Shree Pushkar Chemicals & Fertilisers Ltd. Long

SHREE PUSHKAR CHEMNSE

Description

⋅ Mar 15, 2022 3:50 PM

*Shree Pushkar Chemicals & Fertilisers Ltd.*
Cup & Handle Formation: Weekly Basis
Strong Price/Volume Consolidation.
Price BO to be Watched

*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*

*Fundamentally Sound Company*
Engaged in manufacturing / trading of chemicals, dyes & dyes intermediate, cattle feeds, fertilizers and soil conditioner.

Stable Sales / Profitability on Qtrly / Yearly Basis.
Low Leverage / +ve Cash Flows
Significant Promoter Holding. FII Stake Increasing since Jun'21.
Dividend Paying Co.

Concern: RoA/RoE/ROCE on decline since Last 3 Years.

Revenue / Profitability Improving - Qtrly (Since Jun'21)/Yrly Basis. Moderate Leverage / Improving WC Cycle. Dividend Paying Co. FII stake decline in last 2 Qtrs.

*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)

Technical Indicators Chart Patterns

Comments

manojjjain123

⋅ Jun 15, 2022 1:21 AM

what to be done now.. . still a buy?

IdeasNeosagi

⋅ Jun 20, 2022 3:48 PM

@manojjjain123, Hi, if you are holding it then don't sell in panic. This market correction was majorly triggered due to Russia-Ukraine War. An aberration. Fundamentally, nothing wrong with the company. And now, this has resulted in Inflationary pressure, which will be corrected in due course of time. So. hold. Chemical Industry is gaining traction in India.