i have both type of view on mrpl trading as well as investment
trading view = buy target 62/65 stoploss 55.50
but i will invest in mrpl in sip mode
i will share my stratergy with you and the reason for my view and let me know if like it or not and agree or not
some key stats for mrpl
mcap to sales = 0.09
price to cash flow =. 2.13
price to sales =. 0.09
pitroski score =. 9
price to earning=. 0.093
growth
loss in last two quaterly results highly fluctuating results net profit shoots up or goes in loss
88.58 % shares held by ongc and hpcl
has not given any dividend from 2019 onwards
debt ratio 2.27 total debt18437 crs which has been used until 2020 for setting up the refinery at low interest rates source unknown interest rate can go up in rising rates enviorment. thats the reason of share price fall till now as per sebi guidlines promoter holding has to be max 75% the promoters are holding more than that as of now so may be after june july in last time there can be some fpo or sale of shares from promoter group the promoters are not going to sell at cheap price that is understandable so undervalued as of now but for how long that is the big question i will buy this stock only 10% now and will add over 3/4 months coming max till june july on decline only todays price is max i am going to pay for this stock and on declines will add on fundamental basis for max 2 years period
i my view 56 is good level technically
trading view = buy target 62/65 stoploss 55.50
but i will invest in mrpl in sip mode
i will share my stratergy with you and the reason for my view and let me know if like it or not and agree or not
some key stats for mrpl
mcap to sales = 0.09
price to cash flow =. 2.13
price to sales =. 0.09
pitroski score =. 9
price to earning=. 0.093
growth
loss in last two quaterly results highly fluctuating results net profit shoots up or goes in loss
88.58 % shares held by ongc and hpcl
has not given any dividend from 2019 onwards
debt ratio 2.27 total debt18437 crs which has been used until 2020 for setting up the refinery at low interest rates source unknown interest rate can go up in rising rates enviorment. thats the reason of share price fall till now as per sebi guidlines promoter holding has to be max 75% the promoters are holding more than that as of now so may be after june july in last time there can be some fpo or sale of shares from promoter group the promoters are not going to sell at cheap price that is understandable so undervalued as of now but for how long that is the big question i will buy this stock only 10% now and will add over 3/4 months coming max till june july on decline only todays price is max i am going to pay for this stock and on declines will add on fundamental basis for max 2 years period
i my view 56 is good level technically