Trade idea on HAL with good R:R
Hindustan Aeronautics
Technical:
CMP: 1296
Buy after it crosses 1313 on the hourly chart and is confirmed
Targets: 1425, 1568
SL: 1230
Rational: Both wedge + FIB breakout, already seeing increase volumes
Fundamental Top 5 points:
⁃ Services entire army fleet and >70% IAF and Navy
⁃ Decreasing inventory days reducing working capital needs
⁃ Strong order book
⁃ Consistent ROE > 20%
⁃ Reducing debt and Kd at 5.32%
Quick Valuation:
⁃ Trading at a PE of 13.33x - closest peer: Bharat dynamics trades at 20+ and other New listed IPO companies: Paras defence and data patterns trade >60PE (they are however only into design)
Technical:
CMP: 1296
Buy after it crosses 1313 on the hourly chart and is confirmed
Targets: 1425, 1568
SL: 1230
Rational: Both wedge + FIB breakout, already seeing increase volumes
Fundamental Top 5 points:
⁃ Services entire army fleet and >70% IAF and Navy
⁃ Decreasing inventory days reducing working capital needs
⁃ Strong order book
⁃ Consistent ROE > 20%
⁃ Reducing debt and Kd at 5.32%
Quick Valuation:
⁃ Trading at a PE of 13.33x - closest peer: Bharat dynamics trades at 20+ and other New listed IPO companies: Paras defence and data patterns trade >60PE (they are however only into design)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.