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Rounding Bottom Pattern Breakout and Retest Seen in ABSLAMCHello Everyone i hope you all will be doing good in your life and your trading as well. I have brought a stock which has given a breakout of ROUNDING BOTTOM PATTERN later we have seen pull back pattern as well, Now stock has given good pullback from it's breakout zone with huge volume spike,. Stock is ready to fly in blue sky. Think for long term only. stock is just trading near to IPO price. India’s Leading AMC ABSBL is one of the largest non-bank affiliated AMC in India managing AUM of ₹6002 bn under its suite of mutual funds, portfolio management services, offshore and real estate offerings. PAN India presence:- Co. has the largest impanelled distribution network covering 290+ locations with 300+ national distributors and 76,300 Mutual Fund distributors covering 19,000+ Pan-India pin codes. Market Cap ₹ 22,463 Cr. Current Price ₹ 779 High / Low ₹ 804 / 423 Stock P/E 27.0 Book Value ₹ 110 Dividend Yield 1.73 % ROCE 34.9 % ROE 27.4 % Face Value ₹ 5.00 Industry PE 23.9 Debt ₹ 79.1 Cr. EPS ₹ 28.9 Promoter holding 75.0 % Intrinsic Value ₹ 363 Pledged percentage 0.00 % EVEBITDA 20.1 Change in Prom Hold -0.05 % Profit Var 5Yrs 11.8 % Sales growth 5Years 3.05 % Return over 5years % Debt to equity 0.02 Net profit ₹ 832 Cr. ROE 5Yr 30.9 % Profit growth 22.6 % Earnings yield 4.80 % PEG Ratio 2.29 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:ABSLAMCLong
by TraderRahulPal
LONG TERM INVESTMENT PICK - BANDHAN BANK - READY TO TAKE OFF ?SYMBOL - BANDHANBNK Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking. This company is fundamentally good. having 32,800 cr. market cap, Bandhan Bank is currently trading 11 P/E. This stock is in a downtrend since a long time. Currently trading at 200 which is a long term strong demand zone. Long positions can be made at CMP 200 with stoploss of 170. I believe this stock can be next multibagger & this is a great investment pick at current levels. Targets can be 600 & 700 which is ATH & beyond. Disclaimer - I have invested my investment allocation today. Do not consider this as buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
NSE:BANDHANBNKLong
by akshit_official
3
AUBANK - LONG TERM INVESTMENT CANDIDATE ?AU Small Finance Bank Limited is engaged in providing a range of banking and financial services including retail banking, wholesale banking, treasury operations and other services. CMP - 565 AUBANK is currently trading in a support zone & looking good for long term investing perspective. I am allocating my investment allocation at CMP. Targets I'm expecting are 785 & 850 which is 40-48% upside from current level. My SL would be 500. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
NSE:AUBANKLong
by akshit_official
State Bank Of India Support on 200 EMA | Swing Trade SBIN Stock Support on 200 EMA RSI above 40 (Long Term price Support at 730 if you are long term investor that you enter 50 % Near 780 or 50% add amount Near 730) SL 720 TG 885 Short term trader enter @785/775 SL 760, TG 825/885 Disclaimer :- : I am just share my personal view as a trader. : Everything I discuss is for educational purpose only. : Please consult your financial adviser before taking any decision. : Trading in Equity market involves risk. : I am not responsible for any losses incurred by following this chart.
