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BUY TEXMOPIPES (a micro-cap company with good fundamentals)Its a micro cap company, don't invest more than 4-5% of your capital. PROS (as per screener.in) - - Company has reduced debt. - Company is almost debt free. - Stock is trading at 0.74 times its book value - Company is expected to give good quarter - Company has delivered good profit growth of 29.09% CAGR over last 5 years - Debtor days have improved from 53.85 to 38.54 days. CONS (as per screener.in) - - Though the company is reporting repeated profits, it is not paying out dividend - Company has a low return on equity of 2.89% for last 3 years. - Company's cost of borrowing seems high Buy at 55-60 (Stock is in upper circuit) Target as per Fibonacci: 80, 100, also can keep for long term SL: 45 Follow me on tradingview @arsalanansari17
NSE:TEXMOPIPESLong
by StrugglingTrader17