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This stock Can give you more than 400% Returns in next 2-3 YearsHello everyone, i hope you all will be doing good in your Trading and in your life as well. I have brought an Investment Stock, where you can park some money to grow in long term. In actually in stock market most of people they have made huge money by investing in Good stocks only. So this is kind of long term investing stock. This stock has good management. Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers. The Company has a tower market share of 33% and tenancy market share of 42% which makes it leader in the telecom tower industry in India. The Long term growth story just has started because this qtr we have seen good result from Indus Tower, and this can be continue in future. So invest and forget and make money by just doing small investment. Market Cap ₹ 61,970 Cr. Current Price ₹ 230 High / Low ₹ 236 / 135 Stock P/E 11.1 Book Value ₹ 87.9 Dividend Yield 0.00 % ROCE 11.3 % ROE 9.71 % Face Value ₹ 10.0 Industry PE 39.1 Debt ₹ 20,704 Cr. EPS ₹ 20.7 Promoter holding 69.0 % Intrinsic Value ₹ 190 Pledged percentage 30.5 %(Negative) EVEBITDA 5.78 Change in Prom Hold 0.00 % Profit Var 5Yrs -3.97 % Sales growth 5Years 33.8 % Return over 5years -3.84 % Debt to equity 0.87 Net profit ₹ 5,582 Cr.(Excellent) ROE 5Yr 20.2 % Profit growth 104 %(Good) KEY POINTS Leadership Position The Co. has a tower market share of 33% and tenancy market share of 42% which makes it leader in the telecom tower industry in India. Pan-India Presence As on March 31, 2022 the company’s net tower portfolio stood at 185,447 and net co-locations grew to 335,791. The closing sharing factor stood at 1.81 times per tower. It is the first tower company to have a presence across all the 22 telecommunication circles. High Customer Concentration The company's customers are Bharti Airtel, Vodafone Idea, Reliance Jio and BSNL. The consolidation in the telecom industry has resulted in the exit of some players. The tenancy ratio for the company remains steady at 1.8 times Pre-Merger Details The company (Bharti Infratel) held 42% stake in Indus Towers Ltd before it merged with it. It had an economic interest in ~97,000 towers before the merger. Merger with Indus Towers Bharti Infratel merged with Indus Towers on 19th November 2020. As per the scheme, the company issued ~76 crore equity shares to the various entities of Vodafone Group and ~8.7 crore equity shares to P5 Asia Holding Investments Ltd aggregating to 28% and 3% respectively in the post-issue share capital of the company. The equity capital of the company increased from ₹1850 crores to 2695 crores post the merger Vodafone Idea Ltd received cash consideration of ~3,760 crores for its 11.15% stake in Indus Towers as it was elected/ decided by the same. The name of the company was changed to Indus Towers Limited as per the scheme of amalgamation. Change in Shareholding Pattern Vodafone Plc sold 7.1% of its stake in Indus Towers for a total consideration of ~Rs. 3,831 Crores. Out of this, 4.7% was acquired by Bharti Airtel for a consideration of Rs. 2,388 Crores while the remaining 2.4% was sold to other investors. As a result of these transactions, Vodafone Plc’s holding has decreased from ~28% to 21%, and Bharti Airtel’s holding has increased from ~42% to ~46%. Focus The Co. will focus on diversifying into new areas like FTTH (Fiber To The Home), Active Maintenance, and Fiber Maintenance. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:INDUSTOWERLong
by TraderRahulPal
3
MSTCLTD is ready for big MoveHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Pole & Flag pattern in Daily TF. * From Jan 2024 to July 2024 tested resistance many times. * It's Near resistance Zone and trying to sustain above Resistance Zone with good volume. * If resistance zone is Sustained then we can see a good move to 1138. * Volume Accumulation (Volume is Showing Strength). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:MSTCLTDLong
by ChartSight
4
EURUSD bears keep reins with eyes on US GDP, ECB’s LagardeEURUSD licks its wounds at the lowest level in a fortnight as sellers jostle with a 200-bar Exponential Moving Average (EMA) support ahead of the US Q2 GDP and a speech from European Central Bank (ECB) President Christine Lagarde. In doing so, the Euro pair justifies the early-week breakdown of a month-old rising support line, now immediate resistance near 1.0900. However, downbeat RSI conditions and a looming bull cross on the MACD hint at the quote’s corrective bounce off the stated EMA support of 1.0825. In a case where the Euro prices remain weak past 1.0825, the 1.0800 threshold and 61.8% Fibonacci ratio of April-July upside, near 1.0735, followed by the 78.6% Fibonacci retracement level of 1.0675, will be important to watch for the bears ahead of targeting the yearly low marked in April surrounding 1.0600. Alternatively, downbeat US statistics could join the hawkish comments from ECB’s Lagarde to underpin the EURUSD pair’s rebound from the key EMA support of 1.0825. The same line highlights the support-turned-resistance line stretched from late June, near the 1.0900 threshold at the latest. It’s worth noting, however, that the Euro buyer’s ability to keep the reins past 1.0900 depends on a clear upside break of an upward-sloping resistance line stretched from early April, around 1.0950 as we write. Following that, the bulls can easily challenge the 1.1000 psychological magnet. Overall, EURUSD prices are likely to remain weak unless crossing 1.0950. However, the downside room appears limited and may lack momentum due to the scheduled data/events.
