Observe Swing Investment Research
SPCENET (Spacenet Enterprises India Ltd) looks good above 22
Sl 15
Target 24-26-28-31 and above 31 targets of 35 can be expected
Holding Period Few Weeks
Pros~
Company has reduced debt.
Company is almost debt free.
Company's median sales growth is 96.0% of last 10 years
Sales has grown in massively last 2 years
Cons~
Stock is trading at 22.1 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 16.5%
Stock is trading at very high PE of 239
Company is reporting good sales in last 2 years but not paying any dividend
OVERALL FUNDAMENTALS ARE STILL NOT LOOKING VERY PROMISING
Technicals~
Stock is trading above all moving averages
Stock has given breakout after 4-5 month long consolidation
Huge buying has appeared in last 2 trading session
Technically stock is looking promising
SPCENET (Spacenet Enterprises India Ltd) looks good above 22
Sl 15
Target 24-26-28-31 and above 31 targets of 35 can be expected
Holding Period Few Weeks
Pros~
Company has reduced debt.
Company is almost debt free.
Company's median sales growth is 96.0% of last 10 years
Sales has grown in massively last 2 years
Cons~
Stock is trading at 22.1 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 16.5%
Stock is trading at very high PE of 239
Company is reporting good sales in last 2 years but not paying any dividend
OVERALL FUNDAMENTALS ARE STILL NOT LOOKING VERY PROMISING
Technicals~
Stock is trading above all moving averages
Stock has given breakout after 4-5 month long consolidation
Huge buying has appeared in last 2 trading session
Technically stock is looking promising