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LIKHITHA INFRASTRUCTURE LIMITELIKHITHA INFRASTRUCTURE LIMITELIKHITHA INFRASTRUCTURE LIMITE

LIKHITHA INFRASTRUCTURE LIMITE

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LIKHITHA trade ideas

Price Action and Fibo SetupStock have given breakout with above avg. volume. The candles which have formed in last few sessions are bearish but looks weaker as there is continues decrease in volumes. This means sellers are not that powerful at these levels now. While using Fibonacci, applying top to bottom, I see that it have tested 0.61 level. Which means there's high probability of trend reversal. Yes, it's strong fibo resistance and hard to break it with first attempt. It did took resistance and now retraced. This small pullback can generate a good potential to break the resistance. Also bullish engulfing at bottom. These are the multiple points that I saw. This is risky setup cause 1) it's very smallcap 2) Not very good breakout candle. This analysis is done by me, all on my own. This post is for information purpose only, don't consider it as call. Just sharing what I see on charts.
NSE:LIKHITHALong
by AkshayAdak
Likhitha Infrastructure Ltd - Fundamental and Technical AnalysisLikhitha Infrastructure Ltd is engaged in the business of Pipeline Laying providing comprehensive erection, testing and commissioning of Oil & Gas Pipelines, City Gas Distribution Projects and Operation and Maintenance (O & M) Services. Company’s operations include three principal business lines: (i) Cross Country Pipelines and associated facilities; (ii) City Gas Distribution including CNG Stations; and (iii) Operation & Maintenance of PNG/PNG services. FUNDAMENTALS: > It is a Small Cap company with a market cap of just Rs.868 Cr, very small company. > The ROCE and ROE is at 35% and 26% respectively which is very impressive. Positive. > Stock P/E is at 30 which makes the valuation still attractive as compared to the sector P/E at 59. Positive. > Higher than Industry Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 28.6%, vs industry avg of 4.97%. Positive. > Increasing Market Share: Over the last 5 years, market share increased from 0.02% to 0.07%. Positive. > Higher than Industry Net Income: Over the last 5 years, net income has grown at a yearly rate of 62.72%, vs industry avg of 26.93%. Positive. > Very robust Topline and Bottomline, continuously increasing on YoY basis. Company has delivered good profit growth of 62.74% CAGR over last 5 years. > Debts: The company have Debts of Rs. 0 Cr as per Mar 21 Balance Sheet. This is called completely DEBT Free Company. > Reserves: The company is increasing its cash reserves on YoY basis too, Rs. 134 Cr as per Mar 21 Balance Sheet. > OPM is rapidly growing, which is wonderful, it is at 23% as per Mar 21 Balance Sheet, and if we look at last 5 year average it is at 17.6% that’s wonderful. > Promoters holding is intact at whopping 74.11% that is a good sign, like they trust their own business and staying invested. TECHNICALS: > On the chart stock is continuously in UPTREND since it’s listing in Oct 20. > Long Volume towers as indicated by blue arrows at the bottom indicates that lot of accumulation is going on in the stock at almost regular intervals. CLIENTS: ONGC, GAIL, Indian Oil, IGL, HPCL, Torrent Gas, Adani Gas. All big brands in the Gas distribution sector is getting their work done through LIKHITHA. GAS Distribution is the sector of future. Fresh Buy - AT CMP i.e. Rs. 439 Old Buy – Hold Target – Hold for at least 2-3X return. Risk Management Tip: Never invest more than 5% of your capital in any single stock. Happy Investing! ShareMktSchool
NSE:LIKHITHALong
by ShareMarketSchool
2
Lets see where it moves Company is engaged in the business of Pipeline Laying providing comprehensive erection, testing and commissioning of Oil & Gas Pipelines, City Gas Distribution Projects and Operation and Maintenance (O & M) Services. It has advantage as the CNG demand is increasing and so we need infrastructure to satisfy the demand. This company will be benefited. Good one for short/long term. This post is for information purpose only. I'm only posting cause I want to share my analysis and views. The more you make market simple for yourself the more you grasp knowledge and move ahead. Hope you like it.
NSE:LIKHITHA
by AkshayAdak
Likhitha infrastructure -Perfect Technical Breakout & News basedLikhitha Infrastructure Ltd is involved in developing CNG-GAS stations and gas pipelines and also has clients like igl, mgl, guj gas & adani gas. It started a big rally because of the Indian govt interest in developing a huge network of CNG stations all over India. Technically, stock gives a strong BreakOut in the Day TF and can make a strong rally in the next few days. Short term or positional investors can consider the stock for good gain.
NSE:LIKHITHALong
by Tradeshiv