by MTradingGlobal
USDCAD renews 13-week high ahead of BoC, US PMIUSDCAD rises for the sixth consecutive day while extending the early-week breakout of a downward-sloping resistance line from mid-April, now immediate support, as traders await the Bank of Canada (BoC) Interest Rate Decision. Apart from the trend line breakout and dovish expectations from the BoC, hopes of witnessing upbeat US S&P Global PMI for July and softer prices of Canada’s key export, namely Crude Oil, also propel the Loonie pair. However, the RSI (14) line approaches the overbought territory, which in turn highlights an 8.5-month-old descending trend line resistance surrounding 1.3815 as the key upside barrier for the bulls. Even if the quote manages to remain firmer past 1.3815, the yearly high of near 1.3845 and the early November 2023 swing top surrounding 1.3855 will act as additional hurdles for buyers before directing them toward the 2023 high of 1.3900 and then to the 1.4000 psychological magnet. Meanwhile, a hawkish surprise from the BoC and/or downbeat US data and strong crude oil prices might drag the USDCAD pair back toward the resistance-turned-support line surrounding 1.3750. It should be observed, however, that a convergence of the 50 and 21 SMAs, near 1.3685-80 by the press time, appears a tough nut to crack for the Loonie pair bears. In a case where the quote remains weak past 1.3680, the 61.8% Fibonacci ratio of the November-December 2023 downturn, around 1.3625, will precede the 200-SMA level of 1.3598 to act as the final defense of the bull before giving total control the sellers. Overall, the USDCAD is likely to extend the latest run-up toward the key upside hurdle. However, the quote’s rush to refresh the yearly peak needs some time and/or a strong catalyst.
by MTradingGlobal
KSCL is ready for longHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Ascending Triangle pattern in daily TF. * From June 2024 to July 2024 tested resistance many times. * It's Near resistance Zone and trying to sustain above Resistance Zone with good volume. * If resistance zone is Sustained then we can see a good move. * Volume Accumulation (Volume is Showing Strength). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:KSCLLong
by ChartSight
1
Glaxo Is GainingHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Range Bound pattern in daily TF. * From Last June 2024 its in range. * It's Near resistance Zone and trying to Break Resistance Zone with good volume. * If resistance zone is break then we can see a good move. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:GLAXOLong
by ChartSight
1
TTML near IMP AreaHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Ascending Triangle pattern in daily & Weekly TF. * From Aug 2023 to July 2024 its in range. * It's Near resistance Zone and trying to Break Resistance Zone with good volume. * If resistance zone is break then we can see a good move. * Volume Accumulation all time high volumes (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:TTMLLong
by ChartSight
1
Neat and Clean Breakout seen in Pharmaceuticals companyHello Everyone, i hope you all will be doing good. I have brought an analysis on Pharmaceuticals stock which has given neat and clean short term consolidation zone breakout. Stock name is Alembic Pharmaceuticals and it is in the business of development, manufacturing, and marketing of Pharmaceuticals products i.e. Formulations and Active Pharmaceutical Ingredients. Leading Pharma company:- The company has 3 R&D and 5 manufacturing facilities. Alembic is among the top 25 players in domestic formulations market. The company