Finolex cables looks like it will turn the table
Finolex Cables Ltd. principally engaged in the manufacturing of of Electricals Cables, Communication Cables & Other Electrical Appliances. Its manufacturing facilities are located at Panjim in Goa, Pune in Maharashtra and Roorkee in Uttarakhand.
Finolex Cables Ltd. CMP is 967.35. The Negative aspects of the company are High Valuation (P.E. = 23.1), Declining cash from operations annual, FIIs are decreasing stake, MFs are decreasing stake. The company's Positive aspects are No debt, Zero promoter pledge, Improving annual net profit.
Entry can be taken after closing above 983. Targets in the stock will be 1038, 1070 and 1107. The long-term target in the stock will be 1153, 1182 and 1221. Stop loss in the stock should be maintained at Closing below 834.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Finolex Cables Ltd. CMP is 967.35. The Negative aspects of the company are High Valuation (P.E. = 23.1), Declining cash from operations annual, FIIs are decreasing stake, MFs are decreasing stake. The company's Positive aspects are No debt, Zero promoter pledge, Improving annual net profit.
Entry can be taken after closing above 983. Targets in the stock will be 1038, 1070 and 1107. The long-term target in the stock will be 1153, 1182 and 1221. Stop loss in the stock should be maintained at Closing below 834.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Happy Candles Investment