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EID PARRY INDIA LTDEID PARRY INDIA LTDEID PARRY INDIA LTD

EID PARRY INDIA LTD

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EIDPARRY trade ideas

EID Parry for 40% gainIn the longer time frame, the stock seems to be in Wave 5 that could lead to about 1000+ levels. The present level (620) is part of Wave III that may culminate at around 880 which is also the 1.618 fib level as seen in the chart. This doesn’t mean that the rise will be a straight line. The zigzag move may take some time but even if it takes 6 months or more to reach 880 (40% gain), the return is good. Any fall towards 590 levels should be an opportunity to add. This is not a recommendation to trade. Please do your own due diligence.
NSE:EIDPARRYLong
by DhandhaPaani
For Study - Support based tradeEID Parry I already traded in this. Exited in profit. Sharing this for learning and observation. Stock price taking bounce when it comes near 50 MA. I took a 1:2 risk when the Price came near 50 MA. Kept trend line as target. Support based trades may not work all the time. Risky trades. One of the reason I took this trade is because PPFAS mutual fund bought these shares. I thought once the selling is absorbed it should give a spurt, later it continues to move up if more buying comes or go down if sellers take over. Whichever case I followed GTT. Price retraced to 50 MA now with no volumes, I am expecting a bounce again but this time I will watch and observe.
NSE:EIDPARRY
by RS_V
EID PARRY: 200 years legacy business EID Parry is engaged in sugar, nutraceuticals, and ethanol production. It also has a significant presence in the Farm Inputs business, including biopesticides, through its subsidiary, Coromandel International Limited Co. has four R&D facilities in India including a research farm- recognized by DSIR. In FY22 co. spent Rs. ~6 crores on R&D activities Product Segment:Sugar (~70%): Distillery (22%): Cogeneration: Power (6%) Nutraceuticals (2%): Co. exports to 40 countries globally. In FY23, ~6% of the total revenues were generated from exports (standalone). The company has six sugar factories with the capacity to crush 40,300 tons of Cane per day, generate 140 MW of power and have five distilleries with a capacity of 417 KLPD The capex plans of the company, which include 120 and 45 KLPD expansions in Haliyal and Nellikuppam, are in progress. The total cost of these projects is ~₹270 crore. The company has also secured sanction letters amounting to ₹237 crores for the same. As of April 23, the company has utilized ₹10 crores, and the projects are expected to be completed by FY24. The company has total equity investments in subsidiaries and joint ventures (JVs) to the extent of ₹687 crores (FY21: ₹824 crores) as of March 31, 2023. Of these, the majority of the investments are in CIL (₹112 crore), PSRIPL (₹478 crore), and US Nutraceuticals Inc. (₹82 crore) It is also exploring opportunities to convert Sugar, distillery, & Nutra by-products (waste) into value-added Products suitable for aquaculture, Poultry & Animal husbandry. Co. has developed nutrient-rich, eco-friendly, soil-less media from sugar cane bagasse both for the international and domestic markets.
NSE:EIDPARRY
by pratik2358
Sweetness is about to get even sweeter with this sugar stockHello Traders and investors, All sugar sector is in limelight since few years, but this stock has performed with an average in rally. But it seems consolidation has been over now and this is now ready to fly in blue sky. In this week volumes are high for delivery, it seems smart money has taken entry and i am expecting this rally should exceed from here. And guy's this is one of the very old company in India. EID Parry is engaged in Sugar, Nutraceuticals and ethanol production. It also has a significant presence in the Farm Inputs business including Bio pesticides through its subsidiary, Coromandel International Limited. Market Cap ₹ 9,535 Cr. Current Price ₹ 537 High / Low ₹ 628 / 433 Stock P/E 9.62 Book Value ₹ 375 Dividend Yield 1.77 % ROCE 27.4 % ROE 16.2 % Face Value ₹ 1.00 Debt ₹ 878 Cr. EPS ₹ 55.8 PEG Ratio 0.35 Promoter holding 44.5 % Intrinsic Value ₹ 836 Pledged percentage 0.03 % EVEBITDA 2.23 Change in Prom Hold 0.00 % Profit Var 5Yrs 27.2 % Sales growth 5Years 18.0 % Return over 5years 19.8 % PROS Company has reduced debt. Company has delivered good profit growth of 27.2% CAGR over last 5 years. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:EIDPARRYLong
by TraderRahulPal
4
Amazing breakout on Weekly / Daily Timeframe - EIDPARRY Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-)
NSE:EIDPARRYLong
by Yoyohoneysingh93
Ready for breakout - EID ParryEID Parry has made double bottom after about a year of consolidation. Now it is ready to give a breakout which will break its lower-high pattern and give a boost for new highs. Stock has seen good volumes during past a few weeks, giving confidence for a breakout soon. CMP: 565 Breakout level : Today's high (579) SL: 560 Targets : 540 / 700 Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
NSE:EIDPARRYLong
by anuragcoma15