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AMBIKA COTTON MILL LTD.AMBIKA COTTON MILL LTD.AMBIKA COTTON MILL LTD.

AMBIKA COTTON MILL LTD.

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AMBIKCO trade ideas

Ambika Cotton Mills Ltd | A Trending sectorAmbika Cotton Mills Ltd | A Trending sector Ambika Cotton Mills is engaged in manufacturing and selling specialty cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and Knitting facility of converting 40,000 Kgs of yarn per day into fabrics. Market Cap =₹ 1,014 Cr. ROCE=20.7 % ROE=14.5 % Debt to equity=0.00 Promoter holding =50.2 % Profit Var 3Yrs=28.9 % Sales growth 3Years=10.8 % Return on assets=12.4 % company s almost debt free and having good sales and profit growth. chart shows rounding bottom and consolidation period over . its time to up move in momentum side. friends I am not SEBI registered analysis. this is just education purpose only. before investing please do your research. if you like my simple way to teach technical and fundamental analysis than like boost and follow for more. thanks for supporting me.
NSE:AMBIKCOLong
by Momentuminvesting5540
AMBIKACO - watchout for close above 1900. TGT 2800NSE:AMBIKCO cmp 1741 watchout for close above 1890/1900 should do well above 1900 for tgt of 2800 The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
NSE:AMBIKCOLong
by ajaykalashi
Ambika Cotton rounding bottom patternAmbika cotton seems to be forming a rounding bottom pattern and showing some momentum. After 3 breakout attempts it seems to be showing some positive moment for it to go on the up. It has been in the consolidation phase for more than year and half. Expecting some upmove if we get good volumes to break on the up, with the levels of 1730-1846-1980-2173 only if it breaks 1740 with good volumes and over all market conditions are favourable. Strong base is at 1310-1202 levels. No recommendation, just my view based on chart pattern.
NSE:AMBIKCOLong
by viki9
Ambika cotton Long indicationAmbika cotton Long indication Chart had been in consolidation phase since more than an year after the down move. Current moment it's showing some volume and had bounced multiple times from the base level of 1370. Support levels of 1201 if it breaks. If we get some good volume and momentum then the levels I see is 1698 - 1746 - 1848. Levels of 1848 would act as a resistance and might stop here for quite some time if it reaches there. Black line was once touched and in the next time it would resist there. No recommendations, It's just for learning based on the chart pattern.
NSE:AMBIKCOLong
by viki9
Ambika Cotton Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price) 4. Either sell on initial stop loss hit or when closes below daily supertrend After increasing quarterly sales by 31% and quarterly profits by 146% NSE:AMBIKCO given a gap up opening and ended near day high after a consolidation of 3 months. Volumes were 10 times higher than average. Buy with a stop below Rs. 2450. Other Fundamentals: - 1. Main overseas clients are Quannitex Enterprise Corporatio, Pacific Textiles and Winnitex Investment Company 2. Main domestic customers are Arvind Mills, Raymond, Aashima Textiles and Morarjee 3. ACML specializes in manufacturing of premium quality compact and Eli Twist yarn. The company uses extra-long staple cotton in its yarn manufacturing by importing high-quality Giza and Pima cotton from Egypt and the US respectively 4. ACML has an established market leadership position in the industry 5. Borrowings came down to zero since Mar'20 6. Low debtor days of 8 7. FII holdings increased from 0.11 in Sep'21 to 2.30 in Dec'21 8. TTM Sales, OPM and TTM EPS increased hugely 9. Dividend Yield 1.28 % (consistent dividend payer since 2010) 10. Current ratio 9.50, Debt to equity 0.00, Int Coverage 107, FCF to CFO 67.5 %
NSE:AMBIKCOLong
by akashbothra