Get started

Morganstanley

Hindustan food limited is on breakout with good volume spikeHello everyone, i have brought a stock which has given a breakout of triangle pattern with huge volume spike on weekly chart, there is higher probability that we will see bullish uptrend momentum in this. Hindustan Foods Limited is an India-based company, which is engaged in contract manufacturing of various FMCG products including food, home care, personal care, beverages etc. They also do manufacturing of leather shoes and accessories. Technically stock is looking good as it has given breakout of triangle pattern with good volume Price is above 200-DEMA. Macd is also giving bullish crossover. Morgan stanley has taken position on bulk. Market Cap ₹ 6,397 Cr. Current Price ₹ 558 High / Low ₹ 630 / 461 Stock P/E 68.8 Book Value ₹ 56.4 Dividend Yield 0.00 % ROCE 15.4 % ROE 18.2 % Face Value ₹ 2.00 Industry PE 40.5 Debt ₹ 730 Cr. EPS ₹ 8.12 Promoter holding 63.8 % Intrinsic Value ₹ 256 Pledged percentage 0.00 % EVEBITDA 30.9 Change in Prom Hold -1.04 % Profit Var 5Yrs 50.9 % Sales growth 5Years 41.1 % Return over 5years 43.8 % Debt to equity 1.13 Net profit ₹ 93.0 Cr. ROE 5Yr 18.2 % Profit growth 30.8 % Earnings yield 2.61 % 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:HNDFDSLong
by TraderRahulPal