This TradingView idea analyzes CenturyPly (CENTURYPLY) on the NSE and explores its potential for growth in two scenarios, incorporating pivot point data for additional insights.
Company Financials:
• Market Cap: ₹ 14,820 Cr (as of December 2024)
• Current Price: ₹ 667
• P/E Ratio: 41.0 (below industry average)
• Book Value: ₹ 93.3
• OPM (Operating Profit Margin): 14.4%
• EPS (Earnings Per Share): ₹ 16.3
Scenarios and Target Prices:
• Scenario 1: Assuming OPM of 15.75% and EPS of ₹20.97, the target price could be around ₹790.
• Scenario 2: Assuming OPM of 14.91% and EPS of ₹18.27, the target price could be around ₹565.
Technical Analysis:
• The stock is currently trading below its key moving averages (SMA-30, SMA-50, SMA-100, SMA-200).
• The RSI and MFI are in the mid-range, indicating no clear overbought or oversold signal.
• The MACD indicator is below the signal line and center line, suggesting potential downward momentum.
Pivot Points:
• First Resistance: 683.1
• Second Resistance: 699.2
• Third Resistance: 713.6
• First Support: 652.7
• Second Support: 638.3
• Third Support: 622.2
Overall, this idea suggests that CenturyPly has potential for upside based on its historical financials and potentially improving margins. The pivot points can be used to identify potential breakout or breakdown levels.
However, the technical analysis still indicates some short-term weakness.
Here are some additional points to consider:
• Debt levels (₹ 483 Cr)
• Industry trends and future growth prospects
• Recent earnings reports and company news
• Broker analyst recommendations
Disclaimer: This is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions
Company Financials:
• Market Cap: ₹ 14,820 Cr (as of December 2024)
• Current Price: ₹ 667
• P/E Ratio: 41.0 (below industry average)
• Book Value: ₹ 93.3
• OPM (Operating Profit Margin): 14.4%
• EPS (Earnings Per Share): ₹ 16.3
Scenarios and Target Prices:
• Scenario 1: Assuming OPM of 15.75% and EPS of ₹20.97, the target price could be around ₹790.
• Scenario 2: Assuming OPM of 14.91% and EPS of ₹18.27, the target price could be around ₹565.
Technical Analysis:
• The stock is currently trading below its key moving averages (SMA-30, SMA-50, SMA-100, SMA-200).
• The RSI and MFI are in the mid-range, indicating no clear overbought or oversold signal.
• The MACD indicator is below the signal line and center line, suggesting potential downward momentum.
Pivot Points:
• First Resistance: 683.1
• Second Resistance: 699.2
• Third Resistance: 713.6
• First Support: 652.7
• Second Support: 638.3
• Third Support: 622.2
Overall, this idea suggests that CenturyPly has potential for upside based on its historical financials and potentially improving margins. The pivot points can be used to identify potential breakout or breakdown levels.
However, the technical analysis still indicates some short-term weakness.
Here are some additional points to consider:
• Debt levels (₹ 483 Cr)
• Industry trends and future growth prospects
• Recent earnings reports and company news
• Broker analyst recommendations
Disclaimer: This is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions