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ONGC looks like a value buy. Oil and Natural Gas Corporation (ONGC) Ltd. is a public sector undertaking whose operations are monitored by Ministry of Operations and Natural gas, Government of India. ONGC is India’s largest government owned oil and gas explorer and producer. Its CMP is 143.75. Negatives of ONGC are such that there is a decline in quarterly net profits, decline in net cash flow and FII’s are decreasing their stake in the firm. Positives are followed by that they have no debt, book value per share is improving and MF’s are increasing their stake in the firm. Entry can be taken after closing above 145. Targets will be 154 and 166. Stop loss can be maintained at closing below 133. Dividend yield of the company at CMP is 8.2%.
NSE:ONGCLong
by Happy_Candles_Investment
Bodal Looking Bold. Might be Oversold. Bodal Chemicals Ltd. is a company that is into the sector of specialty chemicals. Bodal produces dyes and other related chemicals. It’s CMP is 83.4. Negatives of Bodal Chemicals are that their promoters are decreasing stake and quarterly net profits are decreasing. Positives are that they have low debt, FII’s are increasing stake and net cash flow is improving. Fresh entry in the stock after closing above 86 closing. Compounding above 90.25 closing. Targets 95 and 104. Stop Loss to be maintained at closing below 76.
NSE:BODALCHEMLong
by Happy_Candles_Investment
Hindware looking hold and move upwardsHindware Home Innovation Ltd. is a company which offers products in the sector of domestic appliances like air purifier and coolers, water purifier, water heaters, kitchen appliances and furniture, and many more. Its CMP is 377.95. Negatives are such that they have declining quarterly net profits and decline in net cash flow. Positives are followed by FII’s increasing stake, Zero promoter pledge and their book value per share have been improving. Take 3 entries X/3 each at three different levels 389, 399 and 411. Targets 447 and 458. Long Term Target 485. Maintain a stop loss at closing below 340.
NSE:HINDWAREAPLong
by Happy_Candles_Investment
2
NELCO aiming new bull run and probably new highsNelco Ltd. is a company having its first name of Tata Group is indulged in the operations of System Integration and Product Management for Industrial Solutions, Electronics, Defense Electronics, VSAT Networks and Automation, and offers other related services. Its CMP – 816.7. Negatives of Nelco are so that they have high valuations (P.E. = 106.6). Positives are followed by that they have improving quarterly net profits, improving net cash flow and FII’s are increasing stake in the firm. Entry can be taken after closing above 329 closing. Targets will be 878, 906 and 942. Long Term target 1065 and 1095. Maintain a stop loss at a closing below 740.
NSE:NELCOLong
by Happy_Candles_Investment
REC looking strong.Entry / Compounding / Averaging in REC can be done after closing above 110.5 closing. The target for REC will be 116.9 and 124. The Dividend yield of the stock is staggering 12% at CMP. Stop loss in the stock can be maintained at a closing below 97. Valuation of the stock is affordable as the stock is trading at a PE of 2.8. The negative aspect of the company is that MFs have decreased their stake off late and the net cash flow of the company is decreasing. The positives of the company are that FIIs are increasing stake. As mentioned dividend yield has historically been very high for REC. Net Profit of this PSU is increasing since last 2 years.
NSE:RECLTDLong
by Happy_Candles_Investment
PFC looking strong.Entry / Compounding / Averaging in PFC can be done after closing above 138 closing. The target for PFC will be 142, 148. Long term target in the stock will be 153. Stop loss in the stock can be maintained at a closing below 122. The Dividend yield of the stock is staggering 9.2% at CMP. Valuation of the stock is affordable as the stock is trading at a PE of 2.5. The negative aspect of the company is that MFs have decreased their stake off late and the net cash flow of the company is decreasing. The positives of the company are that FIIs are increasing stake. As mentioned dividend yield has historically been very high for PFC. Net Profit of this PSU is increasing since last 2 years.
