******** STOCK OF THE DAY ********
Watch out the latest breakout in PRAJIND
BUY : 410 - 415
SL : 350 (Trail SL based on Price Movement)
TARGET 1 ---- 460 ( 10% from Entry )
TARGET 2 ---- 500 ( 25% from Entry )
TECHNICAL ANALYSIS
*11 months Consolidation phase has been broken by an Above Average Volume candle indicates Bullishness
* Low volume retest has been done after the breakout.
* Entry can be planned near the Support.
TRADING VIEW CHART LINK
ABOUT COMPANY
Praj Industries Ltd, incorporated in 1985 and headquartered in Pune has a presence across the globe with more than 750 references in more than 75 countries.It began as a supplier of an ethanol plant, today it is a global company providing various solutions with a focus on the environment, energy, and agri-process industry.
PROS
Company is almost debt free.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 58.61%
CONS
Stock is trading at 9.30 times its book value
The company has delivered a poor sales growth of 4.97% over past five years.
Promoter holding is low: 32.83%
Company has a low return on equity of 9.29% for last 3 years.
ANNUAL REPORT FINANCIAL YEAR 2021
Chart Setups as per technical and fundamental studies. Not buying or selling recommendations. These are for demonstration & educational purpose only. I’m not SEBI registered. If you like my charts or if you want to learn practically, subscribe here:
