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Swing Trade Idea in Murugappa Group stock | 30% upside possible.Hello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock name is Cholamandalam investment and finance ltd, which is belong from Murugappa Group, a prominent Chennai-based conglomerate founded in 1900. It is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and Loan against property. Stock has almost taken support from important support zone, i feel this should fly now towards 1500+ levels within 1-3 months timeframe. I have positive view in banking and non banking finance company atleast for near term, chart is really looking good from here, so there is higher probability that we are gonna to see good momentum in it. For short term i have written all the levels on chart you can follow. Stock is really good for long term as well and it is giving good entry levels as well on discounted price. So if anybody wants to decide and go for long term investing can go from here... Fundamentals:- Market Cap ₹ 1,01,590 Cr. Current Price ₹ 1,208 High / Low ₹ 1,652 / 1,011 Stock P/E 26.4 Book Value ₹ 255 Dividend Yield 0.17 % ROCE 10.4 % ROE 20.2 % Face Value ₹ 2.00 Industry PE 23.1 Debt ₹ 1,57,943 Cr. EPS ₹ 45.9 Promoter holding 50.2 % Intrinsic Value ₹ 700 Pledged percentage 0.00 % EVEBITDA 15.4 Change in Prom Hold -0.09 % Profit Var 5Yrs 23.4 % Sales growth 5Years 21.9 % Return over 5years 31.2 % Debt to equity 7.38 Net profit ₹ 3,852 Cr. ROE 5Yr 19.0 % Profit growth 27.4 % Earnings yield 6.40 % PEG Ratio 1.13 Pros:- Company is expected to give good quarter Company has delivered good profit growth of 23.4% CAGR over last 5 years 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:CHOLAFINLong
by TraderRahulPal
Short Term to Long Term Chart Analysis of CreditAccess Grameen.Hello 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 come at important support zone right now, I already have mention everything on chart, but let's discuss here as well in details. If you Check Stock is corrected almost 46% from all time high (1796) zone and made low at (911), today's closing is (947.35). Currently stock is giving very good opportunity to accumulate on discounted price and hold for long term, This can be SIP stock also if anybody wants to do in it. we might not gonna to see these prices again. Let's talk about some fundamentals 1:- P/E ratio is 11.34 2:- P/E ratio is 11.34 which is lower than it's 5 years Average P/E 31.77 3:- P/B ratio is 2.1655 which is lower than it's 5 years Average P/B 2.57 4:- P/E ratio is 11.3434 which is lower than it's Industry P/E 24.11 5:- Interest Coverage ratio 2.12 is higher than last year's Interest Coverage Ratio 1.91 6:- ROCE is 14.76% 7:- ROCE 14.76% has increased as compared to last year's ROCE 12.06% 8:- ROE is 24.87% 9:- ROE 14.76% has increased as compared to last year's ROE 12.06% 10:- ROCE 14.76% is higher than 5 years ROCE average 11.01% 11:- ROE 24.87% is higher than 5 years ROE average 13.81% 12:- PEG ratio is 0.25 13:- Operating Profit Margin (EBITDA Margin) is 72.05% 14:- Operating Profit Margin (EBITDA Margin) 72.05% has improved as compared to last year's OPM 66.73% 15:- Company is expected to give good quarter 16:- NPM is 27.99% 17:- Net Profit Margin (PAT Margin) 27.99% has improved as compared to last year's NPM 23.3% 18:- Dividend Yield is 1.05% 19:- Annual Sales has grown by 45.74% 20:- Annual Profit has grown over by 75.06% 21:- 3 Years Sales CAGR is 44.73% 22:- 3 Years Profit CAGR is 62.98% 23:- Quarterly Sales has grown over by 16.55% YoY 24:- Retail/Public have reduced their stakes by 1.39% in the latest quarter (16.25% to 14.86%) 25:- Promoters + FIIs + DIIs hold 92.16% in the company Market Leader The company is India’s largest NBFC Microfinance Institution with a total gross loan portfolio of Rs. ~26,700 Cr in FY24 vs Rs. ~16,500 Cr in FY22. It holds a 6% market share in the overall microfinance industry. Customers As of FY24, the company has an active borrower base of ~49 lakhs vs 38 lakhs in FY22. Rural borrowers account for ~84% of its total borrower base, ~28% are unique borrowers of the company. Branch Network As of FY24, the company has a network of ~1,960 branches (vs ~1,600 branches in FY22) across 16 States, 1 UT, and 383 Districts. Outlook The company expects a loan portfolio growth of 23% to 24% in FY25 and an NIM of 12.8% to 12.9%. Over FY25 to FY28, it anticipates a loan portfolio growth of 20% to 25%, and NIMs in the range of 12.7% to 12.9%. 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.
NSE:CREDITACCLong
by TraderRahulPal