Venus Pipes Breaking out

Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. Fundamentals are good. Rising OPM, Net profit, EPS with consistent tax rate. Good 3Y ROE, sales and profit growth. Reducing debtor days. Stakes increased by Promoters, DII, FII in last 2Q. No:of Shareholders jumped in recent quarter expecting good result. And company didn't fail that. Double digit growth in Q3. Chart with targets displayed

YOY QOQ
Sales 52% 8.4%
EBIDT 123% 12.39%
Net Profit 106% 14.77%
EPS 106% 14.93%

Note

Ace Investor Ashish Kacholia sold 1.03 lakh shares in Venus Pipes & Tubes on Jan 30 at an average price of Rs 1,511.68 a piece on the NSE. The value of the shares sold was Rs 15.57 crore and transalated to a 0.51 percent stake in the company.

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Target 1 reached today

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Weekly RSI(34) trendline breakout last week. Daily chart RSI(34) yet to breakout. Hopefully it will. Position increased

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Target 2 reached today

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Fantastic Q4 results

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3 months consolidation. Expecting good Q1. Will breakout consolidation by tmw

naraykln

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naraykln

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