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RiderTrader
Aug 25, 2022 6:21 AM

SJS  Long

SJS ENTERPRISES LTDNSE

Description

S.J.S. Enterprises has an operating revenue of Rs. 398.75 Cr. on a trailing 12-month basis.

An annual revenue growth of 47% is outstanding, Pre-tax margin of 20% is great, ROE of 15% is good.
The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.

The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 11% above 200DMA.

It needs to take support around the 50 DMA level to continue further upside move.

Wedge with double bottom.
Can expect a very good move above 510.
I have placed a buy now @ 475
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