ICMR and Panacea Biotec begin first pivotal dengue vaccine trialUnion Minister of Health and Family Welfare Shri Nadda said: “The initiation of this Phase III clinical trial for India’s first indigenous dengue vaccine marks a critical advancement in our fight against dengue. It reflects our commitment to protecting our citizens from this pervasive disease and underscores India’s capabilities in vaccine research and development.
“Through this collaboration between ICMR and Panacea Biotec, we are not only taking a step towards ensuring the health and well-being of our people but also reinforcing our vision of Atmanirbhar Bharat in the healthcare sector.”
Multibagger
IPCALAB - CUP AND HANDLE PATTERN WEEKLY CHARTThe stock has formed CUP & HANDLE pattern
on the WEEKLY chart.
One can enter above 1383 or Wait for weekly candle close above 1383 with a strict Stoploss of 1240
Target 1 - 1650
Target 2 - 1820
Target 3 - 2000
#LONGTERM 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.
#SEQUENT - Rounding bottom pattern formation#SEQUENT - SEQUENT SCIENTIFIC LTD
Trade Type - Long Term ( 6 month 18 Month)
Trade Logic - Stage 2 breakout (Rounding Bottom)
CMP - 146.30
Target 1 : 157
Target 2 : 203
Target 3 : 230
Target 4 : 277
Stop : 98.5
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
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.
Ambika Cotton Mills Ltd | A Trending sectorAmbika Cotton Mills Ltd | A Trending sector
Ambika Cotton Mills is engaged in manufacturing and selling specialty cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and Knitting facility of converting 40,000 Kgs of yarn per day into fabrics.
Market Cap =₹ 1,014 Cr. ROCE=20.7 % ROE=14.5 % Debt to equity=0.00
Promoter holding =50.2 % Profit Var 3Yrs=28.9 % Sales growth 3Years=10.8 %
Return on assets=12.4 %
company s almost debt free and having good sales and profit growth.
chart shows rounding bottom and consolidation period over .
its time to up move in momentum side.
friends I am not SEBI registered analysis. this is just education purpose only.
before investing please do your research.
if you like my simple way to teach technical and fundamental analysis than like boost and follow for more.
thanks for supporting me.
Dr Lal Pathlabs Ltd| Diagnostics momentum StocksDr Lal Pathlabs Ltd| Diagnostics momentum Stocks
Dr. Lal PathLabs Limited is one of India’s leading consumer healthcare brand in diagnostic services. It has an integrated nationwide network, where patients and healthcare providers are offered a broad range of diagnostic and related healthcare tests and services .
Financial: Strong
Market Cap = 21,675 Cr. ROCE = 18.2 % ROE = 15.0 %
Debt to equity =0.17 Promoter holding = 54.6 % Piotroski score = 6.00
Sales growth 3Years = 14.9 % Profit Var 3Yrs = 1.81 % Return on assets = 10.2 %
Dr lal is now in strong momentum diagnostics stock. you can add in your watchlist and research on it.
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
Gujarat Gas Ltd | Natural Momentum StockGujarat Gas Ltd | Natural Momentum Stock
Gujarat Gas Limited (GGL) is a government company u/s 2(45) of Companies Act 2013. Formerly Known as GSPC Distribution Networks Limited(GDNL), GGL is engaged in the business of Natural gas in India.
Financial : Strong
Market Cap = ₹ 38,216 Cr. ROCE = 31.2 % ROE = 24.2 %
Debt to equity = 0.02 Promoter holding = 60.9 %
Quick ratio= 0.64 Current ratio = 0.66 Piotroski score = 8.00
Profit Var 3Yrs = 8.45 % Sales growth 3Years = 17.6 %
Return on assets =14.9 %
This stock is mow in proper momemtum zone . you can see the price action now rounding bottom create and trying to start in upward direction.
everyone can watch this stock and do proper research before investing.
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
SWING IDEA FOR MOMENTUM IT STOCK|CYBERTECHCybertech Systems & Software Ltd
Cybertech Systems and Software Ltd provides IT services to customers primarily in USA and India with focus on next-generation geospatial, networking and enterprise It solutions. It offers services that span across all major industries including government, education, utilities, public safety & homeland defence, tech, telecom, retail, healthcare and manufacturinG.
Fundamental: strong
this stock is now in momentum as well as fundamentally strong. keep in radar.
