Lux Industry is getting ready for Next Big and huge huge Swing

Hello Everyone, i hope you all will be doing good in your trading and your life as well, i have brought another stock which is getting ready for big move, Company name is Lux Industry. My calculation is saying it is going to give huge move in one way towards 10000+ levels in coming time, as price has formed double bottom, and if you will see stock has done sme in earlier swing, and each swing was doubled than earlier. So expecting same in next swing.

MACD is giving bullish crossover in all timeframe specially in higher timeframe.
Stock has given golden crossover in daily time frame (For those who does not know about golden crossover i will write here (whenever stock or any security trade below 200-DEMA from long time and suddenly stock gives crossover above 200-DEMA and sustains for sometimes, that is called golden crossover, usually this scenario creates bullish bias in market)).


About Company:-
Lux Industries Limited was incorporated in 1995 having a market share of 15% of the organised industry. It is the largest mid-segment hosiery enterprise in India.Company is engaged in the manufacturing and marketing of innerwear, thermals, and casuals under various brands, with ‘LUX’ being its flagship brand.

Stock P/E
47.2
Book Value
₹ 496
Dividend Yield
0.32 %
ROCE
12.7 %
ROE
9.97 %
Face Value
₹ 2.00
Industry PE
16.2
Debt
₹ 236 Cr.
EPS
₹ 35.0
Promoter holding
74.2 %
Intrinsic Value
₹ 1,262
Pledged percentage
0.00 %
EVEBITDA
27.2
Change in Prom Hold
0.00 %
Profit Var 5Yrs
12.0 %
Sales growth 5Years
17.2 %
Return over 5years
4.63 %
Debt to equity
0.16
Net profit
₹ 100 Cr.
ROE 5Yr
23.4 %
Profit growth
-44.5 %

Disclaimer:-
Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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