BL Kashyap (BLKASHYAP) - Bullish Potential at Support Level"We're looking at BL Kashyap (BLKASHYAP) on a daily chart. The stock is showing signs of being undervalued and is currently at a significant support level.
Entry: ₹81.09, near the support trendline and moving averages.
Take Profit: ₹139.41, where the next resistance level lies.
Stop Loss: ₹66.77, below the support to manage risk.
Risk-Reward Ratio: 1:4, making this trade potentially lucrative with a good reward compared to the risk.
Technical indicators support this trade idea:
The price is currently on the support level.
The overall trend indicates a bullish potential.
Moving averages provide dynamic support.
This setup offers a favorable risk-reward ratio and aligns with our technical analysis, suggesting this as a good entry point for a long position.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research and consult with a financial advisor before making any trading decisions.
BLKASHYAP trade ideas
BLKASHYAP - Bullish oNStock name - B L Kashyap Ltd.
✅#BLKASHYAP trading above resistance 1.
✅Next resistance 527.
✅Moved 45% in 26 weeks.
Weekly chart
Chart is self explanatory
Master score - B
Disclamer : This is for demonstration and education purpose only. This is not buying and selling recommendation. I'm not SEBI registered.
B.L Kashyap & Sons Increasing Strength Can Be Held For Long-TermB.L.Kashyap & Sons Ltd is an EPC company engaged in the business of Construction of Buildings High-Rise Residential and Commercial Complexes, IT Parks, Institutional Buildings.
Total: 1,733.68 Cr Order value
Company has delivered good profit growth of 71.0% CAGR over last 5 years
Projects
• More than three decades of rich expertise.
• Completed 250 + projects and more than
140 million sq. ft.
Design Build Projects
• National High-Speed Railways
• Sabarmati Station
• DLF Downtown
• Embassy Flipkart
• Redevelopment of Gomti Nagar Station
• Hero Honda Motor Plant
• Jaipur & Chennai Metro
Company coming out of CDR – Moving towards Zero
Debt
• In the light of global meltdown during 2010 -13
operations of BLK were impacted resulting in
stress on the company
• BLK entered CDR in 2014
• Currently the company has no long-term debt and
has pared its consolidated debt.
• Reduction of Debt from 700 to ~ 270
• Currently the company only has CC and BG limits
De-risking business model – Residential to Commercial & Governmen
• Company has been awarded total orders during financial year 2022-23 to the
tune of Rs. 818.9 Cr
• The order book closed at Rs. 2402 crore for the year ended March 31, 2023
• Orders worth approx. INR 658 crore and INR 247 crore awarded during the first
and second quarter of FY2023 - 24
• Ending 30th June 2023 and the order book stood at approx. Rs. 2838 cr.
• Total Order Book stands at Rs. 3005 Cr as of September 2023
• During the quarter, orders were received across multiple segments like railways,
business parks, educational institutions, and residential complex
Growth driven to Profitability focus
• The company has planned capex of approximately
INR 25 crores during FY24. Capex for FY22 and FY23
was Rs. 8 Cr and Rs. 19 Cr respectively
• BLK is looking at increasing its footprint in the
infrastructure space related to its core business,
which is high quality structures and their associated
works.
BLKASHYAPStock name = B L Kashyap & Sons Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
BL Kashyap Looks like a clear winner in upcoming infra themeBL Kashyap & Sons has indeed faced challenging times in the past, including financial difficulties and stressed assets. However, the company has demonstrated resilience and has emerged from these challenges stronger and more adaptable.
Financial Difficulties
In the early 2000s, BL Kashyap & Sons faced financial difficulties due to a combination of factors, including a slowdown in the construction industry, increased competition, and rising costs. These challenges led to a period of restructuring and cost-cutting measures, which ultimately helped the company to stabilize its finances.
Stressed Assets
The company also faced challenges related to stressed assets, which are assets that are underperforming or have lost value. These stressed assets were primarily due to the slowdown in the construction industry and the company's exposure to certain projects that faced delays or cost overruns. BL Kashyap & Sons has worked to address these stressed assets through a combination of restructuring, asset sales, and legal proceedings.
Learning from the Past
The company has learned valuable lessons from its past challenges. These lessons include the importance of diversifying its project portfolio, maintaining a strong financial discipline, and carefully managing its exposure to risk. The company has also implemented a number of initiatives to improve its operational efficiency and risk management practices.
Emerging Stronger
Despite the challenges it has faced, BL Kashyap & Sons has emerged stronger and more adaptable. The company has a strong track record of delivering projects on time and within budget, and it has a loyal customer base that includes many leading Indian companies. The company is also actively pursuing new projects in a variety of sectors, including infrastructure, residential, commercial, and IT.
In conclusion, BL Kashyap & Sons has faced significant challenges in the past, but the company has demonstrated resilience and has emerged from these challenges stronger and more adaptable. The company has learned valuable lessons from its past experiences and is now well-positioned for future growth and success.
B.L KashyapStock has been under Consolidation since October 2008 and has given a breakout with Good Volumes. If gives closing above 72 in weekly timeframe then can be Considered for a good Swing Trade. No advise for any Investment just for Learning.
View Invalid if Weekly Close below 60.5
Good RR can be expected in Short Term !!
Wedge Pattern Breakout - BLKASHYAP&SONPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.