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SURYODAY SMALL FIN BANK BY KRS ChartsDate:23rd Aug 2024 Time: 9:26 AM WHY SURYODAY❓❓ 1. All overview, Stock was in Consolidation for long time since listed and in Jun 22 it made lowest low , after that it is in continues HH HL pattern. 2. Wave Count is visible perfectly and it is in 3rd leg of 5th wave as we can see in above chart. 3. 100 Ema is right underneath in Hourly and Daily TFs 4. Today it has broken the resistance of Flag pattern and likely to sustain above it. 5. In bigger picture, Suryoday is making Upside channeling
NSE:SURYODAYLong
by KRSCharts
Cup and Handle Breakout supported by FundamentalsFY24 EPS 21.11(Q4 EPS 6.4), PE 10 and Book value is 170 and PB 1.25 From Q1 of FY25 the company will post min EPS of Rs 6.4/Qtr, even if we consider 25% growth its annual EPS would be 6.4*4*1.25 = 32 Rs/share FY25 valuation at CPM of 212 would be EPS 32, PE 6.6, Book value 200 and PB 0.94 therefore as per FY25 estimation minimum price at which it must trade would be, 1.5 times PB = 300 (200*1.5) 10 times PE = 320 (32*10) Target 1 = 246 Target 2 = 310 Q4 results , G.NPA would be 242cr vs 223cr (2.8% vs 3.06%) N.NPA would be 92cr vs 102cr (1.4% vs 1.42%) Provision would be 150cr vs 121cr (PCR - 62% vs 54%)
NSE:SURYODAYLong
by swarubhadra