C&H Pattern in Making: Yrly Basis C&H / 5 Yr Price Trendline BreakOut: 18% Upside Needed / Sustained. Weakness in Vol. / BuiltUp & BreakOut Needed
*With Upside, Trail SL* *Book Profit as per Risk Appetite*
*Snapshot* Estab. in ’86, Engaged in Mfg. / Exporting Gold / Diamond jewelry to global retailers. 95% Sales: USA. Rest: UK, Russia, Dubai, China, HK, Australia. Sales Breakup - 80%/20%: Retailers/Wholesalers. Fully backward integrated. Holds patent for the laboratory-manufacturing process of diamonds. Getting into E-Com. Sales
Declining Sales: Qtrly Basis. Sales / Profitability: Growing on Yrl Basis. Growing TNW / Nil Debt CF from Ops +ve till FY21. -ve In FY22. Sharply Improving RoA/ RoE/RoCE. Moving into higher Double Digits. H1-FY23: Order Book at Rs.150 Crs. C&CE at Rs.174 Crs.
*Concern:* Dependence on US Market.
*Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.