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IdeasNeosagi
Sep 12, 2023 5:31 PM

Madhya Bharat Agro Products Ltd. Long

MADHYA BHARAT AGRO P. LTDNSE

Description

*Madhya Bharat Agro Products Ltd*

P&F Formation on Monthly Basis.
Price BreakOut Needed. To be Watched.
Once Crossed 671 & Sustained, Then Good to Go!

Strong Vol Consolidation & Continued BuiltUp.

Tie-Up to supply "Rock Phosphate Ore" to MP Govt. Till 2029.

Financial Performance to be Monitored.
Growing Sales/Profitability. Low LT Debt. Growin TNW.
PE on higher side.
Fertilizer Industry related Risk - To be Monitored. Stretched WC Cycle. -ve CF from Ops.

Trail SL with Upside.
Book Profit as per Risk Appetite.

Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
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