Sharda Motors. Auto ancillary. Good fundamentals. 1.7Y consolidation and breakout. 30-40% upside potential
Cons: FY23 (-)OCF, High working capital
Disclaimer: Educational. Not invested
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Sharda Motor Industries Limited is a sweet stock to purchase in the middle of a tumultuous equity market.
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Add Stock at levels near 800Rs
For a target of 900 and 1000 Ultimately
With time frame of 8-12 months
Keep SL of 740 for Short term trade Or 700 for long term, on closing basis
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EBITDA increased by 79% YoY to Rs...
