Ambika Cotton Looking strong on weekly chart. Ambika Cotton Mills Ltd. engages in the provision of manufacturing and selling of cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts.
Ambika Cotton Mills Ltd. CMP is 1581.05. The Positive aspects of the company are Attractive Valuation (P.E. = 14), Company with Zero Promoter Pledge, Company with Low Debt and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are Increasing Trend in Non-Core Income, Stocks Underperforming their Industry Price Change in the Quarter, and Annual net profit declining for last 2 years.
Entry can be taken after closing above 1589 and compounding above 1630 closing. Targets in the stock will be 1714 and 1760. The long-term target in the stock will be 1868 and 1906+. Stop loss in the stock should be maintained at Closing below 1467 or 1382 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
AMBIKCO trade ideas
AMBIKACO: Favourable Risk RewardGood Risk Reward around 1500
Momentum above 1870
Very well managed company, could be a beneficiary of the upcoming export target laid by GOI for the textile sector.
Watchout for the increasing trend in inventory build-up (concerning), which should reduce over the coming quarters translating to higher sales growth. What would the company do w.r.t the cash they receive would throw more light on the future growth rate of the company.
Ambika Cotton Looking strong AgainAmbika Cotton Mills Limited (ACML) based out of Coimbatore in Southern India, is engaged in the manufacture of premium quality Compact and Elitist cotton yarn for hosiery and weaving. Ambika Cotton is an established player in the international and domestic yarn market with exports constituting roughly sixty percent of its revenues. CMP of the stock is 1600.
Entry after closing above 1602. Targets in the stock will be 1643 and 1676. Long term targets in the stock will be 1700+. Stop loss in the stock should be maintained at closing below 1488.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Ambika Cotton Mills LtdClear Breakout - Target and SL given in chart
Market Cap
₹ 958 Cr.
Current Price
₹ 1,675
High / Low
₹ 1,888 / 1,310
Stock P/E
8.56
Book Value
₹ 1,426
Dividend Yield
2.09 %
ROCE
20.6 %
ROE
14.5 %
Face Value
₹ 10.0
Promoter holding
50.2 %
EPS last year
₹ 195
EPS latest quarter
₹ 31.7
Debt
₹ 0.00 Cr.
Pledged percentage
0.00 %
Net CF
₹ -110 Cr.
Price to Cash Flow
-12.0
Free Cash Flow
₹ -97.6 Cr.
Debt to equity
0.00
OPM last year
20.6 %
OPM 5Year
21.8 %
Reserves
₹ 811 Cr.
Price to book value
1.17
Int Coverage
24.8
PEG Ratio
0.66
Ambika Cotton 👚 - Result pop and long way to go from here?NSE:AMBIKCO
I am sharing my view on Ambika cotton previously several times -
from Rs1200.00 - stock is now poised for strong upside of above Rs 2200
Results that has come for this share has been exceptional
In the video I am sharing the technical and fundamental -result for 31 / 12 /2021
Disc: Invested , do you due diligence and research before taking action.
AMBIKA COTTON LOOKING GOODVIEW : -
POSITIVE
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
NSE:ACML Ambika Cotton Mill ( India) best in business..Ambika Cotton Mills Limited (ACML) based out of Coimbatore in Southern India, is engaged in the manufacture of premium quality Compact and Elitwist cotton yarn for hosiery and weaving. We are established ...
~ Cup and handle breakout
~ Expecting to go higher this time around, look at the volume profile .
~ Cotton Yarn prices are touching through the roof
~ company is a direct beneficiary
~ Company is best in business - all the top international clothing companies buy cotton for shirts, other clothes from Ambika
Disc: Invested in my LT portfolio and holding for long term