NSE:SBINLong
by Titu8727
Digital Technologies Co. Stock given Breakout with huge VolumeHello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a stock which has given a breakout of symmetrical triangle pattern with huge volume spike , generally whenver you see huge volume on the same day of breakout you can consider that as a healty breakout of that perticular company. Stock name Datamatics global services Ltd, and it is a Digital Technologies, Digital Operations, and Digital Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage. Datamatics enables enterprises to combine various relevant Digital Technologies to improve productivity and customer experience to build sustainable competitive advantage. Technically stock has given breakout of symmetrical triangle pattern and stock is sustaining above to breakout levels and currently it is above to 200-DEMA , which is a good sign of bullish reversal. MACD also suggesting a bullish crossover. Note:- I have not placed MACD & 200-DEMA on chart to make chart crytal clear. Fundamentally stock is really awesome, companies management is very good, they understand the business very well, as there is too much competitions in their business but still they are surviving like a leader in sector. It is really a good bet for long term as welll as short term . if you are planning to invest for long term, then i will suggest you to go and start SIP in this. For short term to medium term targets and stop loss, i already have mention on chart above. Please follow stricly. Market Cap ₹ 4,088 Cr. Current Price ₹ 693 High / Low ₹ 792 / 450 Stock P/E 21.7 Book Value ₹ 208 Dividend Yield 0.72 % ROCE 21.2 % ROE 16.6 % Face Value ₹ 5.00 Industry PE 40.7 Debt ₹ 17.4 Cr. EPS ₹ 31.6 Promoter holding 66.4 % Intrinsic Value ₹ 382 Pledged percentage 0.00 % EVEBITDA 14.3 Change in Prom Hold 0.00 % Profit Var 5Yrs 20.8 % Sales growth 5Years 6.46 % Return over 5years 57.3 % Debt to equity 0.01 Net profit ₹ 186 Cr. ROE 5Yr 15.6 % Profit growth -4.54 % Earnings yield 6.08 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:DATAMATICSLong
by TraderRahulPal
17
MEDI ASSIST HEALTH SERVICESMedi Assist Healthcare Services Limited is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies. Company provides third-party administration (TPA) services to insurance companies through its wholly-owned Subsidiaries, Medi Assist TPA, Medvantage TPA, and Raksha TPA. A third-party administrator is an organization that processes health insurance claims for insurance companies and provides services such as policy administration, customer service, and network management, among others. As of 2023, company collaborated with 35 insurance companies in India and globally. In FY23, company managed a CAGR of 35.67%. The group accounts portfolio as a percentage of revenue from contracts with customers was 72.19% and the retail portfolio was 10.98%. Company also acts as a facilitator between (a) insurance companies and their policyholders, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. Company serviced over 9500 group accounts across sectors to help administer the insurance requirements of their employees. It held a significant share of the total health insurance market for group accounts, representing 26.39% of India’s overall group health insurance market in FY23. Company also services individual insurance policyholders, and for FY23 it managed Rs 17.57 billion of premiums for the retail health insurance market, representing 5.06% of the overall retail health insurance market in India. In H1FY24, company helped settle 3.05 million claims, comprising 1.37 million in-patient claims and 1.68 million domiciliary or out-patient claims. Medi assist also facilitates other healthcare and ancillary services such as hospitalization services, call center services, customer relations and contract management services, billing services, and claims processing services through its Company and other Subsidiaries, IHMS, Mayfair India, Mayfair UK, Mayfair Group Holding, Mayfair Philippines, and Mayfair Singapore. Company has developed a pan-India healthcare provider network, which comprises 18,754 hospitals across 1,069 cities and towns and 31 states (including union territories) in India and a network across 141 countries globally, as of 2023. Company intends to pursue acquisition opportunities to expand its existing service offerings, increase market share in existing markets, and expand to new geographies. In the last eight years, company has completed several acquisitions, including the acquisition of Dedicated Healthcare Services TPA (India), Medicare Insurance TPA Services (India), IHMS, Mayfair India, Medvantage TPA, and Raksha Health Insurance TPA. Financial Performance: - Total premiums under management administered by the company was at Rs. 19,050 crores as of March 31, 2024, showing a growth of 30.7% over the previous year. - Group segment fund was Rs. 16,709 crores, with a growth of 30.4% year-on-year. - Retail segment stood at Rs. 2,341 crores, showing a growth of 33.2% year-on-year. - Company's share of the total health insurance industry premium was at 19.6%, with a growth of 186 basis points over the previous year. Operational Highlights: - Maintained group account retention at 94.7%. - Processed 3.6 million outpatient claims in the last year. - Won an award for "Best use of AI in Healthcare" for the Fraud Detection Engine. - Continuing to invest in preventing fraud, waste, and abuse in the system. - Building a team of data scientists for better data security and analytics. Financials: - Total income for the quarter ended March 31, 2024, was Rs. 171 crores, showing a growth of 23% year-on-year. - EBITDA for the quarter was INR 37 crores, with a margin of 22% on operating revenue. - Profit after tax stood at Rs. 25 crores, showing a growth of 50% year-on-year. - Total income for the year ended March 2024 was Rs. 653 crores, with a growth of 26% over the previous year. - EBITDA for the year was Rs. 133 crores, with a margin of 21% on the operating revenue. - Profit for the period, adjusting for exceptional items, was Rs. 92 crores, showing a growth of 22% year-on-year. Technology and Investment: - Investing around 3-4% of revenues every year in technology. Total investment in the platform and capitalization as of March 31, 2024, was Rs. 10 crores. - Investing in a platform for the UK, with an expected cost of around 8 crores. Future Outlook: - Expecting to bring the acquisitions to the company's margin profile in the next 2-3 quarters. - Focused on enhancing insurer relationships and expanding benefits in the retail segment. - Cashless facility being expanded to non-network hospitals for emergency access. - Strong emphasis on technology for service delivery and customer retention. Challenges and Opportunities: - Opportunities seen in expanding the retail market share and leveraging technology for growth. - Optimistic outlook expressed by the management regarding future prospects and growth potential.
