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After falling 25% Nifty50 stock is giving good entry to go long Hello Everyone, i hope you all will be doing good in your trading and your life as well. Today i have brought Bajaj-Auto stock which has fallen 25% from all time high and now trading at importance support zone, There is higher probability for reversal from these levels. It is giving good entry for short term to long term traders and investors. Bajaj Auto, the flagship company of Bajaj Group, is a two-wheeler and three-wheeler manufacturing company that exports to 79 countries across several countries in Latin America, Southeast Asia, and many more. Its headquarter is in Pune, India. It has acquired 48% of the KTM Brand which manufactures sports and super sports two-wheelers, which was 14% in 2007 when the company first acquired KTM. Market Leadership:- The company is the 2nd-largest player in the domestic motorcycle segment in terms of volume. It is the largest 3W producer in the world and the largest exporter of 2W and 3W from India. Manufacturing Capacity:- The company has five manufacturing plants, of which two are in Chakan and one each in Waluj, Akurdi, and Pantnagar, with a total installed capacity of 7.1 million units per annum. Expansion:- In FY24, the company set up a new plant in Brazil with an initial capacity of 20k units/ month that commenced commercial production on Jun 24. It will incur capex of Rs. 600 Cr -Rs. 700 Cr in FY25-FY26, largely towards maintenance activities. Vehicle Financing:- Its wholly-owned captive financing company Bajaj Auto Credit Ltd. commenced business in Maharashtra and Goa on 1st Jan 24 and expanded to Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Rajasthan, and Gujarat. It plans to cover all the balance states by FY25. On Apr 24, the board approved additional investment in BACL of Rs. 2250 Cr, in addition to the existing Rs. 600 Cr approved earlier, to fund its expansion plans. Market Cap ₹ 2,72,363 Cr. Current Price ₹ 9,753 High / Low ₹ 12,774 / 5,285 Stock P/E 36.9 Book Value ₹ 1,109 Dividend Yield 0.80 % ROCE 33.5 % ROE 26.5 % Face Value ₹ 10.0 Industry PE 64.6 Debt ₹ 5,245 Cr. EPS ₹ 263 Promoter holding 55.0 % Intrinsic Value ₹ 3,891 Pledged percentage 0.01 % EVEBITDA 25.8 Change in Prom Hold -0.01 % Profit Var 5Yrs 10.7 % Sales growth 5Years 8.13 % Return over 5years 25.2 % Debt to equity 0.17 Net profit ₹ 7,371 Cr. ROE 5Yr 21.8 % Profit growth 7.74 % Earnings yield 3.64 % PEG Ratio 3.46 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:BAJAJ_AUTOLong
by TraderRahulPal
2
SBIN ready to rocketInternational Business The bank has a global footprint with a network of 233 branches/offices in 32 countries. It has presence in USA, Canada, Brazil, Russia, Germany, France, Turkey, Australia, Bangladesh, Nepal, Sri Lanka and other countries. Presently, Overseas business accounts for 3% of total deposits and 13% of total advances. Government Business SBI has always been the banker of choice to the government of India and is the market leader in government business. It had turnover of ~52,50,000 lakh crores and commissions of ~3,700 crores from government business in FY20.
NSE:SBINLong
by TechnicalAnalystSucrit
"Wipro’s Ascent: Ready for Takeoff ?"WIPRO buy above 581 Tgt 641, 719, 814,945 SL 520 Wipro seems to be comfortably resting at 581, but there's an energy in the air suggesting it’s gearing up for a serious ascent. With potential targets at 641, 719,814, 945 and maybe even an ambitious leap to 672, this stock looks like it’s ready for liftoff! 📈 It's as if Wipro suddenly decided, "Why linger in the 500s when I could aim for new milestones at 610 or even 652?" It’s eyeing those higher levels with the drive of an eagle that just had a double shot of espresso! ☕🦅 For those who trust in the mix of positive momentum and solid chart signals, keep your eyes open—672 could be closer than it seems. Sure, the climb might be challenging, but if Wipro's this determined, who are we to doubt? Just remember to set those stop losses and have a backup plan ready, in case the eagle opts for a side glide. 🪂 Here’s to Wipro’s journey upward! Let’s see if it reaches new heights or enjoys a pause at 581. Either way, it's bound to be an exciting ride! 🚀 "Trade smart and always respect risk." Happy trading!
Editors' picks
NSE:WIPROLong
by biplab86
2
CHOLAFIN - has completed 5 wave impulse from Covid LowsCHOLAFIN - CMP 1280 Primary count (Blue) suggests that the 5 wave impulse from Covid Lows seems to have ended (from 120 to 1650) The correction could stretch up to 0.618 or 100% of the 4th wave lows.. Price has decisively broken 200 DEMA.. I am expecting this to test 1000 levels in the coming days.. There is also an unfilled GAP at 900 levels.. if we are lucky, hitting that zone will be a jackpot It is not going to be one way fall though.. Because it is a long range cluster (1000-1300 - multiple week consolidation range) and there will be multiple supports and bounces on the way.. Immediate support for now is 1180
Editors' picks
NSE:CHOLAFINShort
by Murthy_Santhosh
1
Sikko Industries is at perfect position to Buy and go long Analysis Done according to Elliott wave theory for holding period 6 to 12 months. CMP is 103 on 29 October 2024 The correction has completed its Main wave 3 Subwave 2 and now Main wave 3 Subwave 3 is about to start and price can give us movement till 160 to 200 level so keep accumulating this share. Fundamentally The share has reported highest profit in the year 2024 so price correction is complete and now fundamentals will support its technical movement too.
NSE:SIKKOLong
by mohitdevelopments
Dr Reddy is Ready to fly in blue sky, Short term Trading Idea .I hope you all will be doing good in your life and your trading as well. I have brought a stock which has formed a pull back pattern and taken support at previous breakout zone. Stock name is Dr. Reddy's Laboratories Ltd and it is a leading India-based pharmaceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. Stock is good for short term trading idea as it has taken support in the previous breakout zone. Stock is good for long term investing as well. This can be best SIP stock to invest and get handsome returns in future. Market Cap ₹ 1,09,439 Cr. Current Price ₹ 1,312 High / Low ₹ 1,421 / 1,041 Stock P/E 19.7 Book Value ₹ 339 Dividend Yield 0.61 % ROCE 26.5 % ROE 21.4 % Face Value ₹ 1.00 Industry PE 34.5 Debt ₹ 2,002 Cr. EPS ₹ 66.7 Promoter holding 26.6 % Intrinsic Value ₹ 1,033 Pledged percentage 0.00 % EVEBITDA 12.3 Change in Prom Hold -0.01 % Profit Var 5Yrs 24.4 % Sales growth 5Years 12.6 % Return over 5years 18.9 % Debt to equity 0.07 Net profit ₹ 5,565 Cr. ROE 5Yr 16.7 % Profit growth 17.8 % Earnings yield 6.77 % PEG Ratio 0.81 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.
Editors' picks
NSE:DRREDDYLong
by TraderRahulPal
6