Shyam Century Ferrous Penny Investment
Updated
Shyam Century Ferrous Ltd is engaged in manufacturing Ferro Alloys like Ferro Silicon mainly in North-Eastern India. This business was transferred from Star Ferro and Cement Limited as a part of a demerger scheme in 2014.
Co. is promoted by Mr. Sajjan Bhajanka & Mr. Sanjay Agarwal who are also the promoters of Century Plyboards Ltd. & Star Cement Ltd.
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 59.96% CAGR over last 5 years
51% promoters holding
Technical chart showing good base around 15-20Rs
Can add some for long term investment around CMP 22-23, can add more if it comes around 15-20.
Targets are 25, 28, 31, 36, 40+
For investors there is no SL, however if one wants to keep, can exit below 9.
Please like and follow.
-Saptarish Trading
Co. is promoted by Mr. Sajjan Bhajanka & Mr. Sanjay Agarwal who are also the promoters of Century Plyboards Ltd. & Star Cement Ltd.
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 59.96% CAGR over last 5 years
51% promoters holding
Technical chart showing good base around 15-20Rs
Can add some for long term investment around CMP 22-23, can add more if it comes around 15-20.
Targets are 25, 28, 31, 36, 40+
For investors there is no SL, however if one wants to keep, can exit below 9.
Please like and follow.
-Saptarish Trading
Trade closed: target reached
first target achieved.
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