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. technically bullish
Thanks and comment freely
Doms Industries Ltd| Long Term Momentum InvesmentIncorporated in 2006, DOMS Industries Limited is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand, DOMS
Financial:
Market Cap ₹ 10,224 Current Price ₹ 1,685 Stock P/E 107
ROCE 34.4 % ROE 32.8 % Debt to equity 0.41
Promoter holding 75.0 % Quick ratio 0.41 Current ratio 1.22
Piotroski score 8.00 Profit Var 3Yrs 38.5 % Sales growth 3Years 22.8 %
Return on assets 18.1 %
This stock is momentum strong stock as well as everyone knows about this company . This is going to wealth creator in long time . as per my view this is hold and patient for long term if run in our favor.
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 feel free to comment.
MMTC- Technically visible U-turnMMTC is a company which has one of the worst fundamentals among all PSUs
News of company being scrapped were in market couple of months ago.
Only investors with high risk appetite and disposable money should be interested in this stock.
Technically, a monthly closing above 70 will be confirmation for huge breakout. Previous attempt failed but now we have only 3 sessions so worth the risk for big targets.
Good volumes are seen in past 6 months which means something big is cooking, either upside or downside. Be prepared for both if interested to invest.
If breakout is genuine, definitely huge upside potential as ATH is above 1000 which is more than 15x of CMP .
AVANTI FEEDS - A Hidden Multibagger!Overview & Observation:
1. Trendline break.
2. Change in price structure.
3. Prices are reversing with double bottom formation and breakouts are sustaining.
4. Buyers have started dominating
5. Good volume support is also present.
6. Momentum will be slow since multiple hurdles are present!
Trade Plan
Entry = CMP
SL = 10%
TP = Minimum double and more based on trailing and holding capacity.
-Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Can AWHCL be a multibagger?Anthony waste handling has given a strong weekly closing above 370 after a long consolidation since its IPO listing in 2020.
Stock has support very far at 300-310.
It is better to add on dips till 350 for targets of 450 and then 2x(700).
Only risky investors should be interested in this stock.
Momentum traders can look for targets of 410 in short term.
Idea shared for educational purposes only.
PETRONETPETRONET its multibagger stock . long term investors this monthly break out show on chart with good volume spike
so , my side is buy .
for MORE check in my TradingView ID
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
GTLINFRA MULTIBAGGER STOCKcmp 1.95
buy on dips
target 4 / 5 / 6 / 7 / 8 / 9 / 10++
Fresh Breakout Above 10
For Targets 12 / 14 / 16 / 18 / 20+++
Good as per Longterm Holding
Can Be #Multibagger
Regards....
Harm⭕️nics4Life
04/02/2024
Disclaimer & Risk Warning
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
MCLEODRUSS Breakout Done... Can Be #MultibaggerMCLEODRUSS (MCLEOD RUSSEL INDI)
About The Company
McLeod Russel India Ltd. engages in the business of cultivation, manufacturing and sale of tea. It operates through the following geographical segments: India, Vietnam, Uganda, Rwanda, UK and Others. The company was founded on May 5, 1998 and is headquartered in Kolkata, India.
Trade Setup
Cmp 28
Any Dip Upto 20 can be bought
For Targets🎯
33 / 41 / 49 / 55 / 60 / 64 / 70 / 77++
WCBSL will be 15
Note: 33 is a crucial zone for breakout confirmation. Hence, stock should close above 33 for quick momentum targets.
Fresh Breakout Above 77 (Weekly closing)
For Targets🎯 79 / 84 / 89 / 92 / 96 / 99 / 101++
Chart Setup For Reference:
Tecnical Analysis...
1) Formation Of Flag pattern in Weekly Charts
2) Volume addition
3) At good and strong numbers
4) Breakout Done
5) Potential to be a #Multibagger
Regards...
Harm⭕️nics4Life
13/01/2024
Disclaimer & Risk Warning
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
Swing Momentum stock 15 feb 2024Saregama India Ltd |Swing Momentum stock 15 feb 2024
Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom.
financial: strong
Market Cap = ₹ 7,546 Cr. ROCE =17.6 % ROE = 12.8 %
Debt to equity= 0.00 Promoter holding = 59.1 %
Quick ratio = 3.48 Current ratio = 4.24
Profit Var 3Yrs = 58.8 % Sales growth 3Years =12.2 %
this is really good momentum stock with strong financial.
Rsi is also in uptrend.in past there is good movement in huge volume.
this sector is always forever. so my view is long time bullish.
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