Amrutanjan Health Care Ltd.*Amrutanjan Health Care Ltd*
P&F; on Decadal basis.
*W* in Yearly Basis.
RB on Yearly Basis.
Resistance @ 840 / 911 / 1022. To be watched.
Strong Vol Consolidation. Continues traction observed.
RSI: 1H>DM
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 levels on Weekly Basis.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Strong Financials / Vintage/ Brand / Product line.
Gradually growing Topline / Bottom-line on Yearly Basis. Nil debt levels. Satisfactory WC cycle.
Stable Promoter stake. Increasing FIIs/DIIs stake.
*Do your own research. This is an Opinion*
*_Happy Investing_*
AMRUTANJAN trade ideas
AMRUTANJAN1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
Amrutanjan Health breakout retest stock has given weekly trendline breakout
After breakout price has retested again at trendline
Took support multiple times and formed double botton (Reversal) pattern before breakout
Also showing some good buying activity
stoploss is little big which is 10-12%
Target is minimun All time high
Amrutanjan Health Care Ltd
Chart looks weak - HOLD
Fundamentally good stock
Market Cap
₹ 1,732 Cr.
Current Price
₹ 592
High / Low
₹ 775 / 553
Stock P/E
40.1
Book Value
₹ 99.5
Dividend Yield
0.77 %
ROCE
19.3 %
ROE
14.3 %
Face Value
₹ 1.00
Promoter holding
50.6 %
EPS last year
₹ 13.6
EPS latest quarter
₹ 2.40
Debt
₹ 0.91 Cr.
Pledged percentage
0.00 %
Net CF
₹ 2.72 Cr.
Price to Cash Flow
85.7
Free Cash Flow
₹ 11.3 Cr.
Debt to equity
0.00
OPM last year
11.7 %
OPM 5Year
16.0 %
Reserves
₹ 288 Cr.
Price to book value
5.94
Int Coverage
724
PEG Ratio
2.48
Price to Sales
4.48
Sales growth 3Years
13.2 %
Profit Var 3Yrs
16.6 %
Amrutanjan Healthcare long at 332 for an upside target of 502Amrutanjan HealthCare with CMP: 339.60 is looking good from short term perspective. Investors can create a long at 332 levels with SL: 317 for an upside target of Target: 502
Stock has taken support at 61.8 of Fibonnaci and now 3rd Wave has just started.