Introduction:
Chaman Lal Setia Exports Limited (CLSE) was incorporated in Amritsar, Punjab in 1994 by Mr. Chaman Lal Setia and his sons. [1] It’s one of the oldest Rice Millers cum Exporters of Basmati rice of all varieties from India. [2]
The company is engaged in the business of milling and processing basmati rice. The company has been involved in export operations since 1982 and was recognized as an export house by the Ministry of Commerce in 1989, at present the company is a ‘Star Export House’.
Fundamentals:
Market Cap: ₹ 1,363 Cr.;
Stock P/E: 13.4 (Ind. P/E: 20.85) 👍;
ROCE: 16.7% 👍; ROE: 14.2% 👎;
3 Years Sales Growth: 17% 👍;
3 Years Compounded Profit Growth: 16% 👍;
3 Years Stock Price CAGR: 35% 👍;
3 Years Return on Equity: 18% 👍
Pros: Promoter, FII, DII have increased their holdings recently
Technicals:
Resistance levels: 287, 331, 375, 423
Support levels: 258, 252,
CLSE is trading above both 9 EMA(Orange Line), 21 EMA (Black Line) and 50 EMA (Blue Line) indicating bullish trend.
Can enter when the price takes strong support around 9 EMA.
Chaman Lal Setia Exports Limited (CLSE) was incorporated in Amritsar, Punjab in 1994 by Mr. Chaman Lal Setia and his sons. [1] It’s one of the oldest Rice Millers cum Exporters of Basmati rice of all varieties from India. [2]
The company is engaged in the business of milling and processing basmati rice. The company has been involved in export operations since 1982 and was recognized as an export house by the Ministry of Commerce in 1989, at present the company is a ‘Star Export House’.
Fundamentals:
Market Cap: ₹ 1,363 Cr.;
Stock P/E: 13.4 (Ind. P/E: 20.85) 👍;
ROCE: 16.7% 👍; ROE: 14.2% 👎;
3 Years Sales Growth: 17% 👍;
3 Years Compounded Profit Growth: 16% 👍;
3 Years Stock Price CAGR: 35% 👍;
3 Years Return on Equity: 18% 👍
Pros: Promoter, FII, DII have increased their holdings recently
Technicals:
Resistance levels: 287, 331, 375, 423
Support levels: 258, 252,
CLSE is trading above both 9 EMA(Orange Line), 21 EMA (Black Line) and 50 EMA (Blue Line) indicating bullish trend.
Can enter when the price takes strong support around 9 EMA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.