Graphite India: Positive Divergence - Investment (3)
Updated
Fundamentally: Strong and Undervalued
P/E: 2.38
BV: 274
P/BV: 1.54
Debt to Equity: 0.04
Consistent profit growth of 51% for last five years.
Stock shall move upto 2-3 times of it book value, indicating a price range of 550-750 in coming year ahead.
Technically: Recovery from downtrend
Positive Divergence observed on the chart, indicating an upside from current levels to target of 600-700, with SL 400.
P/E: 2.38
BV: 274
P/BV: 1.54
Debt to Equity: 0.04
Consistent profit growth of 51% for last five years.
Stock shall move upto 2-3 times of it book value, indicating a price range of 550-750 in coming year ahead.
Technically: Recovery from downtrend
Positive Divergence observed on the chart, indicating an upside from current levels to target of 600-700, with SL 400.
Note
Chart indicating 600-700 range target, which may provide more than 50% returns.
Note
Today, Market surprises and teaches new lesson.Today, undervalued stocks plunges 5-10% whereas companies near to bankrupt stocks rose up by 10-20%.
Now, as far as the chart concern,
Today, it gapped down and went near to the previous gap, which may now be acting as a strong support. The stock may further dip down to 340-350 to fill up previous gap and then take support to further move up. I shall update the chart after tomorrow's action.
It is a good stock with undervalued fundamentals and it is safe to hold in volatile market. I have full conviction that It shall get to its market value (550-600) soon.
Thanks
Related publications
Disclaimer
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.