The year 1958 witnessed the laying of the foundation stone of Hindustan Tin Works Ltd, one of the leading Can making companies in India today. With over half a century of existence, HTW is an industry leader, provides a wide range of metal packaging solutions to the world.
volume dried on daily chart. reduction in volatility of short term EMA holding 10 EMA level. Nice horizontal consolidation.
Hindustan Tin Works About to boom ?? on monthly time frame
Hindustan tin can be looked for target of 120-140 in short term.
Reverse Head and shoulder pattern. Expecting high bounce from here.
My idea is for educational purpose. Buy Hindutan tin @ 80 & decline for target for double from here.
It has good presence in packing industry especially packing of foods , juices containing TIN. Good fundamentals with PE less than 10 ie.., 6. Reached its 52 week high today. But @ CMP 80
1. Fundamentally strong company. 2. Back to back quarters good results. 3. Trading at half its book value 4. PE = 6 5. TTM EPS= 10.66 6. Grossly undervalued company. 7. Historic supply squeeze is driving Tin prices up. Has reached 10yr high. 8. Technically on the verge of break out. 9. Demand for Tin in the packaging space. 10. Stock can be a 5x to 10x...
i will open a position from lower levels to long it.