NSE:MEDIASSISTLong
by CannySunny
Symmetrical Triangle Pattern Breakout seen in Rossari BiotechHello Everyone, i have brought a stock which has given breakout of symmetrical triangle pattern and price is sustaining above the breakout price, stock name is Rossari Biotech Ltd, and it was started in 2003. They are among the largest manufacturers of textile specialty chemicals in India. Their 3 main product categories are:- - Home, personal care, and performance chemicals - Textile specialty chemical - Animal health and nutrition The company has two R&D facilities , one at Silvassa manufacturing facility and a research lab at IIT Bombay. We know chemical sector is not performing well from long back, but prices are suggesting in many chemical stocks that, we can see rally very soon. Well best time to enter in any sector or stock is only when there is fear in sector or market. So this can be right time to enter and accumulate as much as possible in down levels, we might never gonna to see these prices again. Stock is trading almost 50% discount from all time all time highs. If someone is thinking to take and hold for long term, then i think right choice dude. Company Overview Rossari Biotech is a Specialty-Chemicals manufacturer offering solutions for Home, Personal Care and Performance chemicals (HPPC), Textile specialty chemicals (TSC) and Animal Health and Nutrition (AHN). It offers a total of 4220+ products catering to an array of applications across FMCG, Home care, Industrial Cleaning, Personal Care, Textile, Performance Chemicals, Animal Health and Nutrition and Pet Care businesses. Market Cap ₹ 4,467 Cr. Current Price ₹ 809 High / Low ₹ 904 / 657 Stock P/E 34.2 Book Value ₹ 190 Dividend Yield 0.07 % ROCE 18.3 % ROE 13.3 % Face Value ₹ 2.00 Industry PE 38.6 Debt ₹ 119 Cr. EPS ₹ 23.7 Promoter holding 68.3 % Intrinsic Value ₹ 590 Pledged percentage 0.00 % EVEBITDA 17.7 Change in Prom Hold -0.01 % Profit Var 5Yrs 23.3 % Sales growth 5Years 28.8 % Return over 5years % Debt to equity 0.11 Net profit ₹ 131 Cr. ROE 5Yr 16.0 % Profit growth 22.1 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:ROSSARILong
by TraderRahulPal
Long Term Investment Idea in Piston Making CompanyHello Everyone, i hope you all will be doing good in your Life and Trading as well. Today i have brought an investment idea for long term on Auto component making company, which is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. The Co.’s customer base includes most of the OEMs in India like Maruti, Mahindra, Honda, Ford, Nissan, Tata, Bajaj, Hero, TVS, Yamaha, Ashok Leyland, Daimler, VE Commercial, Swaraj, and various others. It also caters to global OEMs, namely Jaguar, Land Rover, JCB, BMW Motorrad, Volkswagen, Rotax, ZF Wabco, Yanmar, etc. The Co. has 3 manufacturing plants located across Uttar Pradesh and Rajasthan. Assembly units are located at Gurugram, Pune, Hosur, Becharji (Gujarat) and Sahibabad. The Co. has various technical collaborations in different areas with KS Kolbenschmidt GmbH, Germany; Honda Foundry Co. Ltd, Japan; Riken Corporation, Japan and Fuji Oozx Inc, Japan. Company is totally good as Technically and Fundamentally with good management. Stock has given Multi Year breakout with good Volume. there is higher probability, we can see follow through momentum. Market Cap ₹ 7,884 Cr. Current Price ₹ 1,790 High / Low ₹ 1,790 / 491 Stock P/E 19.1 Book Value ₹ 394 Dividend Yield 0.28 % ROCE 24.7 % ROE 20.8 % Face Value ₹ 10.0 Industry PE 33.3 Debt ₹ 333 Cr. EPS ₹ 94.0 Promoter holding 46.8 % Intrinsic Value ₹ 1,208 Pledged percentage 0.00 % EVEBITDA 11.0 Change in Prom Hold 0.00 % Profit Var 5Yrs 16.0 % Sales growth 5Years 8.57 % Return over 5years 28.7 % Debt to equity 0.19 Net profit ₹ 414 Cr. ROE 5Yr 13.1 % Profit growth 63.2 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:SHRIPISTONLong
by TraderRahulPal