Devyani International Ltd Analyasis on 7 Jan 24
Stock PE is less than industrial PE
Good promoter holding 62% and FII 13.34%
Stoploss 168
target 206
225
240-255
DEVYANI INTL
company which houses brands such as KFC and PIZZA HUT is trading at 190 odd levels which is good pivot area for executing buying orders for targets of 225 which is earlier high and then towards 270.
at 190 levels, huge buying orders are seen in terms of increase in volume on the buy side.
it may anytime move towars 220 levels.
thanks
Devyani International Ltd involved in the business activities of event catering and other food service , which is the largest franchise of yum brands in India. More than 60% promoter stake with ROE ROA ROCE increasing for last two years. Eventhough the profit is increasing YoY , net profits are declining for last 2 quarters.FIIs are also increasing their...
The issue with the stock is it is currently trading at High PE ratio. Buying at this juncture is not prudent considering the fact that topline is steady but bottom line is showing some concerns.
About
Devyani International Limited is the largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants in India on...
On 5th September good bullish morubozu candled formed
On 6th September came for Entry
On 7th September again Bullish Morubozu candle
Good to entry on deeps
📌Strong 15m Candle closing above Resistance
✅Wait for more confirmation
DEVYANI
+ Breakout attempt in Smaller tf
+ Validated with Good volume
+ Above Key EMAs
Price is close to the support line,Trade can be initiated keeping resistance line as a target
Recently company has announced 20%YOY Growth.
Recommend by MOTILAL OSWAL as well with a target of 220.
SL can be maintained at previous swing low or at support.
![DEVYANI: Weekly breakout with increased volumes [ Avoid ]](https://s3.tradingview.com/y/yVmOUjud_mid.png "Weekly breakout with increased volumes [ Avoid ]")
