FINPIPE trade ideas
FINOLEX INDS - GOOD RETURNSTHIS COMPANY SHARE PRICE IS LIKELY TO TOUCH ONCE THE RESISTANCE AT 496 IS CROSSED.
THE FUTURE TARGETS ARE 516 AND 547.
KEEP STOP LOSS AT 465.
Finolex India 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 %
FINOLEX INDUSTRIES Triangle BreakoutFINPIPE has been moving in a descending choppy random Triangle, respecting the baseline . May break either way on account of the results today-ish
Finolex IndustriesFundamentals-
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 hence it is good time to buy.
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> Franklin India Smaller Companies Fundholds 12L shares of this company.(Source-BSE India)
Positive News2--> DSP Blackrock Micro CAP Fund holds 15L shares of this company.(Source-BSE India, Economic times)
CMP-603(1st July'2017)
1st target-800(8-12 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
