Hikal Approaching Key Resistance Levels➡️ Testing descending trendline resistance
➡️ Resistance targets: ₹456 and ₹583
A breakout above ₹370 could lead to a strong upward move towards ₹456.
Keep an eye on this potential breakout!
HIKAL
HIKALHIKAL above 385 can give soldi move, as long as above 357, its in breakout range and is considered bullish.
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
NSE:BFINVEST - BF Investment Ltd what's cooking here..?NSE:BFINVEST
BF Investment Ltd Overview
Non-Deposit taking Core Investment Company.
Engaged primarily in making investments in Kalyani Group companies.
History
Incorporated in 2009 by demerging the Investment Business of BF Utilities Ltd.
Under business restructuring, Investment Business transferred to BF Investment Ltd.
Kalyani Group
BF Investment Ltd. (BFIL) is a part of the USD 2.5 billion Kalyani Group from Pune.
Established in the mid-1960s.
Indian multinational with advanced technology, engineering & manufacturing capabilities.
Industries: Engineering Steel, Automotive, Industrial, Renewable Energy, Urban Infrastructure, Specialty Chemicals.
Market leader in forging globally and largest forging exporter from India.
Group Companies: Bharat Forge, KCTI, Kalyani Technoforge, Kalyani Global, Automotive Axles, and more.
Nature of Operations
Mainly focused on investments.
Majority of investments are strategic in nature targeting Kalyani Group Companies.
Investments are long-term and not for trade.
Revenue Mix FY22
Dividend income: ~55%
Interest income: ~34%
Other (Net gain on fair value changes): ~12%
Investments
Investments worth ~ Rs. 1646 Cr as of March 2021.
Significant ownership in Kalyani Steels Ltd., KSL Holdings Private Ltd., Triumphant Special Alloys Pvt. Ltd., Kalyani Financial Services Ltd., and others.
Equity stake in listed and unlisted shares: Bharat Forge Ltd, BF Utilities Ltd., and others.
Invested in preference shares and debentures of Group companies.
Promoter Shareholding
Promoters stake from 73.38%
Hikal Ltd Low Risk High Reward IdeaAs per analysis, NSE:HIKAL has been continue sustained above 60% retracement level of 283.
Best buy level to take entry is 298 with small stop loss of 270 (-28). My expected upside target would be 334 (+36) & 410 (+112). This could be low risk and high reward positional trade.
Note: this is my personal analysis, only to learn stock market behavior. Thanks.
Hikal looking to call back glory day on chart.Hikal Ltd. is engaged in the manufacturing of various chemical intermediates, specialty chemicals, active pharma ingredients, and contract research activities. Presently, it is operating in the crop protection and pharmaceuticals space.
Hikal Ltd CMP is 303.95. The Negative aspect of the company is High Valuation (P.E. = 45.8) and declining annual net profit. The company's Positive aspects are Low debt, zero promoter pledge, FIIs increasing stake, MFs increasing stake, and Improving cash from operations annually.
Entry can be taken after closing above 311. Targets in the stock will be 320 and 329. The long-term target in the stock will be 350. Stop loss in the stock should be maintained at Closing below 292.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Hikal looking towards making new highsHikal Ltd. provides solutions related to Pharmaceuticals, Crop protection, Specialty Chemicals and Research & Technology. Hikal has five manufacturing facilities in India at Maharashtra, Gujarat, Karnataka and a Research & Technology centre at Maharashtra. Hikal CMP is 319.45.
Negative aspects of the company are high valuation (P.E = 50.2) & declining annual net profit. Positive aspects of the company are improving cash from operations, low debt, zero promoter pledge, FIIs are increasing stake, MFs are increasing stake & promoter holding increasing.
Entry in the stock can be taken after closing above 331. Targets in the stock will be 350 & 367. Long term target in the stock will be 383 & 403. Stop loss in the stock should be maintained at closing below 281.
HIKALDoji candle with low volume showing some sign of change of trend or temporary halting in fall. It can be tracked. Level is good to buy but lets wait some pattern emerged then will see.
