ABFRL LTD GOING TO BREAK 5 YEAR STRONG PRICE ACTION 225
업데이트됨
ABFRL ANALYSIS
ABFRL LTD (CMP 211.60) can provide up to 100% return opportunity on investment.
Key reason:
Technical levels - Stock is currently traded at 211.60, from last three weeks stock showing bottoming out as per charts and on the way to break 5 year strong price action.
Business overview:
Financial Performance-
Aditya Birla Fashion and Retail Limited reported the highest ever Q4 revenue for the Company, driven by strong retail L-to-L, omnichannel play, and network expansion.
The Company delivered sales of Rs. 2,880 crores, which is a growth of 26% over the same quarter last year.
The Company's consolidated PAT was negative Rs. 195 crores.
Store Expansion-
The Company added a record more than 500 stores and also added 1.6 million square feet of retail space to the network in FY23.
Pantaloons division recorded quarterly sales of Rs. 798 crores with a growth of 18% over the last year and 13% L-to-L growth.
ABFRL board approved the acquisition of 51% stake in TCNS Clothing Company Limited to expand the ethnic wear portfolio into the premium women's ethnic wear segment.
Company's e-commerce site, The Collective, is on the path to become a premier luxury e-commerce destination in India.
IMPORTANT TECHNICAL LEVELS:
If the stock hold above 225 and make support on it it can go up to 248.60/289.45/320.45 with in a very less reasonable time frame.
ABFRL LTD (CMP 211.60) can provide up to 100% return opportunity on investment.
Key reason:
Technical levels - Stock is currently traded at 211.60, from last three weeks stock showing bottoming out as per charts and on the way to break 5 year strong price action.
Business overview:
Financial Performance-
Aditya Birla Fashion and Retail Limited reported the highest ever Q4 revenue for the Company, driven by strong retail L-to-L, omnichannel play, and network expansion.
The Company delivered sales of Rs. 2,880 crores, which is a growth of 26% over the same quarter last year.
The Company's consolidated PAT was negative Rs. 195 crores.
Store Expansion-
The Company added a record more than 500 stores and also added 1.6 million square feet of retail space to the network in FY23.
Pantaloons division recorded quarterly sales of Rs. 798 crores with a growth of 18% over the last year and 13% L-to-L growth.
ABFRL board approved the acquisition of 51% stake in TCNS Clothing Company Limited to expand the ethnic wear portfolio into the premium women's ethnic wear segment.
Company's e-commerce site, The Collective, is on the path to become a premier luxury e-commerce destination in India.
IMPORTANT TECHNICAL LEVELS:
If the stock hold above 225 and make support on it it can go up to 248.60/289.45/320.45 with in a very less reasonable time frame.
노트
Stock currently traded near good resistance levels @ 225 if hold above this levels then good upside move we can expect.
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