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Next Most Probable Move of BankNiftyLast Friday we saw a smart recovery of BN from it's Trendline support perhaps making it's minor 5th wave moveup.Most probably we could see a gap-up opening above it's lifetime high of 44152 by breaking it's major resistance(trendline & LT high) and if it happens then could see it upto its upper channel or 44475 around. In case BN fails to break its LT high or trendline, we may see another downmove(less possibility) Let's see what will happen tomorrow. Please feel free to leave comments.
NSE:BANKNIFTYLong
by kaushikwbslg
ADVANCED ENZYME TECH - 105% RETURNS!!!BUY - ADVANCED ENZYME TECHNOLOGY LTD CMP - Rs. 289 Target - 1: Rs. 385 Target - 2: Rs. 475 Target - 3: Rs. 590 . . Technicals - Cup and Handle Pattern . Fundamentals - Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. 1) The company is almost debt free. 2) The company has been maintaining a healthy dividend payout of 19.5%. . A) Market Position - The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally. . B) Product Portfolio - The company manufactures and markets over 400+ proprietary products developed from 68+ enzymes and probiotics. It has approx 13 patents in its name. . C) International Presence - The Co. is present in more than 45 countries in the world and caters to more than 700 customers worldwide. The geographic split for FY22 is as follows: India - 44% Americas - 40% Europe - 6% Asia (Excluding India) - 7% Rest of the World - 3% . D) Business Segments - Human Healthcare (68% of revenues) The company provides proprietary enzyme products and customized enzyme solutions to various pharmaceutical and nutraceutical companies in India, North America, Asia (ex-India), Europe, and other countries globally. Animal Nutrition (11% of revenues) It provides enzyme-based feed additives for the animal nutrition industry, mainly catering to poultry and swine. Animal Nutrition product offering enables animals to maximize the nutrients they absorb from the feed which helps the customers to reduce the feed costs. Industrial Bioprocessing (12% of revenues) The company produces non-food processing enzymes for various industries such as textiles, leather, detergent, and pulp & paper, which are used in the manufacturing of a wide range of products. It also produces food processing enzymes which are essential for enhancing food and beverage products. Specialized Manufacturing (9% of revenues) In this segment, the Co. manufactures products based on effervescent technology. These effervescent products extend solutions in Nutraceutical, Pharmaceutical, Bakery, Washing solutions, and other Speciality products. . . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
NSE:ADVENZYMESLong
by nilakshgupta
LOYAL EQUIPMENTS - BREAKOUT!!!BUY - LOYAL EQUIPMENTS LIMITED CMP - Rs. 69 Target - 1: Rs. 93 Target - 2: Rs. 105 Target - 3: Rs. 140 . Max Return - 102% . . Technicals - Cup and Handle Pattern . Fundamentals - Company has reduced debt. Company is expected to give good quarter. Company has delivered good profit growth of 24.7% CAGR over last 5 years. Company's working capital requirements have reduced from 204 days to 139 days. . . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
BSE:LOYALLong
by nilakshgupta