Ihns
MRS BECTOR FOODMrs. Bectors Food Specialities Ltd was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995. It manufactures biscuits and bakery products that are marketed under Mrs. Bector’s Cremica and Mrs. Bector’s English Oven brands, respectively
Annual Revenue rose 19.56%, in the last year to ₹1,642.95 Cr. Its sector's average revenue growth for the last fiscal year was 3.7%.
Quarterly Revenue rose 17.43% YoY to ₹413.02 Cr. Its sector's average revenue growth YoY for the quarter was 3.85%.
Annual Net Profit rose 55.83% in the last year to ₹140.36 Cr. Its sector's average net profit growth for the last fiscal year was 13.57%.
Quarterly Net profit rose 21.56% YoY to ₹33.62 Cr. Its sector's average net profit growth YoY for the quarter was 5.99%.
Stock Price rose 61.86% and outperformed its sector by 50.39% in the past year.
PE Ratio is 53, lower than its sector PE ratio of 57.49.
Debt to Equity Ratio of 0.34 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
Return on Equity for the last financial year was 21.17%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.
Mutual Fund Holding increased by 3.24% in the last quarter to 20.42.
Promoter Share Holding increased by 0.01% in the most recent quarter to 51.18%.
Interest Coverage Ratio is 22.08, higher than 1.5. This means that it is able to meet its interest payments comfortably with its EBIT.
Promoter Pledges are zero.
T T LTDTT Limited is a part of TT Group. Company is a vertically integrated textile producer, and garment manufacturer and a three star Export House. It is engaged in yarn trading, knitting, and cutting and sewing of textile products.
Huge CAPEX on track
Company has inked an MoU with the U.P. Government at the Investment Summit for a large-scale textile unit within the proposed Garment Cluster under the PM Mitra Scheme in Hardoi District, Uttar Pradesh. Concurrently, plans are underway for a fabric manufacturing unit in Surat, aligned with the upcoming Textile Ministry PLI2 scheme. Company is also planning to expand its Tirupur unit aiming at doubling its capacity by 2025.
Recent collaboration with Bihar Government
Company has launched ‘Made in Bihar’ logo to strengthen the manufacturing and marketing network of ‘Made in Bihar’ Hosiery products. The ‘Made in Bihar’ Hosiery products are being manufactured in collaboration with hosiery manufacturing company TT Limited and units established by the beneficiaries of Mukhyamantri Udyami Yojana in Sikandarpur Industrial Area, Bihta.
Debt reduction
Company has been on debt reduction spree by reducing its debt from 277Cr in FY19 to 129Cr in FY24 showing a constant reduction.
Technical Indication
Technically also company is looking very strong by forming cup and handle patten and also on the verge of giving lifetime high breakout by breaking 2018 highs.
Improving Fundamental
TTL has ROE of 6.37% and ROCE of 7.90%. It has been consistently generating cash from operating activities and has been using it to repay debt. Promoters are majority stake holders in company holding 58.66% stake in this counter. Considering the strong developments in this counter this counter can give huge up-move in coming time
Delhivery can deliver profits to your portfolio!My observation is that the new age startup stocks have rallied in the past few days, eg. Nykaa, Paytm, Zomato.
Now, it might be time of Delhivery stock to breakout and rally.
The stock has formed a clear inverted head and shoulder pattern with 380 as its neckline.
403 is a minor resistance after which the stock can rally uptil 450-460.
If the stock retraces towards 365, it can be a good buy in dip since the SL is deep below 345.
Note:-Idea is shared for educational purposes and should not be taken as a recommendation.
MCX for 1700 LONG!Attached: MCX Daily Chart as of 21st June 2023
Price has a Pending Upside Target of 1700 as per the Inverted Head & Shoulder Breakout
So far the Price has been rallying in a Channelized manner and respecting the Moving Averages
Today Price resumed its Up Move breaking out for 3-4 day consolidation
And so the Journey up to 1700 shall resume from here
Holding 1560 as Stop Loss
Upside Target = 1700
SILVER- Inverted Head and Shoulders Breakout BUY!Attached: XAGUSD Daily Chart as of 17th March 2023
Price closed up 4.20% on Friday with a Bullish Marubozu Candle
At the same time also triggering a Bullish Inverted Head & Shoulder Pattern Breakout
Action Plan as follows:
Buy triggered with Friday's Closing✅
Stop Loss⚠️ below 21.25
Upside Target🎯= 25 + (which is also the measured move of the IHNS Pattern)
Silver has to catch up📈 with Gold as the Precious Metals Bull Run unfolds amidst a Banking Crisis, High Inflation and Rising Interest Rates
Hitech Pipe : Forming IHnS#Hitechpipe is forming a IHnS at 880. The price has tested the 880 level for 3-4 times previously and also retested the BO level of 855-860
Now trying to break above the IHnS neck line in 880-885 zone. If breaks above this level then one can expect to 940/970/1000 price levels in coming weeks.
One can keep SL of 825 o the closing bais.