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VENUSPIPES

Venus Pipes Breaking outVenus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. Fundamentals are good. Rising OPM, Net profit, EPS with consistent tax rate. Good 3Y ROE, sales and profit growth. Reducing debtor days. Stakes increased by Promoters, DII, FII in last 2Q. No:of Shareholders jumped in recent quarter expecting good result. And company didn't fail that. Double digit growth in Q3. Chart with targets displayed YOY QOQ Sales 52% 8.4% EBIDT 123% 12.39% Net Profit 106% 14.77% EPS 106% 14.93%
NSE:VENUSPIPESLong
by naraykln
Upward momentum of 15% in VENUSPIPES expectedVENUSPIPES has seen a good breakout on daily TF after almost a consolidation of more than 30 days with 100% increase in volume on daily TF. The company has a minimum 50% increase in sales QoQ growth for the last 3 quarters and close to 100% increase in EPS. Good for swing traders. Can expect an upward momentum of a min of 10-15%. Entry - INR 1925 SL - (DL) - INR 1840 TSL - According to your risk profile. Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
NSE:VENUSPIPESLong
by Rokdevildivine