Easy 40% return - La Opala
Fundamentally:
If you check its PE, it is around 53.
But the hidden PE based on average earning is around 25. Where as its competitors like Borosil trade at 170 PE.
I'm holding this with a minimum expectation of 2x return in 2 years. As once its earnings will stabilize in next 1 year, it will definitely see price re-set.
Technical Aspects:
It has formed a ideal cup & handle pattern, it has an easy upside of 40% at least.
~ Moto: Always enter in trades with sufficient factor of safety.
DISCLOSURE: Invested.
If you check its PE, it is around 53.
But the hidden PE based on average earning is around 25. Where as its competitors like Borosil trade at 170 PE.
I'm holding this with a minimum expectation of 2x return in 2 years. As once its earnings will stabilize in next 1 year, it will definitely see price re-set.
Technical Aspects:
It has formed a ideal cup & handle pattern, it has an easy upside of 40% at least.
~ Moto: Always enter in trades with sufficient factor of safety.
DISCLOSURE: Invested.
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.