GRAVITA trade ideas
Gravita trying for a reversal to uptrend!Cmp2295
stop2200
target 2450
risk reward 1:1.5
technically in abotom reversal
yesterday heavy vol
today also volume coming up
can go up
sideways trend so need a large buying interest for upmove..
Above 10ema
fundamentally good co
sept qtr good
ROCE ROE SALES PROFIT ABOVE15%
FII DII HOLDING INCREASED.
Only for study purpose..not a reco
GRAVITA IS BEST FOR LONG TURM BUY U CAN ADD TWO SUPPORT BUYGravita India Ltd is one of the largest lead producer in India. The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects.
The company also has expertise in the recycling of used batteries, cable scrap/other Lead scrap, Aluminum scrap, Plastic scrap, etc.
Gravita looks Great for a long run. Gravita India Ltd. engages in the manufacture of lead metals by the process of smelting and recycling followed by refining, alloying and manufacture of lead oxide. The firm also trades lead scrap, ore, concentrates, battery scrap and allied Lead products globally. It operates through the following segments: Lead, Aluminium, Turn Key Solution, and Others.
Gravita India Ltd. CMP is 2243.25. The positive aspects of the company are Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, FII / FPI or Institutions increasing their shareholding, Increasing Revenue every quarter for the past 3 quarters and Growth in Net Profit with increasing Profit Margin. The Negative aspects of the company are high Valuation (P.E. = 57.7), Stocks Underperforming their Industry Price Change in the Quarter, Declining Net Cash Flow : Companies not able to generate net cash and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 2337 Targets in the stock will be 2413 and 2593. The long-term target in the stock will be 2688. Stop loss in the stock should be maintained at Closing below 1963 or 1770 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. 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. 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.
Looks promising!With exceptional ROE, strong interests from Institutions and with analysts recommending a buy, it seems like the stock will reach new highs.
I'm not a SEBI-certified advisor. My posts are just my ideas or trades I entered into. They may or may not work. I trade with a strict SL, and my RR is 3.
GRAVITA INDIA LTD S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Gravita India LtdBreakout observed and Target mentioned in chart
SL - 858
The prospects of the industry are different across various commodities, with the prospects for lead top the chart.
The Battery Waste Management Rules, 2022, is one such landmark policy that will benefit Gravita India, as the company is an organised lead recycler. The brokerage added that the prospects for plastic and e-waste recycling also appear promising but require further policy support.
Kotak Securities expects the revenue and PAT to grow 20 percent and 22 percent CAGR, respectively, over the next three years. The brokerage sees an RoCE of more than 20 percent and potential for multi-year compounding growth.
FUNDAMENTALS
Market Cap
₹ 6,858 Cr.
Current Price
₹ 993
High / Low
₹ 1,167 / 465
Stock P/E
29.3
Book Value
₹ 96.8
Dividend Yield
0.44 %
ROCE
31.6 %
ROE
42.0 %
Face Value
₹ 2.00
Price to book value
10.2
Intrinsic Value
₹ 558
PEG Ratio
0.81
Price to Sales
2.25
Debt
₹ 523 Cr.
Debt to equity
0.78
Int Coverage
6.82
Reserves
₹ 655 Cr.
Promoter holding
66.5 %
Pledged percentage
0.00 %
EPS last year
₹ 29.1
Net CF
₹ 6.95 Cr.
Price to Cash Flow
34.3
OPM last year
7.39 %
Return on assets
18.9 %
Industry PE
26.0
Sales growth
12.1 %
Gravita ! Gravita can again strike gold?Looks a trend reversal near by
its in a Short term downtrend
looks sellers exhausted
can make a upswing!
1450 will be set as stoploss level.
Target would be 1600
Risk 50rs reward 100rs++
RR 1:2
Battery makers in a bull mode and in demand
so this can also strike !!
Gravita India Ltd is one of the largest lead producer in India. The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects.
The company also has expertise in the recycling of used batteries, cable scrap/other Lead scrap, Aluminum scrap, Plastic scrap, etc
Disclaimer :
only for study purpose
not a buy or sell reco.
Strictly follow stoploss and target.
consult an registered advisor before any investments!!
GravitaStock name = Gravita India Limited.
Daily chart setup
Heavy Volumes
7% to 12% Quick Move Possible
Master Score - C
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
#Gravita india stock give breakout off its cup and handle neckline -944. as per me stock can reach 1017 its first target and final target can be 1066-71. stock fundamental is good to as its earning is getting better in every result. its only for education purpose only am not responsible for your lose.
Triangle Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Triangle pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose