Net profit
₹ 73.2 Cr.
ROE 5Yr
4.23 %
Profit growth
193 % (Very Attractive)
PROS:-
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 163% CAGR over last 5 years
Debtor days have improved from 95.2 to 61.7 days.
CONS:-
Stock is trading at 20.0 times its book value
The company has delivered a poor sales growth of 6.04% over past five years.
Company has a low return on equity of 2.84% over last 3 years.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
