RB Pattern Formation in Process: Yrly Basis Price BreakOut Needed. If Sustained, Good to Go!!! Vol. BuiltUp. Resistance at 1471/1730.
*With Upside, Trail SL* *Book Profit as per Risk Appetite*
*Snapshot:* Estab. in ’77, part of Goa-based Chowgule Group. Mfgs. Industrial Explosives / Expanded Perlite. Explosive’s Capacity: 1.53 lakh MTPA. Mfg. Units: Karnataka, MP & Maharashtra. Low gearing levels. Adequate coverage indicators. Low Equity Base. Improved RoA / RoE / RoCE. PE at 11.4x vs. Ind. PE at 28.1x Rising Sales / Profitability: Qtrly / Yrly Basis. Defence Sector Outlook Positive.
*Concern:* Highly regulated explosives manufacturing industry with high entry barriers. Moderate scale vis-à-vis industry leaders - Limited bargaining power
*Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)
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