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copper next movecopper can make small correction for fill FVG on down side for make uptrend 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
MCX:COPPER1!
by TRADING_MASTER_DAVIS
Mahindra and Mahindra updatecurrently market is on extreme supply if market breaks above 3000 we can expect level up to 3200 if else market can take a retracement for strong demand near 2800 or sell will be continued Hit the like button to Rock !! Show some energy !! Note : ⨻ Check the live market updates and analysis yourself before buy or sell. ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself ⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell. ⫸ You are responsible for your trading not me ⫷ happy trading 🥰
NSE:M&MLong
by TRADING_MASTER_DAVIS
GRINDWELL next moveGRINDWELL started sell trend and also making trend line liquidity forbreak upside if break above 2440 we can expect uptrend up to 2810 if breaks bellow 2320 we can expect 1980 Hit the like button to Rock !! Show some energy !! Note : ⨻ Check the live market updates and analysis yourself before buy or sell. ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself ⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell. ⫸ You are responsible for your trading not me ⫷ happy trading 🥰
NSE:GRINDWELLLong
by TRADING_MASTER_DAVIS
Aarti Surfactants LtdAarti Surfactants Ltd Incorporated in 2018, Aarti Surfactants Ltd is in the business of Home and personal care ingredients Fundamentals: Market Cap₹ 719 Cr. Current Price₹ 850 ROCE14.8 % ROE11.5 % Profit Var 3Yrs0.96 % Sales growth 3Years8.19 % Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
NSE:AARTISURFLong
by Momentuminvesting5540
Cartrade Tech Ltd | momentum stockCartrade Tech Ltd CarTrade Tech Ltd is a multi-channel auto platform provider company with coverage and presence across vehicle types and Value Added Services. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. fundamentals :great Market Cap₹ 4,707 Cr. Current Price₹ 995 ROCE 4.20 % ROE 0.42 % Debt to equity 0.05 Profit Var 3Yrs -54.6 % Sales growth 3Years 25.2 % great momentum achieve recently . keep eye on chart. debt free company. every quarter FII AND DII increase hold. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
BSE:CARTRADELong
by Momentuminvesting5540
Maruti - Range BreakoutCMP 12620 o 20.09.24 The stock has been traveling in a rising wedge pattern since March. In the last few days, it has been consolidating within a particular range. Today showing a breakout of that range. If momentum continues may go to 13050/13300/13700. As far as it seems above 12570. Setup remains active. One should wisely choose the position size and exit levels while considering risk-management. This illustration is only own view for learning and sharing purposes, it is not a trading advice in any form. All the best.
NSE:MARUTILong
by anandlive
5
Electrosteel: The Dark Horse in the Ductile Iron Pipe Industry!Summary ● Electrosteel Castings Limited (ECL) is a prominent Indian company specializing in ductile iron (DI) pipes, fittings, and cast iron (CI) pipes. With a market cap of ₹13,640 Cr, ECL generates 88% of its revenue from India, holding a 28% domestic market share. ● Over the last 3 years, ECL recorded a 29% sales CAGR and 97% profit growth. Its current PE ratio of 15.3 is below the industry average, suggesting undervaluation. ● ECL plans to boost DI pipe capacity to 1 million tons by FY26. The ductile iron pipes industry is poised for growth due to urbanization and government initiatives. ● With its strong market position and robust financials, ECL is well-positioned to capitalize on this opportunity and deliver shareholder value. Investment Advice by Goodluck Capital Buy Electrosteel Casting NSE:ELECTCAST ● Best Buy Range - 210 - 220 ● Target - 275 - 280 ● Potential Return - 28 - 30% ● Approx holding period 8 - 12 months Company Overview Electrosteel Castings Limited produces and supplies ductile iron (DI) pipes, fittings, and accessories, as well as cast iron (CI) pipes, both in India and globally. Their DI pipes and fittings are used in various applications such as water transmission, potable water distribution, industrial water supply, ash-slurry systems, fire-fighting systems, desalination, sewerage, stormwater drainage, and recycling. They also offer ductile iron flange pipes for temporary installations and restrained joint pipes. Additionally, the company supplies metallurgical coke, sinter, sponge iron, ferro silicon, pig iron, and silico manganese ferro alloy, along with cement branded as SPL GOLD. Originally named Dalmia Iron and Steel Ltd, the company