Hello everyone, i have brought a positional trading idea, Stock has given breakout of it's neckline, chances are higher for upside from here, stock name is Mangalore Chemicals and Fertilizers Limited (MCF) is primarily engaged in the manufacture, purchase, and sale of fertilizers. It is a subsidiary of Zuari Fertilisers and Chemicals Limited, an Adventz Group.
Technicals:- Stock is trading above 200-DEMA MACD and RSI is giving bullish crossover (RSI AND DEMA i have not placed here, but i have done analysis for these indicators) Spike in volume is supporting breakout. Stock is good for short term positional base for given targets above in chart.
Market Cap ₹ 1,541 Cr. Current Price ₹ 130 High / Low ₹ 156 / 94.4 Stock P/E 9.95 Book Value ₹ 79.3 Dividend Yield 1.15 % ROCE 16.6 % ROE 17.8 % Face Value ₹ 10.0 Industry PE 31.5 Debt ₹ 1,039 Cr. EPS ₹ 13.1 Promoter holding 60.6 % Intrinsic Value ₹ 111 Pledged percentage 48.1 % EVEBITDA 5.40 Change in Prom Hold -0.01 % Profit Var 5Yrs 34.6 % Sales growth 5Years 4.31 % Return over 5years 26.9 % Debt to equity 1.11 Net profit ₹ 155 Cr. ROE 5Yr 15.5 % Profit growth 11.7 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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