Company Fundamental is looking strong .
Company Debt to equity ratio 0.29.
Anant Raj ltd. is primarily engaged in the development and construction of IT parks, hospitality projects, SEZs, office complexes, shopping malls and residential projects in the State of Delhi, Haryana, Andhra Pradesh, Rajasthan and NCR.
Multi year breakout
ARL, the flagship company of Anant Raj Group, was incorporated in 1985 and started
manufacturing of ceramic tiles later in 1985 and subsequently got listed in 1989. Later, the
company also operated as a contractor for the Delhi Development Authority. In 2003, the
company entered into Real Estate Development as 'Anant Raj Limited'. The...
🔸 Stock Trading above 50 & 200 EMA
🔸 Stock making Big Base with higher volume
🔸 Stock structure is Uptrend
🔸 Breakout Level 121 Support 107
🔸 RR Favorable for going long
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Anant Raj showed excellent quarterly results (As posted by company quarterly results till September 2022). Expectations of continued growth in the quarterly results can be observed ( to be released on 19th January 2023. for December 2022 results)
Revenue growth (QoQ) is +23.14% (Till September 2022 quarter and growth expected more in December 2022 Quarter...
ANANTRAJ LTD GOOD FOR SWING TRADING
Resistance breakout
Rejection 3-4times and then breakout
Buy = 96.55
1st Target= 113
2nd Target= 131
stop loss=76.60
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational...
Anant raj has been on an uptrend on the daily chart with a top in place at about 51... It appears to be getting squeezed and priming itself for a breakout. Fundamentally the stock is undervalued - trading at 0.3 of book giving investors a decent margin of safety on the downside.