was established in 1955 and is headquartered in Kolkata, India. Market Capitalization - ₹ 13,640 Cr. Peer Companies ● Jindal Saw NSE:JINDALSAW - ₹ 22,576 Cr. ● Jai Balaji Industries NSE:JAIBALAJI - ₹ 19,682 Cr. ● Welspun Corp. NSE:WELCORP - ₹ 18,092 Cr. Technical Aspects ● In January 2008, the stock reached an impressive peak of ₹71 but subsequently faced a significant decline. ● The price eventually stabilized around ₹8, leading to an extended period of consolidation. ● During this time, a Rectangle pattern, often referred to as the Darvas Box pattern, took shape. ● After breaking out of this pattern in May 2023, the stock price surged past its previous strong resistance level in October 2023. ● Since then, the stock has maintained its upward momentum and is currently trading just shy of its historical high of ₹226. ● Expectations are high that this momentum will sustain and lead the stock to reach new peaks in the near future. Relative Strength ● The chart clearly illustrates that Electrosteel Castings has greatly outperformed the Nifty Smallcap 250 index, boasting an impressive annual return of 219%, which is truly an outstanding achievement. Revenue Break-up ● Product wise break-up ➖ The primary source of the company's revenue comes from the production of Ductile Iron pipes and fittings, which alone makes up about 86% of its total income. Additionally, the company manufactures Cast Iron pipes, contributing roughly 2.8% to the overall revenue. ● Location wise break-up ➖ The company generates nearly 88% of its revenue from India, where it holds a 28% share of the domestic market. The remaining 12% of its income is sourced from international markets. Revenue & Profit Analysis ● Over the last three years, this stock has recorded an impressive compounded annual growth rate (CAGR) of 29% in sales. Additionally, the total profit growth during this period has been remarkable, achieving a staggering 97% CAGR. ● Furthermore, the company has successfully maintained an operating profit margin of 16%, a notable increase from 10% in FY24. ● For the fiscal year 2024, earnings per share (EPS) have surged from 5.31 in fiscal year 2023 to an impressive 11.97. Currently, the EPS for the past twelve months is at 14.69. ● A closer look at the quarterly results shows that the company reached a record high in quarterly sales, reporting 2,012 crore in June, up from 2,004 crore in the March quarter. This figure significantly exceeds last year's June quarter sales of 1,685 crore. Product Demand Analysis ● Inventory Turnover Ratio ➖ Current Inventory Turnover - 1.82 ➖ Inventory Turnover 3 years ago - 1.70 ➖ These figures indicate that product demand has risen over the past three years. Valuation ● P/E Ratio ➖ The company's current price-to-earnings (PE) ratio is 15.3, which is below its one-year median PE of 15.8. Compared to the industry average PE of 36.76, this suggests that the stock is significantly undervalued at present. ● P/B Ratio ➖ The stock seems to be undervalued, with a price-to-book (PB) ratio of 2.67, particularly when compared with the industry average PB ratio of 5.52. ● Intrinsic Value ➖ Electrosteel Castings is presently priced at ₹220, which is significantly below its intrinsic value of ₹258, suggesting that the stock is currently undervalued. ● Peg Ratio ➖ A PEG ratio of 0.47 suggests that the stock is undervalued relative to its expected earnings growth. Cash Flow Analysis ● The operating cash flow has experienced an impressive leap, climbing to 806 crore from 452 crore in FY23. This remarkable growth highlights the company's robust financial health. Furthermore, the current CFO/PAT ratio stands at 0.9 of its five-year average, reflecting the company's exceptional capability in turning profits into cash efficiently. Debt Analysis ➖ The company's existing debt stands at Rs. 2,332 crore, a figure that is notably low when juxtaposed with its market capitalization of Rs. 13,655 crore. ➖ With a debt-to-equity ratio of merely 0.46, it is clear that the debt burden is manageable for a capital-intensive enterprise, allowing the company ample room to pursue further financing if required. ➖ Examining the balance sheet shows a remarkable decrease in debt, which has fallen from Rs. 2,667 crore last year to the present Rs. 2,332 crore. Capex Plans ➖ The ongoing capital expenditure stands at around ₹700 crores and is on track, with ₹410 crores already utilized by the end of Q1 FY25. ➖ There are ambitious plans to boost the total manufacturing capacity of DI pipes to 1 million tons by FY26. ➖ Additionally, land is being acquired in Odisha for a new Greenfield project focused on DI pipes and