Heritgfoodheritage food looking good for swing trading given fresh breakout
Buy @350-55 with Sl-344 Tgt-400++
Key stats
Market capitalization
13.66BINR
Dividends yield (FY)
3.40%
Price to earnings Ratio (TTM)
25.55
Basic EPS (TTM)
5.75INR
About HERITAGE FOODS LTD
ISIN
INE978A01027
Sector
Consumer Non-Durables
Industry
Food: Meat/Fish/Dairy
Website
heritagefoods.in
CEO
Srideep N. Kesavan
Headquarters
Hyderabad
Employees
6.187K
Founded
1992
Heritage Foods Ltd. engages in dairy, retail, agri, bakery and renewable energy businesses. It operates through the following segments: Dairy, Renewable Energy and Feed. The Dairy segment manufactures and markets dairy products including fresh mil, curd, butter milk, lassi, ice cream, paneer, table butter, milk powder, flavored milk, UHT milk, Indian sweets and dairy whitener. The Renewable Energy segment produces power for captive consumption through its solar and wind power plants. The Feed segment refers manufactures wide varieties of cattle feeds. The company was founded by Nara Chandra Babu Naidu on June 5, 1992 and is headquartered in Hyderabad, India.
Heritage Foods - Past three months, price and volume increasedMulti Year Upward Sloping Channel
ATH in 2017 @ 853 & 80% drop to 141 in 2020
Plan -
to Purchase Above Breakout 550
Or, rejection indicators close to 220
P/B - 2.4
P/E - 21
D/E - 0.1
ROCE - 20
DIV - 1.7%
HERITAGE FOOD BULLISH Short Term Liabilities: HERITGFOOD's short term assets (₹2.9B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: HERITGFOOD's short term assets (₹2.9B) exceed its long term liabilities (₹624.5M).
Debt Level: HERITGFOOD has more cash than its total debt.
Reducing Debt: HERITGFOOD's
Big Buying opportunityIts Time to make money from Heritage food
Big opportunity next boom
First target 449
Second target 500
Third target 575
Fourth target 650
This is the time to inveatment
Heritage foodTis can be a promising trade. Bear flg formation so could give more downside after that new position can me made for good gains.
HERITAGEFOODS Cup & HandleFormed a perfect Cup & Handle on the weekly chart. Increasing daily volume , Daily & Weekly RSI above 60 indicating a good upmove ahead. Fundamentals are also strong. Keeping it for 1-2 months can expect a target of 800
Breakout from Triangle patternHeritage has BO'd fro triangle and moving up with decent volumes..targets marked for short term..if broader markets are steady then heritage will achieve targets,,This is an idea, not a recommendation to buy
Retest of channel and move upHeritage has retested channel and started moving up...24% move is a possibility. last time it retested channel and moved 22%. targets marked. let us wait and see. Do your own research. This is an idea, not a recommendation
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Income Statement
Balance Sheet
Cash Flow
Earnings
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Revenue
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