Shankara seems to be laying a strong foundation. Shankara Building Projects Ltd. CMP – 756.60
Market Capitalization Rs 1,834.7Cr
Red Flags:🟥
High Valuation (P.E. = 25.8)
Declining cash from operations annual
Green Flags:🟩
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Previous Happy Candles Number – 77/100
New Happy Candles Number – 86/100
X/2 Fresh Entry/ averaging / compounding after closing above 760
Final Entry 794
Targets: 809, 839 and 866
Long term target: 896 and 918
Stop loss: Closing below 671
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