CAPLIPOINT trade ideas
Caplin Point Lab, Good Fundamental with technical reasons to buyTechnical Reasons to Buy
- Price Range break out on daily chart .
- Higher high structure at One hour Time frame.
Fundamental Reasons to Buy
- Consolidated net profit rises 19.96% in the June 2022 quarter
- Stock Trading at 19.8 PE which is lower then industry average.
- ROCE 30.34, High Return on Capital stock
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 25.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
- Company's median sales growth is 32.7% of last 10 years
Caplin Point Caplin Point... for details refer to the chart
Market Cap
₹ 6,182 Cr.
Current Price
₹ 816
High / Low
₹ 1,008 / 626
Stock P/E
20.6
Book Value
₹ 196
Dividend Yield
0.25 %
ROCE
30.3 %
ROE
23.7 %
Face Value
₹ 2.00
Dividend Payout
5.06 %
Industry PE
23.9
Return on equity
23.7 %
PEG Ratio
0.80
Price to book value
4.17
Debt to equity
0.00
Profit after tax
₹ 300 Cr.
Graham
₹ 417
Piotroski score
7.00
ROCE
30.3 %
Pledged percentage
0.00 %
Altman Z Score
9.11
Chg in FII Hold 3Yr
-5.54 %
Chg in DII Hold 3Yr
1.09 %
Profit Var 3Yrs
19.6 %
EPS PY Qtr
₹ 8.77
EPS latest quarter
₹ 10.4
EPS Prev Qtr
₹ 9.89
Caplin point In short term bear market some of the stocks are outperforming the market..like Caplin point... Double bottom based formed around 675 level... volume being dried up big hand are not selling the stock. It seems good stock to acculamate, can given good return once market mood get change .. CMP: 800 sl: 650(wcb) target: 950/1200/1550
Caplin Point in-focus for breakout After consolidating for about 7 months now...it is probably going to give a closing above its upper trend line today.
It will be a triangle pattern breakout..
Strategy -
- Watch for the next session if it continues the momentum.
- A retest back to the upper trend might happen.
- Closing above 820 resistance shall be a confirmed entry.
- Short term targets - 870/880++