Dividend will always be paid in Jan month and this will be the trigger, min 4 Rs dividend expected as the debt service has increased
As H1 has performed better than previous years H1, this will give a good move till 85 levels
Nifty - Green Energy Themed Stock Model has been made by picking best stocks which could benefit from focus on renewable future commitment in future.
Past performance is showing continuous growth in price. Stock model is tracked with help of Supertrend 10x2.5.
Current stocks in spread chart as below....
Borosil Renewables has an operating revenue of Rs. 502.27 Cr. on a trailing 12-month basis. Annual revenue growth of 85% is outstanding, Pre-tax margin of 30% is great, ROE of 14% is good. The company has a reasonable debt to equity of 10%, which signals a healthy balance sheet.
Inox wind has shown a classic descending triangle pattern. The stock has also been performing poorly vs. BSE 500. Despite the recently concluded bull run, the stock did not get any traction. The accum/Dist chart also confirms overall weakness. The stock may be on the way to its life time lows.
