Thyrocare can thrust upwards from here in the long termThyrocare Technology Ltd. CMP – 560.40 (Long Term Investment Idea)
Market Capitalization Rs 2,966.2Cr
Red Flags:🟥
High Valuation (P.E. = 45.7)
Declining annual net profit
MFs are decreasing stake
High promoter pledge
Green Flags:🟩
No debt
FIIs are increasing stake
Improving cash from operations annual
Dividend Yield @CMP = 3.34%
Previous Happy Candles Number – 41/100
New Happy Candles Number – 43/100
Fresh Entry/ averaging / compounding after closing above 567
Targets: 585 and 606
Long term target: 630 and 674
Stop loss: Closing below 516
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.
Thyrocaretechno
Thyrocare is carefully consolidating and might take off. Thyrocare Technologies Ltd. is the 1st fully advanced and automated laboratory with a strong presence in over 2000 cities both nationally and internationally. The company conduct esoteric test with its Central Processing Laboratory (CPL) and also have Regional Processing Laboratories (RPLs) in major metro cities in India and parts of Asia. Thyrocare Technologies CMP is 569.50.
The Negative aspects of the company are high valuation (P.E. = 50.2), declining annual net profits, FIIs are decreasing and high promoter pledge. The Positive aspects of the company are improving cash from operations annual and MFs are increasing stake.
Entry after closing above 580. Target in the stock will be 630. Long term target in the stock will be 674. Stop loss in the stock should be maintained at closing below 516.
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 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.