GTN Industries Ltd Penny investment
Updated
GTN Industries Ltd :
Fundamentals :
Company has reduced debt.
Stock is trading at 1.11 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 72.79% CAGR over last 5 years
Promoters holding is 74%+
Technicals:
Stock gave breakoujt of 20-25 levels and made high of 68, trading around 50 CMP.
Good to accumlate around CMP 50, add more around 40 if it comes .
Investors can hold for double or more targets.
SL is not recomended, however if one insists, can exit below 34 on closing basis.
Education purpose only, not a sebi registered advisor.
-Saptarish Trading
Fundamentals :
Company has reduced debt.
Stock is trading at 1.11 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 72.79% CAGR over last 5 years
Promoters holding is 74%+
Technicals:
Stock gave breakoujt of 20-25 levels and made high of 68, trading around 50 CMP.
Good to accumlate around CMP 50, add more around 40 if it comes .
Investors can hold for double or more targets.
SL is not recomended, however if one insists, can exit below 34 on closing basis.
Education purpose only, not a sebi registered advisor.
-Saptarish Trading
Trade closed: target reached
50 to 90, almost doubled.
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