High Risk and High PE Stock Patanjali Foods looking Positive. Patanjali Foods is one of the leading FMCG (Fast Moving Consumer Goods) player in India for producer and marketer of range of healthy edible oils and pioneer of Soya food products . The company owns 22 manufacturing plants that gives a strength of manufacturing and packaging 11000 tones material per day. It also one of the largest palm plantation company in India.
Patanjali Foods CMP is 1144.50. Negative aspects of the company are high valuation (P.E. = 46.7) and MFs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt, improving cash from operations, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 1152. Targets in the stock will be 1231 and 1297. Long term target in the stock will be 1370. Stop loss in the stock should be maintained at closing below 1000.
Stockstowatch
Rain getting ready to rain bullishlyRain Industries Ltd. is the world’s leading producer of calcined petroleum, coke, coal tar, and other basic and high quality specialty chemicals. The company operates in three key verticals: carbon, chemicals and cement. It owns and operates 17 manufacturing facilities established across North America, Europe and Asia.
Rain Industries CMP is 172.15. Negative aspect of the company is declining annual net profit. Positive aspects of the company are low debt, improving cash from operations annual, zero promoter pledge, FIIs are increasing stake. MFs are increasing stake.
Entry after closing above 174.5. Targets in the stock will be 180 and 185. Long term target in the stock will be 190, 197 and 205. Stop loss in the stock should be maintained at closing below 154.
ZS Zscaler and the U.S. Gov Agencies Hit By CyberattackIf you haven`t bought ZS here:
Then you should know that Zscaler provides cloud-based security solutions, including web security, data loss prevention, and cloud application security.
In light of the recent news regarding cyberattacks on multiple U.S. government agencies, it is reasonable to expect an increased focus on cybersecurity measures, which could potentially benefit cybersecurity stocks in the market. These attacks highlight the vulnerabilities present in the software systems used by government entities, underscoring the urgent need for robust cybersecurity solutions.
The fact that the U.S. Cybersecurity and Infrastructure Security Agency is actively investigating the breach indicates the seriousness of the situation and the government's commitment to addressing these security threats. As such, there may be a heightened emphasis on strengthening cybersecurity infrastructure and investing in advanced technologies to defend against future attacks.
The reported involvement of a Russian-speaking hacking group known as CLOP in previous attacks serves as a reminder of the persistent and evolving nature of cyber warfare. This continuous threat landscape necessitates ongoing innovation and investment in cybersecurity.
Considering these factors, cybersecurity stocks have the potential to experience an upward trajectory. Companies specializing in threat intelligence, network security, endpoint protection, and data encryption could be in high demand as organizations and governments seek to fortify their defenses against cyber threats.
My Price Target for ZS is $185 by the end of the year.
Looking forward to read your opinion about it!
Falling Knife Series- Consolidation of DMARTThis stock has fallen from its high of 5900 & now trading at low 3500 which is a fall of 50+ from its peak. Consolidation has been observed for last few day on different Time Frames. Interesting to see whether it will be able to break shackles to move up or falls further to new low.
Check your own chart, this is only for educational purpose & Not a buy recommendation.
Greenply gave a Bullish Happy CandleGreenply Industries Limited (GIL) is India's largest interior infrastructure company. It accounts for almost 36 percent of the organized plywood and 26 percent of the organized laminate market in India. The main products of the company are plywood and blackboards, doors, decorative veneers, PVC products and speciality plywood. Greenply Industries CMP is 169.50.
Negative aspects of the company are declining cash from operations, FIIs are decreasing stake and MFs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt and zero promoter pledge.
Entry after closing above 172. Targets in the stock will be 182 and 194. Long term target in the stock will be 207. Stop loss in the stock should be maintained at closing below 134.
Associated Alcohols is in high spiritsAssociated Alcohols & Breweries Ltd. is in the business of manufacturing and trading of ENA (Extra Neutral Alcohol), Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL) & Hand Sanitizer. Associated Alcohols & Breweries CMP is 408.40. Negative aspects of the company are declining annual net profits and FIIs are decreasing stake. Positive aspects of the company are low debt, improving cash from operations annual and zero promoter pledge. Entry after closing above 414. Targets in the stock will be 435 and 463. Long term target in the stock will be 486 and 500+. Stop loss in the stock should be maintained at closing below 387.
Teamlease is picking up some steam.TeamLease Services Ltd. is leading provider of human resource services in India. The company offers temporary staffing solutions, permanent recruitment services, regulatory consultancy for labour law compliance and various educational programs for employees.
