kurrent

kurrent Updated 

The stock dropped 4% after BSV acquisition announcement on Friday slid a little more to support levels of 2045 and bounced back to close at 2063. The Co. will be announcing earnings which if goes well, the company can break through 2,200 resistance and move upwards. The company also has regulatory approvals pending from: -Competition Commission of India...

kurrent

Fundamental thesis -Guidance for higher capacity and production in '25 - '26 -Company fundamentals have constantly outperformed previous periods -Good return ratios (Avg 6yr ROE > 30%/ROCE >29%) -Stock trading at July 23 level with all fundamentals outperforming previous periods -Increase in FII and DII holdings - Considerably low risk play as it one of the...

kurrent

Technical/Fundamental play Stock dipped post poor earnings, and may remain in this zone until post ex-div date. I will start adding from monday and go heavier post ex-date. Few points: Stock at '23 levels and strong support zone RSI at 26 (Lowest RSI in stock history) On avg analyst pricing this stock at 100rs (21% upside) Personal px tgt at 90rs (11%...

kurrent Updated 

Fundamental thesis: Stock not reflecting fundamentals correctly 3Yr EPS growth: 35% 3Yr Stock Growth: -11% Current Multiples Current PE: 28.5x Fwd PE (25E EPS 30 Rs): 24x Current BV: 5.7x Current EV/EBITDA: 17.5x Vs All time Median Multiples Median PE: 47.4x Median BV: 11.1x Median EV/EBITDA: 28.4x Vs Competitors Bajaj Finance: 28.6x Jio Finserv:...

kurrent Updated 

Can give breakout @155 - 160 Personal tgt in 10% (1:1)

kurrent

RSI at 30, nearly 12M support line Analyst giving upside of 10 - 20% Tgt @ 7200 (8 - 10% upside)

kurrent

Fundamental: Steel going through down cycle/margin improvement expected in 1QFY25 Analyst pricing the stock between 170 - 180 Technical: Stock at 9-month support line / RSI closed at 29, lowest in comps I believe it's a low-risk pick as the entire industry trending similarly and can expect a return of 16% - 20% with a price tgt @180 - 200