Portfoliostock
CDSL -Bull run 2.0 loading?CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market.
Stock has formed a beautiful inverted head and shoulders pattern near ATH.
A breakout of the pattern will bring more bullishness in the stock.
I would rather prefer adding on dips than having a close SL in such stocks.
Rategain bouncing from support and expectation of good Q4NSE:RATEGAIN has bounced from its support levels and can be added to the portfolio at these levels. I also expect a solid Q4 from them in the coming days when they announce their results. The correction that came in this counter never felt like a long term downward move. So I do believe that investors can add this fundamentally strong stock at these levels. Stop loss remains at 660.
JSW Infrastructure: Add for Portfolio during consolidationNSE:JSWINFRA is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2021 to Fiscal 2023, and the 2nd largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2023.
Their installed cargo handling capacity in India grew at a CAGR of 15.27% from 119.23 MTPA as of March 31, 2021 to 158.43 MTPA as of March 31, 2023. During the same period, their cargo volumes handled in India grew at a CAGR of 42.76% from 45.55 MMT to 92.83 MMT.
Technical Setup:
After a good initial rally and listing, JSW Infra is consolidating in a range. I believe levels of 230 will be held here without much issues. A new breakout above the previous all time high would mean that the stock can give much higher targets for the future. It is a portfolio grade stock for me given India's growth story. Hold for medium to long term.
Q3FY24 Highlights:
Financial Performance
• Notable year-on-year growth in cargo handling, with a 17% increase to 77.2 million tonnes for the nine-month period ending December 2023.
• Revenue for the nine months ended December 2023 stood at INR 2832 crores, reflecting an 18% growth year-on-year.
• EBITDA for the same period showed a 22% year-on-year increase.
Expansion and Acquisitions
• Acquisition of PNP Maritime Services and PNP Port, enhancing operational capabilities and expansion potential.
• Development of an all-weather deepwater greenfield port at Kenney, Karnataka, with an estimated project cost of INR 4119 crores and an initial capacity of 30 million tonnes per annum.
Operational Efficiency and Safety
• Jaigarh Port was awarded a five-star rating by the British Safety Council, underscoring JSW Infrastructure's commitment to maintaining the highest safety standards.
Future Growth Plans
• Focus on increasing third-party cargo handling to 40% in the near term.
• Continued pursuit of organic and inorganic growth opportunities to capitalize on India's infrastructure development momentum.
Check The Speed of Hero Motocorp || Grab before it's too late.Hello Dear, Traders & Investors. I hope you all are doing good in trading and in your life as well. Well i have brought once again an analysis on a stock with all my knowledge and power.
Today Auto Sector was in limelight whole day, Nifty Auto gain intraday 1.46% today and made all time high at 15304.20 levels. Overall Auto Sector has done well in last one year. Nifty Auto has climbed 31.18% in last one year.
Now come to our Analysis on Hero Motocorp . This is a Multi Year Analysis. Well i have Marked all the best levels like Entry, Target and Stop loss on chart.
We have seen an Inverted Head & Shoulder pattern breakout in Hero Motocorp and after retesting it's neckline, Hero Motocorp has became Rocket in today's session and gain intraday 4.24% till days closing, and made 52 weeks high as well at 3172 . Well it has given a breakout in today's session at all near term resistance as well. This is also the best levels to go long from here for upside. But safe trader i think they should wait for falling resistance trendline breakout as well. For investor these are the best levels also to go long.
For safe Trader:-
Buy above- 3266
Targets- 3631/4090
Stop loss- 3090
Fundamental Analysis For long Term Investors:-
Market Cap
₹ 63,113 Cr.
Current Price
₹ 3,158
High / Low
₹ 3,172 / 2,246
Stock P/E
22.5
Book Value
₹ 833
Dividend Yield
3.17 %
ROCE
23.6 %
ROE
17.2 %
Face Value
₹ 2.00
Debt
₹ 568 Cr.
EPS
₹ 141
PEG Ratio
-4.73
Promoter holding
34.8 %
Intrinsic Value
₹ 1,743
Pledged percentage
0.00 %
EVEBITDA
13.6
PROS
Company is almost debt free.
Stock is providing a good dividend yield of 3.17%.
Company has been maintaining a healthy dividend payout of 75.0%
CONS
The company has delivered a poor sales growth of 1.03% over past five years.
Well, That's it, i have done my analysis now. I think these are the best levels to go long for long term investment. This is a good dividend paying stock with healthy payout ratio.
Note:- Always trade with stop loss, because it will save you from unexpected losses if market went opposite to your Analysis.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Please like, follow and comment your thoughts on my idea.
Thankyou.
Regards
Rahul Pal
Cup and handle breakout in Powergrid!Powergrid is a portfolio stock with good dividend yield and strong fundamentals.
The stock has given a breakout of cup and handle pattern with neckline of 250. The retest of the same is completed as well.
Stock can give good returns with minimum target of 300. SL can be below 246 DCB.
Idea is shared for educational purposes and should not be considered as a recommnedation.
INVESTMENT PICK: BOROSIL RENEWABLESIt is engaged in manufacturing extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors, and Greenhouses.
This company is future-proof as it operates in the domain of renewable energy. And the increasing interest of institutions and investors towards non-financial factors (Example. ESG) while making investments for their long-term portfolio is also increasing.
Considering the technical aspect, after an excellent rally, followed by a consolidation, it is set on the trajectory to move on the upside again.
CMP= 287.95