kokuyo camlinkokuyo camlin ltd breaked cup and handle with the support 155-160 we can see 240 & 300 utilize dips
KOKUYOCMLN trade ideas
Kokuyo Camlin looks like breaking a trendline resistance. Kokuyo Camiln were a single product company when started. Today company have achieved have over 2000 innovative products. Which is why Camel and Camlin are the most recognized stationery and art brand in India. Kokuyo Camlin Ltd. engages in the manufacture and market of stationery and education related products. Its stationery product portfolio includes art materials, artist colours, and marker pens. Kokuyo Camiln Ltd CMP is 140.35.
The Negative aspects of the company are High Valuation (P.E. = 33.40) and FIIs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, improving annual net profit and improving cash from operations annual.
Entry after closing above 144. Targets in the stock will be 155, 160 and 165. Long term targets in the stock will be 172 and 179. Stop loss in the stock should be maintained at closing below 127.
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6 Years Breakout-ATHThe stock just crossed the 2017 range and was corrected within 25% for some time and again the stock crossed that level while making a W pattern is a good sign to track the stock. Results are decent with reduced debt coming down quarter by quarter. lets the how the stocks perform from here on.
Long-term multibagger stock NEAR breakout and having good fundamentals like profit, sells growth, expension, etc. It look NextGen multibagger stock. Buy and hold it for long-term
KOKUYO CAMLINstock finding resistance at TL1...ONCE this selling is absorbed stock will move to hit TL2....and then on to TL3......which can be kept as first target.....approx..137/140
Kokuyo Camlin LTD- Weekly Chart- Trendline Breakout CMP 76 Kokuyo Camlin LTD- Weekly Chart- Trendline Breakout
CMP 76 Buy For Target 90-105-113-155+
Add More If Get @54-60
SL Below 40
Kokuyo Camlin - AttractiveA market leader in Printing and Stationery. If schools are believed to restart from September then this sector is about to ripe with a good chart pattern.
In spite of a breakout there is immediate resistance. With the RSI also quite high, I expect some consolidation.
Let's see how this stock runs if schools don't reopen. Maintain strict stop loss here based on your comfort.
Camlin Monthly Target 180Promoter holding is 74.99% The holding of the promoters (Kokuyo Company Limited, Japan and the Dandekar family) stands at 74.99% as of 30th September 2016. Of the balance 25.01%, a number of ultra-HNIs including Ramesh Damani as on 31st March 2016, he held a chunk of 375,000 shares of Kokuyo Camlin control a big chunk of the equity. Porinju Veliyath’s 582,375 shares of Kokuyo Camlin at Rs. 82.56 each for Equity Intelligence, his PMS fund Upto 16.68% is widely spread over 17,162 individuals.
Buy-back/ Delisting possibility?
When Kukuyo Japan stormed in to buy a majority stake in Camlin, there was speculation that it would make an open offer to buy back the rest of the shares and delist the company. However, that has not materialized so far. It may be recalled that Ricoh India, also a subsidiary of a Japanese behemoth, has already attempted delisting on two occasions. If the delisting plans for Kukuyo Camlin ever come up for discussion, one can be sure that the stock will surge to the stratosphere.
At CMP (then Rs. 100) the stock is trading at 1.6x FY16E and 1.3xFY17E EV/Sales. Buy Target 125,140,180 Sl 80 Monthly Closing basis
