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PRICOL

Bullish Breakthroughs: 3 Stocks Marching Towards Big Gains1. Pricol NSE:PRICOLLTD ● Pricol's stock price has formed a Rounding Bottom Pattern, signalling a potential trend continuation. ● Following a successful breakout, the stock has resumed its upward trajectory, suggesting further gains. 2. Prestige Estate NSE:PRESTIGE ● A bullish Pole & Flag Pattern has emerged on Prestige Estate's chart. ● The recent breakout is likely to propel the price to higher levels, presenting a buying opportunity. 3. Borosil Renewables NSE:BORORENEW ● Borosil Renewables' stock price has formed a Falling Wedge (Continuation) Pattern after undergoing a prolonged consolidation phase. ● The recent breakout suggests a significant upward move, positioning the stock for substantial gains.
NSE:PRICOLLTDLong
by GoodluckCapital
3
PRICOL - DAILY RANGE BREAKOUT New 52 Week and All time High Rs.230.95 hit today Performance Today Outperformed Sector by 2.3% Day's High Stock touched an intraday high of Rs 230.95 (3.59%) ~ Moving Averages Pricol Ltd is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages Rising Investor Participation Delivery Vol of 7.74 lacs on 31 Mar has risen by 69.65% against 5-day avg delivery vol 4 Liquidity Based on 2% of 5 day average traded Value the stock is liquid enough for trade size of Rs 0.71 Cr Fundamental Net Sales (HY) At Rs 989.92 cr has Grown at 21.54 % Roce (HY) Highest at 18.85 % Debt-Equity Ratio (HY) Lowest at 0.12 times Pat (Q) At Rs 26.76 cr has Grown at 54.2 % Pbt Less Oi (Q) At Rs 26.54 cr has Grown at 23.04 % Best entry price around 220 and 200
NSE:PRICOLLTDLong
by YASHSINCE1995
2
PRICOL LTD - FUNDAMENTAL & TECHNICAL - WONDERFUL OPPORTUNITYPricol Limited is engaged in the business of manufacturing and selling of instrument clusters and other allied automobile components to OEMs and replacement markets. Presently, the company operates 9 manufacturing facilities across India and 1 in Indonesia. The company has high concentration in 2W industry as it derives ~70% of revenues from this segment alone. Company's product portfolio includes Driver information system (DIS) clusters, sensors & switches, pumps & mechanicals products, telematics (connected vehicle solutions) & auto electrical products. The business was started in 1974 and is headquartered in Coimbatore, Tamil Nadu. FUNDAMENTALS: > It is a Small Cap company with a market cap of just Rs.1,251 Cr. > The ROCE and ROE is at 15% and 9% respectively which is good. Positive. > Book Value to Market Value ratio is 2.4 which means the company have overall stable fundamentals. > Stock P/E is at 30 which makes the valuation attractive as compared to the sector P/E at 33. Positive. > Higher than Industry Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 63.3%, vs industry avg of 6.31%. Positive. > Increasing Market Share: Over the last 5 years, market share increased from 0.09% to 0.81%. Positive. > Higher than Industry Net Income: Over the last 5 years, net income has grown at a yearly rate of 35.93%, vs industry avg of -8.67%. Positive. > Stable Topline and Bottomline, continuously increasing on QoQ basis. > Debts: The company have Debts of Rs . 186 Cr as per Mar 21 Balance Sheet which is much below the acceptable limits as compared to Reserves. > Reserves: It is Rs.511 Cr as per Mar 21 Balance Sheet. > OPM is consistently growing in last 3 years, it is at 12% as per Mar 21 Balance Sheet. > Promoters holding is intact at 36.53% since last 10 years, like they trust their own business and staying invested. > One thing very amazing about this company is FIIs are heavily invested in the company and they are constantly increasing the stake. TECHNICALS: > The stock has taken long 3.5 years to make a wonderful rounding bottom pattern after taking support at Rs.23 levels. It has given breakout recently with huge volume. > On the chart stock is continuously in UPTREND since March 2020 Covid fall. > Increasing Long Volume towers as indicated by blue arrows at the bottom indicates that lot of accumulation is going on in the stock continuously. > Trading above 100 and 200 DMAs this talks about the strength in the bull run of this stock. Company's massive client base includes all big and small names in the industry. Few of them are Hero Motocorp, TVS Motors, Bajaj Auto, Ashok Leyland, Tata Motors, Suzuki, Volkswagen, Eicher, Tata, Toyota, TVS, Bajaj, BMW, Harley-Davidson, Mercedes-Benz, Mahindra, JCB, L&T and many others. Company financials are not very strong on YoY basis but if we look closely at the QoQ basis it looks like a turnaround story. The company is making come back with a big bang. Now if we look at the market from broader perspective, Automobile industry is in good momentum specially all small and midcap Auto Ancillary business. The company have massive client base. Fresh Buy - AT CMP i.e. Rs.102 Old Buy – Hold Target – Hold for at least 2X, i.e. more than Rs.200. Risk Management Tip: Never invest more than 5% of your capital in any single stock. Happy Investing! ShareMktSchool
NSE:PRICOLLTDLong
by ShareMarketSchool