Antony Waste is certainly not waste.Antony Waste Handling Cell Ltd. engages in the provision of solid waste management services. Its services include waste collection and transportation, mechanized and non-mechanized sweeping, waste processing and treatment, and waste to energy.
Antony Waste Handling Cell Ltd. CMP is 736.75. The positive aspects of the company are Annual Profit Growth higher than Sector Profit Growth, Rising Net Cash Flow and Cash from Operating activity and Company able to generate Net Cash. The Negative aspects of the company are High Valuation (P.E. = 24.5), High promoter stock pledges, Stocks Underperforming their Industry Price Change in the Quarter and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 747 Targets in the stock will be 784 and 821. The long-term target in the stock will be 848 and 900. Stop loss in the stock should be maintained at Closing below 671 or 605 depending upon your risk taking ability.
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Antonywastehandlingcell
Antony Waste Handling Cell Swing SetupPrice is consolidating after breaking out of the triangle pattern.
RSI is showing strong bullish divergence.
Its technical target is 510+
Good to accumulate for an upside of 54-55% in medium term.
Stop loss should be below 312 (Optional) which makes this 10:1 R:R setup.
It has a strong potential to cross 600 in long term (almost 82% upside in about a year)
Fundamentally sound and debt is bit high due to new waste to energy project with a capex of 250 crores. This can definitely boost their profit margins.
Do your own due diligence before taking any action.
Peace!!