Finolex Industries Limited is a manufacturer of polyvinyl chloride (PVC) pipes and fittings, and PVC resins. Current Market Price: 489 Best Buy : 430's Target: 500 520 530 540 550 ++ Sl: 400 Time Frame: 3-5 Months Fundamental Analysis Company is virtually debt free ROCE: 25% ROE: 17 %
FINPIPE has been moving in a descending choppy random Triangle, respecting the baseline . May break either way on account of the results today-ish
Fundamentals- 1)A very attractive company in the space of PVC pipes and fittings 2)Company is beating the sectoral growth rate, operating profit, sales etc YoY and is a market leader. 3)numbers like Operating profit, net sales are doubling YoY @>15% 4)Company is significantly cleaning the balance sheet on YOY basis. 5)Share price is witnessing some correction and...