Stocktowatch
Eid Parry trying to parry out of tough timesE.I.D. Parry (India) Ltd. is engaged in the business of Sugar and Nutraceuticals. The company is amongst the leading sugar manufacturers in India, E.I.D. Parry’s 9 sugar plants are spread across South India. It is also a part of the INR 369 Billion Murugappa Group, one of India’s leading business conglomerate.
E.I.D. Parry (India) CMP is 480.70. Negative aspects of the company are declining annual net profits, promoter decreasing stake, FIIs are decreasing stake and MFs are decreasing stake. Positive aspects of the company are no debt and improving cash from operations annual.
Entry after closing above 488. Target of the call will be 507 and 546. Long term targets in the stock will be 584 and 629. Stop loss in the stock should be maintained at closing below 435.
NOW Entry, Volume, Target, StopEntry: when price clears 563.63
Volume: with daily volume greater than 1.39M
Target: 597 area
Stop: Depending on your risk tolerance; 552.52 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NSE : JBMA - JBM Auto for next rally for over 100%??NSE:JBMA
JBM Auto Ltd is an automotive company engaged in the manufacturing and sale of sheet metal components, tools, dies & moulds, and buses, including spare parts and maintenance contracts. 🚗💡🔧🚌
The Auto Components Segment: 🚘
Manufactures auto systems and high-level assemblies such as chassis & suspension systems, aesthetical parts, and BIW parts & assemblies. 🛠️🔩
The OEM Segment: ⚡🚌
Focuses on manufacturing technologically superior buses customized for different operating patterns. 📈
Developed and delivered electric buses, with an order book of around 1500 buses, including 200 electric ones. ⚡🚌
Tool Room Division: 🔧💼📐
Manufactures tools and dies for turnkey projects.
Major focus on safety critical items like chassis & suspension systems and key aesthetical parts.
Customer Base: 🌐🤝
Includes major OEMs like Ashok Leyland, Daimler, Nissan, Renault, Ford, Toyota, Volvo, Tata, and more.
Manufacturing Capabilities: 🏭📍🚚
15 manufacturing facilities strategically located near major OEM hubs.
Amalgamation of Subsidiaries: 💼🤝🔄
JB MA Automotive Pvt Ltd and JBM Auto Systems Pvt Ltd amalgamated with JBM Auto Ltd.
(Note: Please consult the original source for more detailed and up-to-date information)
Disc: Invested , second trance added today ,