BSE listed:
Name : Valiant Organics Ltd.
Code: 540145
Trading idea:
Long suggested above 1185
Stop at 935
Lots 40 (for a capital of Rs 1 lac and a risk appetite of 10%).
Technical rationale:
Stock has corrected 22% from 52wks high with low volumes
and has been in a consolidation phase for the last few days,
effectively scaling up by 10%.
Stock possibly finding support at R4 Cam pivot.
Fundamental rationale:
ROCE 47%
ROE 30%
D/E nil
Promoter holding 46%
YoY d_CFO 100%
YoY d_NP 41%
YoY d_Sales 64%
(all as on Mar 2018 ; Quarterly fig not available).
Risk:
Low volume stock.
Only BSE traded.
Highly susceptible to downward freeze in case of broader market correction.
Name : Valiant Organics Ltd.
Code: 540145
Trading idea:
Long suggested above 1185
Stop at 935
Lots 40 (for a capital of Rs 1 lac and a risk appetite of 10%).
Technical rationale:
Stock has corrected 22% from 52wks high with low volumes
and has been in a consolidation phase for the last few days,
effectively scaling up by 10%.
Stock possibly finding support at R4 Cam pivot.
Fundamental rationale:
ROCE 47%
ROE 30%
D/E nil
Promoter holding 46%
YoY d_CFO 100%
YoY d_NP 41%
YoY d_Sales 64%
(all as on Mar 2018 ; Quarterly fig not available).
Risk:
Low volume stock.
Only BSE traded.
Highly susceptible to downward freeze in case of broader market correction.
Trading is my passion.