has a portfolio of about 200 formulation brands, of which three are among the top 300 domestic formulation brands in India. It has a share of 1.5% in the domestic market. Market Share:- The company has 1.5% share of the Indian Pharma market with 4 brands with revenue of Rs.1 bn. Its products like Roxid has ~95% market share, Althrocin (~90%), Deltone (~67%), Gerijoint (~50%), Elata (~50%) etc. Prescription wise Alembic ranks at 18th Position. Technically stock has given breakout of short term consolidation breakout of Rectangle pattern with good volume, there is higher probability that we can see this stock towards 1500+ in short term and 2500+ in long term. Stock is above 200-DEMA, and MACD Indicator is showing bullish crossover. Volume indicator is suggesting huge bullishness in coming few months. Market Cap ₹ 21,237 Cr. Current Price ₹ 1,080 High / Low ₹ 1,119 / 682 Stock P/E 34.6 Book Value ₹ 245 Dividend Yield 1.02 % ROCE 13.1 % ROE 13.3 % Face Value ₹ 2.00 Industry PE 34.6 Debt ₹ 513 Cr. EPS ₹ 31.3 Promoter holding 69.6 % Intrinsic Value ₹ 490 Pledged percentage 0.00 % EVEBITDA 22.6 Change in Prom Hold 0.00 % Profit Var 5Yrs 1.07 % Sales growth 5Years 9.62 % Return over 5years 16.0 % Debt to equity 0.11 Net profit ₹ 616 Cr. ROE 5Yr 15.9 % Profit growth 77.2 % Earnings yield 3.17 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:APLLTDLong
by TraderRahulPal
Real Jackpot - SME IPOAfter trying to see what works for me and what not, trying various intraday, swing etc on different stocks and derivatives (and still unclear what's going to work for me), I stumbled upon the IPOs, specifically the SME IPOs. Just look at the listing of these SME IPOs..... what a staggering gains they give on listing. SEBI had to actually come up with a restriction of 90% listing for these SME IPOs. Only if there were some kind of sure shot way to get an allotment....
NSE:NIFTY
by Hiren1
Gold extends pullback from all-time high towards sub-$2,400 zoneGold price remains pressured for the third consecutive day while extending the mid-week pullback from an all-time high. In doing so, the spot gold price (XAUUSD) retreats from a three-month-old ascending resistance line backed by the RSI’s U-turn from overbought territory. Apart from that, the US Dollar’s corrective bounce and receding bullish bias of the MACD signals also underpin odds favoring the bullion’s further profit booking. The same highlights a convergence of the 20-day Exponential Moving Average (EMA) and a three-week-long rising trend line, close to $2,395. It’s worth mentioning that the $2,400 threshold acts as immediate support while multiple peaks and troughs can challenge the sellers near $2,360 and $2,330-35. Above all, the precious metal bears remain off the table unless witnessing a daily closing beneath an ascending support line from early April, close to $2,300 by the press time. Also acting as the downside filter is the 100-EMA level of $2,296, a break of which will welcome bears with open arms. On the contrary, Gold buyers seek a clear upside break of the three-month-old horizontal support-turned-resistance surrounding $2,431-34 to retake control. Following that, the precious metal’s run-up toward May’s peak of $2,450 and then to the recent swing high near $2,484 can’t be ruled out. However, the RSI conditions and the aforementioned multi-day-old resistance line, at $2,486 as we write, might challenge the XAUUSD bulls past $2,484. Following that, the bullion will be able to pierce the $2,500 round figure. To sum up, further decline in the Gold price appears certain but the bullish trend is less likely to reverse.