fittings. Shareholding Pattern ➖ The promoters currently hold about 46.22% of the company, up from 44.08% in December 2023, indicating growth during the March quarter. ➖ Foreign Institutional Investors (FIIs) have been consistently increasing their stakes, with total holdings reaching 21.16% as of June 2024, a significant rise from 14.93% in June 2023. On a quarter-to-quarter basis, ➖ Domestic Institutional Investors (DIIs) have raised their holdings to 0.44% from 0.36% in the March quarter; however, this represents a notable decline from the 1.68% recorded in the same period last year. Ductile Iron Pipes Industry Outlook ● Advantages of choosing DI pipes over PVC pipes ➖ According to the analysis of the ductile iron pipes market in India, these pipes are made up of approximately 90% recycled materials and are fully recyclable. ➖ Additionally, using ductile iron pipes instead of PVC can lead to an energy consumption reduction of around 40%. ● Ductile Iron Pipes Market Growth ➖ Ductile iron pipes play a crucial role in public infrastructure, serving irrigation, drinking water distribution, sewage, and wastewater systems. ➖ With India's economic growth, the rise of smart cities and projects like Bharatmala Priyojana and the Narmada Valley Development Project is driving the demand for extensive pipeline networks, boosting the ductile iron pipes market. ➖ Factors such as increasing urbanization and government initiatives like Jal Jeevan Mission, AMRUT, and Smart City Mission, focused on delivering drinking water to households, are further fueling this demand. Conclusion ● After thoroughly examining both the technical and fundamental factors, we have concluded that Electrosteel Castings is well-positioned for substantial growth, driven by the increasing market demand for ductile iron pipes, which is likely to positively impact its share price as well.
NSE:ELECTCASTLong
by GoodluckCapital
4
LTTS - Keep On RadarCMP 5622 on 07.09..24 The stock price has formed a Cup & Handle pattern in the last more than 2 years. The breakout level is around 6000. At the moment of retracement, it may come down to 5450 to 5250. If the price is above the 54200 level, this setup has relevance. It goes weak if the price sustains below 54200. Always keep your risk management in control, and the position sizing too. Projected targets are indicated on the charts. This illustration is only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:LTTSLong
by anandlive
7
Kotak Support zone buy in cheap price 1st Entry: 1400 2nd SIP : 1200 3rd SIP : 1000 Emergency tip : You should not buy to the dip. If 1000 level broken 💔 . It may crash tho. Description with Logic :- Kotak Mahindra bank is a very good company. With fundamental and price behaviour combined analysis described it as Uptrend Rally and it has to be retracted (when in downtrend in future time) to support level 1400 and 1200 and 1000 . You may SIP while market will going down. Today the Cmp of stock is 1700 approx , it may reduce atleast 30% that is 1200 or lower. To prevent BUBBLE MARKET .
NSE:KOTAKBANKLong
by GaganParida
Greenply vs Greenpanel: A Clash of Plywood and MDF Giants!About Companies Greenply Industries NSE:GREENPLY is a prominent player in the plywood industry, dedicated to the production and trade of plywood and its associated products. Their extensive range features plywood, block board, wood flooring, medium density fiberboard, flush doors, and decorative veneers. Founded in 1984 by Shiv Prakash Mittal, the company operates out of Kolkata, India. In 2018, Greenpanel Industries NSE:GREENPANEL emerged as a separate entity from Greenply Industries, concentrating on the manufacturing of MDF boards and related products. Their product lineup includes wood flooring, veneers, flush doors, and more. Market Capitalization ● Greenply Industries - ₹ 4,751 Cr. ● Greenpanel Industries - ₹ 4,849 Cr. Technical Aspects Greenply ● The monthly chart reveals that the stock price encountered significant resistance around the 340 mark, resulting in a sharp decline that brought it down to the 70 level, where it found support. ● After an extented phase of consolidation, the stock formed a Double Bottom pattern. ● Once this pattern broke out, the price surged upward, and nearly 6.5 years later, in July 2024, the stock successfully broke through the previous resistance zone. ● Having maintained its position above this breakout level, the stock price is poised for further gains. Greenpanel ● After reaching a remarkable high close to 625, the stock faced a considerable downturn. ● It later found a solid support at the 260 level, which set the stage for its recovery. ● Nevertheless, the stock ran into resistance around the 430 mark, caused another retreat to the previous support zone. ● Currently, with a fresh upward trend, the price exhibits significant growth potential. Revenue Breakdown ● Greenply Industries generates a remarkable 77.4% of its total revenue from plywood and associated products, establishing itself as a dominant player with a 26% market share in the domestic plywood sector. ● In contrast, Greenpanel Industries focuses heavily on MDF boards, which make up an astounding 91% of its total sales, securing a 21% market share in the domestic MDF industry. Sales & Profit Analysis ● Greenply ➖ In the last three years, this company has experienced an impressive compounded annual growth rate of 23% in sales. ➖ However, profit growth has been modest, increased by only 3% during the same period. ➖ The company currently holds an operating profit margin of 9%, which is deemed acceptable. ➖ In the fiscal year 2024, earnings per share have dropped to 5.44, down from 7.44 in FY2023. ● Greenpanel ➖ Over the past three years, this company has achieved a compounded annual growth rate of 15% in sales. ➖ In contrast, profit growth has been exceptional, soaring at a 26% CAGR during the same period. ➖ Currently, the company boasts an operating profit margin of 16%, a noteworthy figure. ➖ However, in fiscal year 2024, earnings per share have declined to 11.64, down from 20.92 in FY2023. Valuation ● P/E Ratio ➖ Greenply Industries currently has a price-to-earnings (PE) ratio of 48.75, which is marginally above its 1-year median PE of 48.1, yet it aligns closely with the industry average PE of 48.75. ➖ On the other hand, Greenpanel Industries shows a current PE of 33.94, indicating it may be overvalued relative to its 1-year median PE of 25.2, but it appears undervalued when compared to the industry PE of 48.75. ● P/B Ratio ➖ Greenply has a PB ratio of 6.69, suggesting it is considerably overvalued. ➖ However, Greenpanel Industries has a PB ratio of 3.68, which, although somewhat high, does not indicate overvaluation. ● Intrinsic Value ● Greenply is presently valued at ₹984, a figure that is approximately 2.4 times its intrinsic worth of ₹158. This suggests that the stock is currently overvalued. ● Conversely, Greenpanel has a market price of ₹395, roughly 1.5 times its intrinsic value of ₹259, which similarly indicates that this stock is also overvalued at this time. Product Demand analysis (Plywood vs MDF) ● Greenply presently has an inventory turnover ratio of 4.2, an improvement from 3.96 three years ago. ● In comparison, Greenpanel Industries shines with a current inventory turnover ratio of 5.08, a substantial increase from 3.71 three years earlier. ● These figures clearly indicate a rising demand for MDF products, highlighting a promising trend in the market. Company Capex ● Greenply has significantly reduced its capital expenditure, slashing it to 123 crore from last year's 412 crore, indicating a lack of a robust capex program. ● In contrast, Greenpanel has made a remarkable leap in its capital investments, raising its capex to 344 crore from just 80 crore in the previous financial year. Debt Analysis ● Greenpanel Industries stands strong with a manageable debt of 296 crores and a favorable debt to equity ratio of 0.22, indicating that debt is not a concern for the company. With an impressive interest coverage ratio of 16, Greenpanel is well-equipped to handle its loan repayments without any issues. ● Other side, Greenply Industries carries a higher debt burden of 549 crores, reflected in a debt to equity ratio of 0.77. With an interest coverage ratio of only 3.33, the company may face challenges in meeting its loan repayment obligations. Cashflow Analysis ● Greenply has experienced an impressive increase in its operating cash flow, jumping to 111 crore from a mere 62 crore in FY23. ● Greenpanel Industries has struggled to convert its profits into cash, with its operating cash flow declined significantly to 135 crore from 337 crore in FY2023. Shareholding Pattern ● Greenply ➖ Foreign Institutional Investors (FIIs) are dramatically raising their investments. In the latest June quarter, their stake has surged to 4.91%, a notable increase from just 2.15% in June 2023. ➖ Meanwhile, Domestic Institutional Investors (DIIs) currently hold 30.33% as of the June quarter, down from 32.41% last year. ● Greenpanel ➖ Foreign Institutional Investors (FIIs) are consistently divesting their positions in this stock, with their current ownership now at a mere 2.12%, a significant drop from 4.3% a year ago ➖ In contrast, Domestic Institutional Investors (DIIs) are