SPCENET (Spacenet Enterprises India Ltd)
Observe Swing Investment Research
SPCENET (Spacenet Enterprises India Ltd) looks good above 22
Sl 15
Target 24-26-28-31 and above 31 targets of 35 can be expected
Holding Period Few Weeks
Pros~
Company has reduced debt.
Company is almost debt free.
Company's median sales growth is 96.0% of last 10 years
Sales has grown in massively last 2 years
Cons~
Stock is trading at 22.1 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 16.5%
Stock is trading at very high PE of 239
Company is reporting good sales in last 2 years but not paying any dividend
OVERALL FUNDAMENTALS ARE STILL NOT LOOKING VERY PROMISING
Technicals~
Stock is trading above all moving averages
Stock has given breakout after 4-5 month long consolidation
Huge buying has appeared in last 2 trading session
Technically stock is looking promising
SPCENET (Spacenet Enterprises India Ltd) looks good above 22
Sl 15
Target 24-26-28-31 and above 31 targets of 35 can be expected
Holding Period Few Weeks
Pros~
Company has reduced debt.
Company is almost debt free.
Company's median sales growth is 96.0% of last 10 years
Sales has grown in massively last 2 years
Cons~
Stock is trading at 22.1 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 16.5%
Stock is trading at very high PE of 239
Company is reporting good sales in last 2 years but not paying any dividend
OVERALL FUNDAMENTALS ARE STILL NOT LOOKING VERY PROMISING
Technicals~
Stock is trading above all moving averages
Stock has given breakout after 4-5 month long consolidation
Huge buying has appeared in last 2 trading session
Technically stock is looking promising
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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.