TeamLease Services CMP is 2314.05. Negative aspects of the company are high valuation (P.E. = 35.5), declining cash from operations, FIIs decreasing stake and high promoter pledge. Positive aspects of the company are no debt, improving annual net profits and MFs are increasing stake.
Entry is possible after closing above 2335. Targets in the stock will be 2368 and 2397. Long term target in the stock will be 2434 and 2515. Stop loss in the stock should be maintained at closing below 2180.
Sun TV may ShineSun TV Network Ltd. is one of the largest media conglomerate in India. It consists of 33 television channels in 6 different languages, 69 FM radio stations, 3 daily newspapers, 6 magazines and an IPL franchise. It is also one of the largest DTH (Direct To Home Satellite TV service) service provider in India having more than 16+ million subscribers.
Sun TV Network Ltd CMP is 459.85. Negative aspects of the company is MFs are decreasing stake. Positive aspects of the company are improving annual net profits, improving cash from operations annual, no debt, zero promoter pledge & FIIs are increasing stake.
Entry after closing above 465. Targets in the stock will be 478 & 500. Long term target in the stock will be 520 & 544. Stop loss in the stock should be maintained at closing below 439.
Paras looking PowerfulParas Defense and Space Technologies Ltd. is engaged in designing, developing, manufacturing & testing of variety of defense & space engineering products. The company operates in four major segments i.e defense & space optics, defense electronics, Heavy Engineering and electromagnetic pulse protection solutions, the company offers 33 different range of products.
Paras Defense and Space Technologies CMP is 570.05. Negative aspects of the company are high valuation (P.E. = 61.6) and FIIs are decreasing stake. Positive aspects of the company are improving annual net profits, improving cash from operations, no debt, Zero promoter pledge & MFs are increasing stake.
Entry after closing above 576. Targets in the stock will be 608 and 637. Long term targets in the stock will be 670 and 700+. Stop loss in the stock should be maintained at closing below 510.
Glaxosmithkline looking good. GlaxoSmithKline Pharmaceuticals Ltd is an Indian research-based pharmaceutical and healthcare company. Their product offering include vaccines, speciality medicines & general medicines. Its prescription medicines range across therapeutic areas such as anti-infectives, dermatology, gynaecology, diabetes, oncology, cardiovascular disease and respiratory diseases.
GlaxoSmithKline Pharmaceuticals CMP is 1390.95. Negative aspects of the company are high valuation (P.E = 38.6), declining annual net profit & MFs are decreasing stake. Positive aspects of the company are improving cash from operations, no debt & zero promoter pledge.
Entry after closing above 1402. Targets in the stock will be 1435 & 1461. Long term target in the stock will be 1489. Stop loss in the stock should be maintained at closing below 1288.
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.
CHWY Chewy Options Ahead of EarningsIf you haven`t bought CHWY here:
or sold it here:
then Analyzing the options chain of CHWY Chewy prior to the earnings report this week,
I would consider purchasing the $29.5 strike price Puts with
an expiration date of 2023-6-2,
for a premium of approximately $1.29
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Medplus looking looking strongMedplus Health Services Ltd. is the 2nd largest pharmacy retail chain in India. The company is engaged in manufacturing of private label pharmaceuticals, wellness & FMCG products. It also offers clinical laboratory services & physical consultation services. Medplus operates in more than 3000 pharmacy stores across 374 cities.
Medplus Health Services CMP is 813.10. Negative aspects of the company are high valuation (P.E. = 195), declining annual net profits & high promoter pledge. Positive aspects of the company are improving cash from operations annual, FIIs are increasing stake, MFs are increasing stake & no debt.
Entry after closing above 828. Targets in the stock will be 871, 945 & 999. Long term target in the stock will be 1051 & 1341. Stop loss in the stock should be maintained at closing below 745.
Solid looking Sun PharmaSun Pharmaceuticals Industries Ltd. is the 4th largest generic pharmaceutical company in the world. The company offers specialty medication, generic medication, over-the-counter (OTC) medication, active pharmaceutical ingredients (APIs) & anti retro viral medication. The company has the presence in more than 100 countries supported by 40 manufacturing facilities in Asia, America & Africa.
Sun Pharmaceuticals Industries CMP is 969.90. Negative aspect of the company is high valuation (P.E. = 27.5). Positive aspects of the company are Sun Pharma is a no debt company with improving annual net profits, improving cash from operations annual, promoter unpledged stake, FIIs are increasing stake, MFs are increasing stake.
Entry after closing above 974. Targets in the stock will be 1001, 1027 & 1054. Long term target in the stock will be 1073 & 1134. Stop loss in the stock should be maintained at closing below 850.