EaseMyTrip : Difficult Trip ahead?
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- EMT has been one of our star investments right from its IPO in March 2021.
- After giving 400% returns, It seems to have settled down in a comfortable range for almost 16 months now
- Yes, It is in the news for acquiring new companies and opening franchise stores. But, the latest news of the promoter selling his stake was a weak hand move. The holding went from 75% to 71% approx.
- Once a company has rallied so much, It becomes important to justify the pricing i.e. through a good EPS. The company struggles here as the PE stands at about 50. At its All time high, it was as high as 90.
- Also, the stock is trading at 18.2 times its book value.
- Technically, It has been consolidating. Lately, It broke the consolidation on the downside and is now testing the support ultimatum for the third time in the last 4 months. The resistance trendline too is a strong acting resistance.
- A break of the support ultimatum may open doors for a downward momentum.
What you do think will happen?
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
- After giving 400% returns, It seems to have settled down in a comfortable range for almost 16 months now
- Yes, It is in the news for acquiring new companies and opening franchise stores. But, the latest news of the promoter selling his stake was a weak hand move. The holding went from 75% to 71% approx.
- Once a company has rallied so much, It becomes important to justify the pricing i.e. through a good EPS. The company struggles here as the PE stands at about 50. At its All time high, it was as high as 90.
- Also, the stock is trading at 18.2 times its book value.
- Technically, It has been consolidating. Lately, It broke the consolidation on the downside and is now testing the support ultimatum for the third time in the last 4 months. The resistance trendline too is a strong acting resistance.
- A break of the support ultimatum may open doors for a downward momentum.
What you do think will happen?
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
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Today's 7% up move came out of nowhere. Updating the current price action. We may see a possible U-Turn. However, the levels around 45 -46 may be a good resistance.노트
The rejection came in hard >10%. We may see a bounce back노트
Crucial Point. We do have an immediate support.노트
The fall came in even after posting great results. It is suggested that it is because of the 72 Cr. recoverable from Go Air is to be written off in the Q3.Check the link for more details:
x.com/TheChartereds/status/1722204758264713709?s=20
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Change in perspective:노트
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BOOM!노트
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BOY-O-BOY!Weekly close is still pending:
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like i said, Weekly close is still pending.노트
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