- Daawat (LT Foods) is the leading processor of rice and other specialty foods in India.
- The firm's brands include Daawat, Royal, Daawat Brown Rice, Ecolife, Devaaya, and Kari Kari.
- It is a leading partner of Sustainable Rice Platform (SRP), a UN Environment and International Rice Research Institute initiative.
- LT Foods has a score of 96/100 and is among the best-growing companies as per Sustainable Rice Platform standards.
Market Capitalization: ₹2832 Cr.
52-Week Low: ₹58.35
52-Week High: ₹ 100.7
🔴 Financials Summary:
Sales Growth (10Y CAGR): 14.33%
EBITDA Growth (10Y CAGR): 13.69%
PAT Growth (10Y CAGR): 17.69%
EPS Growth (10Y CAGR): 15.64%
Return on Capital Employed (10Y CAGR): 14%
Return on Equity(10Y CAGR): 16.21%
Growth in Operating Cashflow (10Y CAGR): 18.46%
🔴 Technical View:
The chart has been analyzed on a daily timeframe. The stock is forming a prospective Cup and Handle pattern. The target for a Cup&Handle pattern is determined by taking the measure of the height of the cup and adding it to the breakout point of the handle.
The cup and handle will be formed when the price breaks out from the handle with above-average volume.
Currently, the stock is above MA21 and MA50, and the momentum indicator, i.e., Stochastic RSI, is near the oversold zone and has reversed. If the K-line(Blue) crosses the D-line(Red) from below, it will show bullish strength for the stock.
❗Entry Price: Above 89
Stop Loss: 85
The above analysis is for EDUCATIONAL PURPOSES ONLY. I shouldn't be held responsible for any loss incurred from the BUY/SELL of the analyzed asset. Please consult your FINANCIAL ADVISOR before taking any trade.