steadily boosting their investments, with their current stake rising to 26.71%, up from 21.60% in June 2023. Some Important Facts ● Shifting Demand From Plywood to MDF ➖ Worldwide, the consumption ratio of MDF to plywood stands at 80:20; however, in India, this ratio is notably reversed, with plywood dominating at 20:80 as of 2022. ➖ Industry experts predict that by 2030, this ratio in India will shift to an even 50:50. ➖ This shift indicates significant growth opportunities for the MDF sector in India, particularly as it is poised to capture a larger share of the low and medium-grade plywood market, which currently makes up 85% of the plywood industry in the country. MDF Industry Growth Drivers ● Growth of Online Home Décor Platforms ➖ The growth of online home décor platforms like Pepper Fry, Fab Furbish, and Urban Ladder has increased the need for ready-to-assemble (RTA) furniture, impacting the MDF industry directly. ● Reduction in Furniture Cycle Time ➖ The increasing popularity of stylish, comfortable furniture crafted from MDF has significantly reduced the home renovation timeline, slashing it from the previous 15 to 20 years down to just 7 to 8 years. ● Cost Advantage Over Plywood ➖ MDF is much cheaper than plywood because it is made from leftover wood materials, both hardwood and softwood. Conclusion ➖ After examining all the factors, it appears that the MDF industry is poised for significant growth in the near future, outpacing the Plywood sector. As a result, companies such as Greenpanel Industries are likely to reap substantial benefits, which will have a direct positive effect on their share prices.
NSE:GREENPANELLong
by GoodluckCapital
2
Bodalchem - Darvas Box Pattern The stock has formed DARVAS BOX on the DAILY chart wait for Breakout. View is valid till the stock first gives Breakout above buy level, please ignore if stock goes below the stoploss before Breakout given One can enter above 88 with a strict Stoploss of 76 Target 1 - 98 Target 2 - 108 Target 3 - 118 #SWING TRADE What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:BODALCHEMLong
by JJJ-555
IOC - Flag and Pole Pattern - Swing TradeThe stock has formed flag & pole pattern on the weekly chart. One can enter above 186 with a strict Stoploss of 163 Target 1 - 220 Target 2 - 240 Target 3 - 269 #SWING / LONGTERM TRADE #FUNDAMENTALLY STRONG STOCK What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:IOCLong
by JJJ-555
PVR - Positional Long SetupCMP 1349.30 The stock is showing reversal signs in the last few sessions. The logics are indicated on the charts. MACD is also showing reversal signs even on weekly charts. Above all, the risk-reward is pretty good at this point. If gains momentum over 1350, targets may be 1460/1550/1640. If sustains below 1300, that will show weakness on the charts. One has to plan an exit according to risk management. Only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:PVRINOXLong
by anandlive
Federal Bank vs Karur Vysya Bank: Which is the bettr investment?The Bank Nifty NSE:BANKNIFTY stands at the 50,500 level, reflecting a decline of approximately 5.3% from its all-time high. When evaluating private banks, HDFC NSE:HDFCBANK , Axis NSE:AXISBANK , ICICI NSE:ICICIBANK , and Kotak Mahindra NSE:KOTAKBANK typically emerge as top contenders for investment. However, in the mid to small-cap arena, Federal Bank and Karur Vysya Bank have shown remarkable resilience and performance over the past few months, outpacing the broader banking sector. Let’s delve into some crucial factors that can guide us in determining the most promising investment opportunity at this moment! Market Capitalization ● Federal Bank NSE:FEDERALBNK - ₹ 49,883 Cr. ● Karur Vysya Bank NSE:KARURVYSYA - ₹ 17,459 Cr. Relative Strength ● The chart clearly illustrates that the Bank Nifty has delivered an impressive return on investment of approximately 15% over the past year. However, Federal Bank and Karur Vysya Bank have far surpassed this figure, achieving remarkable returns of around 54% and 82%, respectively. This indicates that these two banks are currently excelling far beyond the overall bank index. Cost of Liabilities ● The liabilities cost for Karur Vysya Bank is at 4.8%, notably lower than Federal Bank's 5.14%. This indicates that Karur Vysya Bank has a greater ability to secure funds compared to Federal Bank. CASA Ratio ● The CASA ratio, which measures the proportion of deposits in current and savings accounts to total deposits, is a crucial indicator for banks. A higher CASA ratio signifies a reduced cost of funds, as banks typically do not pay interest on current account deposits, and the