LSIL - Lloyds Steels🔹 Technicals:
▸ Large base breakout supported by high volumes
▸ 250% up move from March bottom to the recent top
▸ Currently, it's taking a pause and pulling back to 20, 50 EMA.
▸ There are 2 zones of interest for buying - first near the 20, 50 EMAs, and second near the demand zone at 33-36.
▸ Good chances of moving towards 60 and higher in the mid-term.
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
Llyod
Llyod steel LSIL- Study & ForecastGood evening amazing audience,
As we can see through the chart LSIL has given us an amazing breakout on weekly chart, It is currently retesting the breakout and finding buyers
Possible reach are provided on the chart which may be seen in coming months. Buying between 18.50 - 19.00RS is the best zone to step into this.
Market Cap
₹ 1,928 Cr.
Current Price
₹ 19.4
High / Low
₹ 25.4 / 8.15
Stock P/E
56.4
Book Value
₹ 1.76
Dividend Yield
0.26 %
ROCE
9.96 %
ROE
5.11 %
Face Value
₹ 1.00
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 41.5% CAGR over last 5 years
CONS
Stock is trading at 11.0 times its book value
The company has delivered a poor sales growth of -8.03% over past five years.
Company has a low return on equity of 2.63% over last 3 years.
Working capital days have increased from 485 days to 790 days
NOTE - This is just an educational post for study purpose investors are advised to get in touch with their financial advisor before investing into any stocks
