Chambal Fertilisers and Chemicals Ltd. is an interesting chart with following
Fundamentals
1. Company has reduced debt.
2. Company has a good return on equity (ROE) track record: 3 Years ROE 23.5%
3. Company has been maintaining a healthy dividend payout of 23.0%
4/ Debtor days have improved from 35.2 to 23.1 days.
5/ Company's working capital requirements have...
Chmabal Fertilisers
Undervalued stock - Stock PE 12 < INdustry PE 26
PEG < 1
Decent ROE, ROCE ~14-15
Poor sales growth but profits are intact. Decent Profit Growth ~8%
Promoter Holding has marginally increased in Dec qtr, FII holding is up by 0.6 bps
Hold for 5-6% minimum gains
Date : 09-03-2024
Buy Chambal Fertilizer above 403(Aggressive Buyers : 389)
Target of 414-432-450-467-485-521
SL 340
Strategy : SBO + RSI > 60 + EMA above 20, 50 & 200
Duration few Months
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Chambal Fertilisers Chemicals Making poll And Flag Patterns Looking For Positional Trade Do your Analysis Before Trade This Only for Educational Purpose
Trendline Breakout in #CHAMBLFERT with an excellent volume. The chart looks strong as the breakout happened with a momentum day candle
CMP 372
Support 355
Tgt 460|515
NSE: CHAMBLFERT is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 17% to 25% gain on...
