STOVEKRAFTSwing TrAdE options:
After Box Break-Out now forming Descending Triangle Pattern, Depends on the break-Out stock moves further.
Current Price- 595
P/E- 23.8 (less among competitors)
Short time target: 650, 690
Med Time target: 730(Pole Extension)
Pros:
Company has reduced debt.
Company has delivered good profit growth of 30.97% CAGR over last 5 years
Debtor days have improved from 47.73 to 36.00 days.
Note:
Its revenue contribution was Kitchen Appliances (88%) and Home Appliances (12%) in FY20. The improved product mix resulted in profit expansion.
Happy Trading
Abd
