Hi All, This idea is about Alembic Ltd Alembic Limited is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets. Fundamentals: Market Cap ₹ 3,087 Cr. Current Price ₹ 120 High / Low ₹ 122 / 72.2 Stock P/E 11.5 Book Value ₹ 85.1 ROCE 4.86 % ROE 12.6 % Equity capital ₹ 51.4 Cr. EPS ₹ 10.5 Promoter holding 70.9 % Market Cap to Sales...
Earlier I discussed about double top pattern in making & captured the great free fall of more than 7,000 points. Now, Bitcoin can be seen taking support at important levels. Bitcoin is experiencing times of high fear, high volatility and negative sentiment among the traders. From a psychological point of view, this could end in a bullish momentum as I have seen...
Hi All, This idea is about Antony Waste Handling Cell Ltd Fundamentals Market Cap - 1419 Cr Stock PE - 16.5 ROE - 16.3 ROCE - 13.9 Promoter Stake - 46.1 Quick Ratio - 1.3 D/E - 0.78 Antony Waste Handling Cell Ltd is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste to energy project and undertake the...
Hi All, This idea is about Senco Gold Ltd The stock has corrected over 20% in this month alone & now have reached the lower channel of rising wedge formation. Volumes have dried up indicating the supply may have exhausted & Price action might soon reverse from this point Stock can be bought if it gives a closing above 980 for further targets of T1 1010, T2...
Hi All, THis idea is about RKEC Projects Ltd Fundamentals Mkt Cap - 308 Cr Stock PE - 15 ROE - 12.5% ROCE - 15.5% Mkt Cap/Sale < 1 D/E - 0.83 Quick Ratio - 1.09 RKEC Projects Ltd is in the business of Civil and Defence Construction Technical Analysis As the chart depicts, the price went for a double bottom formation and give a contraction of more than 70%...
Observation & Overview: 1. The IT Index was beaten down in late 2022. 2. After 2023 it formed a bottom and prices started gaining strength. 3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bouncing from a D tf demand. 4. It is acting as a major support zone and...
Symbol - BTCUSD CMP 60700 Bitcoin is testing the previous major liquidity area which is around 59300 - 61000. Earlier it was consolidating around 65K levels & was trading in a range. Now it is witnessing a huge profit booking and declining sharply towards the liquidity area. A retracement towards 62000 - 62500 is likely. In any case, If it is breaking 59000...
SYMBOL - ASIANPAINT Asian Paints is the largest home decor company in India. The 80+ year old company has major brands like Asian Paints, Berger, Apco etc. under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and...
Hi All, This idea is about Sundaram Finance Holding Fundamentals Market Cap - 6k Cr Mkt Cap/Sales - 20.9 ROE - 12% P/BV - 1.27 Div Yield - 2.81% Technicals Price action has been in a rising wedge pattern since Jul 23 & currently consolidating at the bottom of channel for past few days. It can give a upmove of nearly 25% in very short term. Traders can take...
Symbol - WIPRO Wipro Ltd is a global Information technology, consulting and business process services (BPS) company. It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies. Wipro was in consolidation & accumulation phase from July 2022 to December 23. After that it broke out of this consolidation zone...
Hi All, This idea is about Gujarat Pipavav Port Ltd Fundamentals Mkt Cap - 11k Cr MCap/Sales - 11.6 P/BV - 4.95 EPS - 7 PEG - 3 Technicals Price action has formed 2 bases of nearly 25% contraction/expansion each along with Stage 1 advance of 20%. Shipping sector is buzzing right now & the price action has successfully broken out of base 2 advancing to Stage...
Hi All, This idea is about Natco Pharma Fundamentals Market Cap - 21712 Cr Stock PE - 15 ROE - 25.9% ROCE - 30% Promoter Holding - 49.7 Quick Ratio - 3.42 D/E - 0.06 NATCO Pharma Limited (NATCO) is a vertically integrated, research and development focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche...
Hi All, This idea is about Welspun Corp Ltd FUNDAMENTALS Mkt Cap - 17161 Cr Mkt Cap/Sales - 0.99 P/E - 15.5 P/BV - 3 FCF - 1022 Cr D/E - 0.35 Promoter increase thr stake by 0.18% ROE - 21% ROCE - 21.6% Technicals Price has been consolidating within a range of 25% and has now given a decisive breakout above the supply zone. There was a mid resistance as well...
Friday's Sell Off Definitely Suggests that Neither Central Banks nor China nor any other retailer is interested in buying Gold at such high valuation. Picture is getting Clearer. One May look for Selling Opportunity around the Supply Zone. Gold looks set to test 2200 Zone. Bullishness Only above 2380. Below 2380, Bears are going to be under Control. Bulls...
Hi All, This is about Roto Pumps Fundamentals: Market Cap - 1680 Cr Stock PE - 42.9 EPS - 12.5 ROCE - 24.4% ROE - 22% Promoter Holding - 67.3% Quick Ratio - 1.35 D/E - 0.27 Technicals: Strong chart since Nov 22. Price action was moving in the pattern of rising wedge but recently given a strong breakout on good volumes which can take the price to higher...
Hi All, This idea is about ANI Integrated Services Ltd Fundamentals Mkt Cap - 134 Cr Sales - 188 Cr Mkt Cap /Sales - 0.72 EPS - 5.84 ROE - 11.4% ROCE - 13.7% D/E - 0.46 Sales has exceeded Mkt Cap which could mean Stock Price can rise exponentially Technicals Price has broken a long resistance of 75-80 levels and then broken next resistance zone as well. It...
Hi All, This idea is about JTEKT India Ltd Fundamentals Market Cap - 5661 Cr Stock PE - 55 ROE - 13.6% ROCE - 17.3% Promoter Holding - 75% MktCap/Sales - 2.5 Quick Ratio - 1.12 D/E - 0.14 Technicals Rarely it is observed that a stock goes through 6 contractions before going for a breakout from a rising wedge channel. This is a weekly chart & only meant for...
Hi All, This idea is about MRF Limited Market Cap - 54 891 Cr Mcap/Sales - 2.18 P/E - 26.4 ROE - 13.2% ROCE - 16.9% Promoter Holding - 27.8% EPS - 4907 Quick Ratio - 0.79 D/E - 0.17 Technicals Price reversal breakout is seen on daily chart of MRF. It continued in falling wedge pattern & then price broke out of the upper channel with heavy volume. This could...