interest rates on savings accounts are generally quite low, around 3-4%. ● In this instance, the CASA ratios stand at 30.39% for Karur Vysya Bank and 29.56% for Federal Bank, highlighting Karur Vysya Bank's superior position over Federal Bank. Non-performing Asset (NPA) Analysis ● Over the past four years, the net non-performing assets (NPA) for these two banks have seen a remarkable decline. ● In the latest quarter, Karur Vysya Bank reports a net NPA of just 0.4, while Federal Bank follows closely with a net NPA of 0.6. Total Provisions ● Discussing the NPA without considering the overall provisions presents an incomplete picture. Both banks have experienced a notable decline in this crucial factor. ● For Federal Bank, the total provisioning for FY24 is only 196 crore, a stark reduction from 750 crore in FY23. Similarly, Karur Vysya Bank's total provisioning for FY24 stands at 728 crore, down from 1,039 crore in FY23. Net Interest Margins (NIM) ● Karur Vysya Bank boasts a superior net interest margin (NIM) of 3.75, significantly outpacing the Federal Bank's NIM of 2.87. ● A NIM below 3 is generally viewed as unfavorable for banks. highlighting the strength of Karur Vysya Bank in this key metric. Advances Growth (%) Analysis ● An increase in advances growth signifies a bank's ability to efficiently provide loans. The 20.4% rise in advances for Federal Bank surpasses the 16.68% growth seen at Karur Vysya Bank, showcasing a more robust lending capability. Valuation ● PE Ratio ➖Federal Bank's current price-to-earnings (PE) ratio is 12.4, which exceeds its 1-year median PE of 9.0. Compared to the industry average PE of 11.83, this suggests that the stock is not excessively overvalued. ➖On the other hand, Karur Vysya Bank has a current PE of 10.2, which is marginally above its 1-year median PE of 9.8. Given the industry PE of 11.83, this indicates that Karur Vysya Bank is significantly undervalued. ➖When analyzing the PE ratios, it becomes clear that Karur Vysya Bank holds a more advantageous position. ● Intrinsic Value ➖The Federal Bank is currently trading at ₹204, while its intrinsic value stands at ₹228, indicating that the stock is undeniably undervalued at this time. ➖On the other hand, Karur Vysya Bank's market price is ₹217, but with an intrinsic value of only ₹146, it clearly shows that the stock is currently overvalued. Technical Aspects ● From a technical standpoint, both stocks exhibit a similar pattern and appear to be currently overextended. Any pullbacks could provide a valuable opportunity to take positions. Conclusion ● Upon evaluating all the key factors, it is evident that Karur Vysya Bank NSE:KARURVYSYA is in a more advantageous position than Federal Bank NSE:FEDERALBNK ; however, this does not imply that Federal Bank is struggling. Both banks offer promising investment prospects. As the economy grows, a fundamentally strong bank is expected to consistently surpass the overall banking sector.
NSE:FEDERALBNK
by GoodluckCapital
3
Bajaj Finance - An AnalysisThe stock has been traveling into a rising wedge pattern for the last 2 years. Presently near the lower edge of the wedge. Reversed from the support on a red trendline many times. If reversed from here, may go into a bullish phase. If breaks the red line support ( around 6500) may come to the lower edge of the rising wedge pattern (around 6200). Analyze according to your own setups. Act wisely and patiently. The Above illustration is only my own view, only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:BAJFINANCE
by anandlive
Welspun Corp could excel in your Investment PortfolioInvestment Advice by Gooodluck Capital (SEBI Registered) Buy Welspun Corp NSE:WELCORP ● Buy Range (1) - CMP (current market price) ● Buy Range (2) - 660 - 665 ● Buy Range (3) - 620 - 630 ● Target - 960 - 970 ● Stoploss - below 500 ● Potential Return - 50 - 52% --------------------------------------- Approx investment period 18 - 24 months Company Overview Welspun Corp Limited manufactures and sells steel pipes, coatings, plates, and coils in the US, Europe, Saudi Arabia, and India. The company offers helically, longitudinally, and electric resistance welded pipes, pig iron and ductile iron pipes, billets, thermo mechanically treated rebars, stainless steel pipes, tubes, and bars. Its products are used in various industries, including oil, gas, water transmission, infrastructure, and defense. The company was incorporated in 1995 and is based in Mumbai, India. Sector - Iron & Steel Technical Analysis (1) In January 2008, the stock faced significant resistance around the 500 level, leading to a substantial price correction. (2) Over time, it