I'm buying this stock between 850-855 levels. The stock has posted 55% growth in sales and 117% growth in profit, the company has an ROE of 11.17%. Institutional demand is also up. 2018 annual profit was 93 cr. this year the company has done 121 cr in the last 3 quarters. I'm projecting Mar 2019 annual profit at 150 cr approx. so the projected growth in profit would be around 62%. stock is up 14 % since listing. we can expect a good 40/50 % upside from here. my stop-loss will be 800/808 levels. this trade is a combination of fundamental and technical analysis.
Comment:
Booked 50% profits @ 997. The stock has gone up 20% from its breakout point, looks a bit overextended. I will wait for the price to settle and enter again. Will keep you guys posted
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini