Shankara Building Products is one of the India's leading organized retailer of home
improvement and building products in India. The Parent and its subsidiaries (together
referred to as “the Group”) caters to a large customer base spread across various enduser segments in urban and semi-urban markets through a retail led, multi-channel
sales approach complemented...
Shankara Building Projects Ltd. CMP – 756.60
Market Capitalization Rs 1,834.7Cr
Red Flags:🟥
High Valuation (P.E. = 25.8)
Declining cash from operations annual
Green Flags:🟩
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Previous Happy Candles Number – 77/100
New Happy Candles Number – 86/100
X/2...
Stock coming out of slumber of last 5 years with decent volumes and increased sales growth in last 3 years.
Infra and Engg spending Capex will keep the stock busy and running.
Weekly Momentum RSI all favourable wrt RR from this point.
Key levels:
Support:800
Resistance: 900 990 1050
Writeup:
🚀💰 Multi-Year Stock Breakouts: Unleashing Financial Triumph! 💰🚀
1. Breaking Barriers, Igniting Prosperity: Watch stocks defy gravity as they smash through long-held resistance levels, ushering in a new era of financial success!
2. The Rise of Titans: Witness the rise of breakout stars as they conquer...
We can see that stock price increased by 50-60% when stock gave a breakout from downward trend line for last 3 times. I am hopeful that history will repeat this time also.
Keep this stock in your radar and take positions when breakout comes from the downward trend line, review at 1080, which is the immediate resistance
And around 45% up from the breakout level....
They serve home owners, professional customers (such as architects and contractors), and small enterprises, through their retail stores. Additionally, in the semi urban markets, they also cater to specific agricultural requirements of individual customers and small enterprises. Under retail operations, they offer a comprehensive range of products at their stores,...
BUY : SHANKARA BUILDING PRODUCTS
CMP : 585.50
SL : 515
TARGET : 680 - 750
Timeframe : 3 month
Breakout possibilities + company have very good quarterly result
On recent break give signal of buying,stock crossed a historical resistance 600 with delivery volumes. It seems some smart money moving in. Longer char seems even more stronger.
