#KUANTUM 170 tgt 200 #papers #ruchira #orientppr #seshapaper #LTKUANTUM 170
Volume breakout
TGT 200
TF < 6 M
NSE:KUANTUM
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SESHAPAPER
Seshasayee Paper-Bullish on Techno Fundamentals numbersSeshasayee Paper is :
-trading with good volumes on the bourses.
-presently trading at its 50 days Moving Average
-positive divergence on the oscillators
-in the accumulation phase at present
-standing right at the support level on higher time frames.
-reached a lifetime high of INR 421.75 on 12/Sep/2023 and a lifetime low of INR 2.41 on 17/Jul/2001.
-has a net worth of INR 1,771 Cr.
-The market cap is INR 2,283.11 Cr and has a market cap rank of 4 within the paper sector.
I believe that the initial target price should be INR 420-425
The second target price shall be INR 527-530
Stop Loss should be INR 321.00
Risk to Reward will be 1:4
The time horizon should be 12-18 months
Seshasayee Paper about to breakout. 1. Company almost debt free.
2. Stock is trading at 1.12 times its book value.
3. Good profit growth of 27.0% CAGR over last 5 years.
4. Debtor days have improved from 27.4 to 16.7 days.
5. Working capital req. reduced from 28.1 to 13.6 days.
❤ and follow?