established a support base near the 45 level, from which it began to rebound, climbing back towards the 300 level. (3) However, the stock struggled to break past the 300 threshold and eventually retreated to its former support. (4) Following this, it entered an extended phase of consolidation until it finally broke through the 300 level in July 2023. (5) This pivotal moment propelled the stock into strong upward momentum, culminating in a multi-year breakout at the 500 mark after nearly 16 years. (6) Subsequently, the stock not only maintained this breakout level but has also begun to steadily rise. Entry, Target & Stop-loss ● Entry with Capital allocation strategy (1) consider adding 40% of your desired quantity at the current market price. (2) The second buying opportunity will be in the 660-665 range, where you can also add another 40% of your quantity. (3) If the price dips to the 620-630 range, that will present the best buying opportunity. Make sure to reserve 20% of your quantity to take advantage of this level. ● Target Chart analysis indicates a promising upside potential of above 50% for this stock from the current level, with a target around the 960 to 970. There is also a strong likelihood that the stock could exceed this target. ● Stoploss It is crucial to implement a strict stop-loss below the 500 level, as we anticipate that the stock may encounter challenges if it drops to this point. Fundamental Analysis ● Stock Valuation ● (1) Intrinsic Value ➖ The current price-to-earnings ratio for the stock is 14.5. ➖ The median price-to-earnings ratio for the stock over the past year stands at 15.4, while the earnings per share for the trailing twelve months is 45.55. ➖ This leads us to calculate the intrinsic value of the stock as follows: 15.4 * 45.55 is equals to 701.47. ➖ With the current market price hovering around 695, which is below the intrinsic value of 701, it clearly indicates that the stock is considerably undervalued right now. (2) P/B Ratio The present PB ratio for this stock stands at 3.06, indicating a slightly high valuation but not reaching overvalued territory. ● Debt Analysis ● (1) The company's current debt is Rs. 1,949 crore, which is quite minimal compared to its market capitalization of Rs. 17,249 crore. (2) With a debt-to-equity ratio of just 0.35, it’s evident that the debt level is relatively low for this type of capital-intensive business, providing the company with the flexibility to secure additional funding as needed. (3) A glance at the balance sheet reveals a significant reduction in debt, dropping from Rs. 3,381 crore last year to the current Rs. 1,949 crore. ● Revenue Break-up ● (1) Product wise break-up The company generates its revenue through three primary product categories: ➖ HSAW Pipe, which accounts for approximately 76% of the total revenue, ➖ LSAW Pipe, contributing close to 15% of the total revenue, ➖ ERW Pipe, responsible for about 8% of the total revenue. (2) Location wise break-up The company derives approximately 54% of its revenue from India. Additionally, Welspun Corp. operates facilities in the USA and Saudi Arabia, contributing around 8.6% and 34.2% to its overall revenue, respectively. ● Profit & Loss Analysis ● (1) Over the past three years, this stock has achieved an outstanding compounded annual growth rate of 34% in sales. (2) The cumulative profit increase over the past three years has been an impressive 21%, indicating a strong upward trend. (3) The profit margin has seen a significant boost, rising to 9% from 5% YoY. For the fiscal year 2024, the growth in earnings per share is striking, skyrocketing to 42.41 from 7.90 in fiscal year 2023. ● Cash Flow Analysis ● Operating cash flow has seen a remarkable surge, soaring to 1,306 crore from a negative 185 crore in FY23. ● Shareholding Pattern ● (1) As of the June 2024 quarter, the promoters own a notable 50.03% stake in the company. (2) Goldman Sachs possesses a notable 10.51% share in the company, reflecting a slight decline from 10.70% in March 2024. (3) Domestic Institutional Investors (DIIs) have reduced their stakes since the previous quarter, yet they still hold over 9%, which remains quite significant. ● Conclusion ● The steel industry in India is set for expansion, bolstered by new government initiatives. Lower import duties on essential raw materials, combined with heightened public investment in infrastructure and housing, are anticipated to greatly enhance the sector's performance. Therefore, we are excited to see how Welspun Corp will thrive in the near future.
NSE:WELCORPLong
by GoodluckCapital
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