Here is my analysis on another stock , KEC INTERNATIONAL
Nothing much to explain in technical but the chart will say. Have a look @ the chart below.
Before you look at the chart, let me tell you one thing about this stock which is the reason for it to perform. You won't find people talking about this stock. No tweets and No fb posts ;). Your friend must not have talked about it neither your colleagues ;)
So here we go.
Isn't that a beautiful flag formation? The stock has recently taken support @ the 50 ema and bounced back to 300 levels.. but today giving us a nice opportunity to enter below 300 levels.
I feel the stock can easily give us 15%-20% in short span of time but technically the flag breakout target comes around 380-390 levels.(Not that haa!!)
Now talking about the fundamentals...
Debt to equity: 0.88
Price to Sales: 0.97
Reserves: ₹ 1,604.32 Cr.
Debt: ₹ 1,454.91 Cr.
Current assets: ₹ 6,567.48 Cr.
Just have a look @ the current assets /debt and the reserves. Doesn't it look just amazzzing ?
Check out the June qtr results
1.The company has shown good growth on QoQ results where the EPS has just got doubled.
2.Finance cost has reduced.
3.With reducing Interest rates, obviously the finance cost is coming to come down which add to the earnings.
The company is also expected to do well in qtr's to come..
Why don't you check our this latest article of Kec International talking about the future prospects and growth in the coming year.
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure: It is safe to assume that i might have Everest Kanto in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments. This is not a Buy/Sell call but just meant for reader Education purpose.
If you want to add more comments to the article or you see any thing incorrect please write a comment below and we will surely get back to you.