NSE:PFCLong
by Happy_Candles_Investment
GNFC analysisFC - Gujarat Narmada Valley Fertilizers & Chemicals Ltd. today ema9: 600.90 ema20: 638.10 ema50: 669.55 ema100: 676.55 ema200: 645.15 ROE 5yr: 17% Strong EPS growth over the last 5yrs ROCE 5Yr: 20% Debt to Equity: Zero Strong cash flow from operations in the last 2yrs Increasing Annual Net profit Pledged percentage: Zero A good growth stock which should realise its true potential Stock P/E: 4.50 vs Industry P/E: 12.9(P/E ratio under 10) Technically speaking the stock was in a downtrend until today where it has shown some hope of reversal. Support Area: 505-533 Strategy: Look to buy at support area. Recommendation: The stock has been in a downtrend since 25.10.2022. Support area being at a very reasonable distance the ideal call would be to wait for price to enter the support zone. However we have witnessed a Bullish Engulfing reversal candlestick on the daily time frame which creates a good opportunity to enter this counter. The stock has made a low of 549.15 and a high of 579.30 today before closing the day at 576.10. We recommend a buy above 579.30 for a target of 735(Initial Target) and then on move towards our long term Target of 900+. Stop loss can be place below 505. For those who would like to follow the Price action set up we recommend a buy above 579.30 with a stop loss of below 549 for a Target of 609(1:1) and the next Target of 639(1:2) Intraday traders book your profits at the earliest and trail your profits.
NSE:GNFCLong
by ruelfernandes
1
Allcargo Logistics analysisALLCARGO LOGISTICS 9EMA - 454.95 20EMA - 438.80 50EMA - 409.60 100EMA - 379.3 200EMA - 344.2 Good ROE(Last 5yrs) - 14%+ EPS has grown from a range of 6 to 42(current) Strong cash flow Strong ROCE(26) over the past 5yrs(15) Improved Book value(148cr) compared to 5yrs back(80cr) Zero pledged percentage Recently created a new 52nd week high Stock P/E(11) vs Industry P/E(25) This Stocks benefits from lower Crude Oil prices An undervalued stock which has great potential to grow Technically Strong Stock RSI showing strength Continuation of good volumes for this stock could end up with a new HIGH Recommended for a buy at CMP or on dips for a target of 490+ with a stop loss of below 455
NSE:ALLCARGOLong
by ruelfernandes
Walchandnagar Industries waking up from slumber. Walchandnagar Industries Ltd. is a Heavy Engineering company which has its operations in Engineering, Fabrication and manufacturing for Sugar plants, Industrial and Marine gears, Defense, Aerospace, Nuclear power, Railway etc. Its CMP is 65.7. The negatives of the company are that they have high promoter pledge, decline in quarterly net profits and book value per share is deteriorating. The positive of Walchandnagar are that they have improving net cash flow, return on capital employed (ROCE) And return on equity (ROE) increasing. Entry can be taken after losing over 68 levels. Target will be 71.8 and 75.9. Long term target can be 85 in this stock. Stop loss in the company can be maintained at closing below 57. Educational Purpose / For Paper Trading only.
NSE:WALCHANNAGLong
by Happy_Candles_Investment
Bajaj Healthcare looking good. Bajaj Healthcare Ltd. is a pharmaceutical company which is into the operations of manufacturing of amino acids, nutritional supplements and other pharmaceutical ingredients. Its CMP is 400.1. Negatives of Bajaj Healthcare are that they have declining net cash flow and FII are decreasing their stake in the company. The positives are that they have Zero promoter pledge and increase in operating profit margins. X/2 Entry in Bajaj Healthcare can be taken above 408 and X/2 above 431. Targets will be 462 and 496. Stop Loss can be kept at a closing below 360. Educational purpose / Paper Trading only.
NSE:BAJAJHCARELong
by Happy_Candles_Investment
LU Lufax Most Undervalued Chinese StockFor the China reopening thesis i think LU Lufax Holding is the one of the most undervalued stocks you can own right now! And i will tell you why! LU Lufax Holding has a ridiculous PE Ratio (TTM) of only 1.81! The Forward Dividend & Yield is 0.51 (21.79%)! Last year the stock was $18.30. It has lost most than 90% of its value, while the business is growing and pays dividends. The yield alone is a big gain, even if the price stays flat. Last year Morgan Stanley had a price target for LU of $13 while JPMorgan Chase of $15. 3rd biggest shareholder is BlackRock, with an estimated average of $6.11. You can but the stock now 3 times cheaper than BlackRock. The average daily volume in the past 3 months is high, more than $10Mil daily (i think someone is accumulating). My price target is the $7.10 resistance. I believe LU is a premium call. Looking forward to read your opinion about it!
NYSE:LULong
by TopgOptions
3