OANDA:XAUUSD
by MTradingGlobal
Impending Golden Cross keeps EURUSD bulls hopeful ahead of ECBEURUSD retreats from the highest level in four months as traders await monetary policy announcements from the European Central Bank (ECB) early Thursday. In doing so, the Euro pair justifies the overbought RSI conditions. However, a successful break of a descending resistance line stretched from early January, now immediate support near 1.0890, joins the bullish MACD signals to keep the buyers hopeful. Even if the quote drops beneath 1.0890 resistance-turned-support, a convergence of the 50-SMA and 200-SMA, close to 1.0810-05, will be a tough nut to crack for the bears. It’s worth mentioning that the 50-SMA is approaching the 200-SMA from below and portrays a bullish moving average crossover called “Golden Cross”, which in turn suggests further upside of the major currency pair. Meanwhile, EURUSD bulls can aim for the 1.0980-1.1010 resistance zone during a fresh upside. Following that, 1.1040 and the 1.1100 threshold may act as intermediate halts while directing buyers toward the late 2023 peak of 1.1140. In a case where the Euro pair remains firmer past 1.1140, the odds of witnessing a run-up toward the previous yearly high of 1.1275 and then to the year 2022 top surrounding 1.1495 can’t be ruled out. Overall, EURUSD remains in the upward trajectory despite the pre-ECB pullback. However, the upside room appears limited unless the quote offers a daily closing beyond 1.1010. It should be observed that the ECB is likely to keep the monetary policy unchanged but bears are waiting for the signals of further rate cuts in 2024.
by MTradingGlobal
Bullish Triangle Pattern Breakout seen in Garments mfg. stockHello Everyone, i hope you all be doing good. I have brought a stock which has given bullish triangle pattern breakout. Stock name is Cantabil Retail India Ltd and it was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000. Product Portfolio & Revenue Split 9MFY24 Men’s Wear (83%) - Formals, Casuals, Ultra Casuals, Woollen, Knitwear Women’s Wear (10%) - Shirts, Tops, Leggings, Kurtas, Kurtis, Capri, Pants, Jeans Kids Wear (3%) - Shirts, T-shirts, denim, trousers, Culottes, dresses, tops, jeggings, shorts Accessories (4%) - Innerwear, Belts, Socks, Ties, Handkerchief, Deo, etc. Technically stock has given neat and clean breakout of bullish Triangle pattern, Indicators like MACD & RSI started giving bullish crossover on chart. Price is above 200-DEMA. NOTE:- (I have not placed any indicators on chart just to keep chart neat and clean, but certainly i have done my analysis with indicators) Market Cap ₹ 2,450 Cr. Current Price ₹ 293 High / Low ₹ 310 / 181 Stock P/E 40.1 Book Value ₹ 39.0 Dividend Yield 0.31 % ROCE 18.0 % ROE 22.3 % Face Value ₹ 2.00 Industry PE 31.3 Debt ₹ 336 Cr. EPS ₹ 7.44 Promoter holding 74.1 % Intrinsic Value ₹ 131 Pledged percentage 0.00 % EVEBITDA 16.4 Change in Prom Hold 0.81 % Profit Var 5Yrs 37.4 % Sales growth 5Years 16.4 % Return over 5years 44.2 % Debt to equity 1.03 Net profit ₹ 62.2 Cr. ROE 5Yr 22.8 % Profit growth -9.09 % Earnings yield 3.82 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:CANTABILLong
by TraderRahulPal
2
Chennai Petro Big Move AheadHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Ascending Triangle Pattern in daily TF. * From Feb 2024 to July 2024 its in range. * From Feb 2024 to July 2024 Tested & Moving Resistance Many times. * It's break resistance Zone and trying to Sustain above Resistance Zone with good volume. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Fundamental Analysis Industry - Refineries Variance Full Year Net Profit Variance - 22 Equity Latest Equity - 148.91 Face Value Latest Face Value - 10 Reserves Total Reserve - 8672.01 Dividend Full Year Dividend % - 550 Sales Turnover Full Year Net Sales - 66385.73 Net Profit Full Year Net Profit - 2745.07 Full Year CPS Full Year Cash Per Share - 225 Earning Per Share Full Year Earning Per Share - 184.3 Mar 1, 2024 Latest Quarter Sales - 17720.18 Book value - 592.4 Networth Full Year Return on Networth - 63.45 Price to Book value - 1.834909 Yearly PE ratio Full Year Price to Earning per share - 5.9 Full Year Price to Cash Per Share - 4.8 BSE Value in lakhs - 2737.22 NSE Value in lakhs - 27755.57
NSE:CHENNPETROLong
by ChartSight
1