Swastik24

Swastik24

Expecting a fall from 1000-1050 levels Stay cautious. Do your own studies before taking any action. Peace!!

Swastik24

One of the global leaders in manufacturing and selling of Active Pharma Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs) and Finished Dosages. Fundamentally sound with good ROCE & ROE of around 19% Available at fair value with a forward PE of approx 7.5 whereas Sector PE is at 25.5 Debt to Equity is 0.40 due to capacity expansion. Highest...

Swastik24

The only small cap company engaged in the business of manufacturing of extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors and Green houses. Current capacity is 750 TPD which will be expanded to 2400 TPD by Q3 of 2024. India's solar energy capacity has grown with a CAGR of 41.39% from 6.76 GW in 2016...

Swastik24

India’s largest private thermal power producer with installed capacity of 13,650 MW. Fundamental Aspects: In 11 years Reserves increased 5 times, Sales increased almost 18 times, Net profit increased 20 times, Huge CAPEX for future expansion & Promoters holding is good 74.97%. The only concerning parameter is the debt to equity ratio, which is staggering 1.87. If...

Swastik24

India’s largest port developer and operator comprising 12 ports and terminals and 538 MMT of operating capacity. It also possesses the largest container handling facility in India. Fundamental Aspects: In last 11 years Reserves increased 11 times, Sales increased almost 9 times, Net profit increased 6 times, Huge CAPEX for future expansion & Promoters holding had...

Swastik24

India's largest mobile tower installation company. Its customers are Bharti Airtel, Vodafone Idea, Reliance Jio and BSNL. Fundamentally sound with strong sales growth and good ROCE & ROE numbers. Reduced net profit in recent quarters due to OPM hit and increased borrowings. Promoters have increased shareholdings by buying from FIIs & DIIs. Public shareholding...

Swastik24

Leading Indian manufacturer of Speciality Chemicals and Pharmaceuticals with a global footprint. Chemicals manufactured by Aarti are used in the downstream manufacture of pharmaceuticals, agrochemicals, polymers, additives, surfactants, pigments, dyes, etc. Borrowings increased due to increased CAPEX. Technically bearish as the price is moving inside an ending...

Swastik24

Robust and consistent financing margin behind good profit growth of 44.2% CAGR over last 5 years. Technically bearish and price may bounce near important key level at 1430 as highlighted. The technical target of H&S pattern highlighted is somewhere around 1480. Good to accumulate around 1350-1500 levels for the following targets: Medium term swing target @...

Swastik24

Fundamentals are good, revenue has increased more than 10 times in 11 years but OPM dropped by 66% due to increase in employee cost which is concerning. Borrowings increased to almost 100% but trade receivables & cash equivalents can make it up to 87.5%. Technically price is about to reach the base of the big descending triangle as highlighted and forming strong...

Swastik24

Fundamentally price is at its fair value and company is almost debt free with good ROE & ROCE numbers. Technically price has corrected till FIB golden zone and currently making higher highs and higher lows. It is moving inside an ascending channel as highlighted. Expecting the price to bounce from trendline support or the bottom of the channel. Good to...

Swastik24

Fundamentally undervalued as price is trading at 60% of its book value and it's PE is 1/3rd of the sector's PE. With an increase in REPO rates, borrowings are getting hit but financing margin is improving. After a long downtrend of around 3 years in a bearish impulsive move, now price is showing bullish corrective move which may end at 540 or 715...

Swastik24

The only listed fundamentally sound small cap company in its segment for kitchen appliances and quartz kitchen sinks. The company gets around 80% revenues from export markets and 73% of total revenues come from quartz sink. The company is going for another 20% expansion by adding 1L units to cater the demand of global customers. Price is making lower lows...

Swastik24

An undervalued high growth small cap company with strong fundamentals available at price below its book value. Price is nearing key support level around 22.65 level Good to accumulate around 20 - 25 levels for the following targets: Medium term swing target @ 65 (185% ROI) Long term swing target @ 85 (275% ROI) Long term positional target @ 102 (350%...

Swastik24

A debt free large cap company with strong fundamentals. Technically bearish as price broke the neckline of Head & Shoulder pattern. Bullish divergence with RSI indicating reversal can happen but RSI hasn't entered the bearish oversold range of sub 25 levels. As per Head & Shoulder pattern, the technical target is around 1850 level which lies at golden Fib zone...

Swastik24

A small cap company with strong fundamentals. Technically neutral as price is consolidating near KEY SUPPORT level at golden FIB zone after a long term downtrend. Bullish divergence with RSI indicating the price is bottoming out in confluence with the edge of the pitchfork. Good to accumulate around 1630-1730 levels for the following targets: Short term swing...

Swastik24 Updated 

Sona BLW is among the Top 10 Global Differential Bevel Gear Suppliers, Among the Top 10 Global Starter Motor Suppliers for PVs, and the Largest manufacturer of differential gears for PVs, CVs & Tractors in India. Sona Comstar has 8.7% market share in the global market in Battery Electric Vehicle (BEV) Differential Assembles, 5% in Differential Bevel Gear, and 3%...

Swastik24

A small cap company with good fundamentals. Revenue increased but net profit declined due to declining OPM. Technically bullish as price is moving in a WXY corrective move towards upside after a long term downtrend. As per conventional TA, it is forming a nice cup with handle pattern with a technical target of around 1300. Good to accumulate around 560-610...

Swastik24

A micro cap company with good fundamentals. Technically bearish as price is moving inside a falling wedge. Key level is around 365. Forming a nice cup with handle pattern with a technical target of around 900. Good to accumulate around 350-380 levels or buy after break out of the wedge pattern for the following targets: Short term swing target @ 550 (50%...