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GOA CARBON LTDGOA CARBON LTDGOA CARBON LTD

GOA CARBON LTD

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GOACARBON trade ideas

#GOACARBON Company has reduced debt. Company has a good return on equity (ROE) track record: 3 Years ROE 35.2% Extensive experience, reputed clientele and established t rack record of operations in the CPC segment GCL is a part of Dempo Group, which was established in 1941. The group has diversified operations with a presence in Iron Ore mining and exports, Construction, Publishing, Ship Building, Travel and Trade, among others. GCL has more than five decades of track record in the production of CPC and hence has an established market position amongst the leading producers of CPC in India. The chairman of the company, Mr. Shrinivas Dempo has an extensive experience of over three decades in the industry. GCL caters to reputed companies among the Aluminium Industry, Graphite Industry and Steel Industry which includes Hindalco Industries Limited (HIL), Vedanta Aluminium Limited (VAL), The Kerala Minerals and Metals Limited (KMML), Steel Authority of India Ltd (SAIL) to name a few. GCL has also healthy relations developed over a decade with the various global raw material suppliers such as Kuwait Petroleum Corporation, Oxbow Carbon & Minerals LLC, Mitsubishi Corporation Limited among others. Acuité believes that the established position in the industry and healthy relations with both customers as well as suppliers will help the company to maintain a stable business profile in the CPC segment. Improvement in business risk profile The business risk profile of the company witnessed improvement reflected by growth in revenues during FY2023 and 9MFY2024. The revenue from operations of GCL improved to Rs. 1364.36 Cr. in FY2023 against Rs. 766.12 Cr. in FY2022. Further, the revenues during 9MFY2024 stood in similar range at Rs. 606.42 Cr. The surge in the demand of aluminium while tightening of its supply marked by geo-political issues and consequent sanctions on Russia, which contributes almost 6 percent of the global aluminium supply, has resulted in an implicit effect on the pricing of CPC. The average selling price of the CPC during FY20-21 stood at around Rs. 22,000 per metric tonne which grew to Rs. 42,000 per metric tonne in FY21-22, while as on 9MFY23 the average selling price stood as high as Rs.77,000 per metric tonne. Acuité believes that GCL’s operating performance is susceptible to the changes in pricing of CPC and the same will remain critical for its future growth.
NSE:GOACARBON
by iism-ExpertTrading
GOACARBON - Ichimoku Breakout📈 Stock Name - Goa Carbon Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 804. 🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku
NSE:GOACARBONLong
by nikunjbhadja
GOA CARBONIts breaking the last one year level above 375-380, so one can long with a stop loss of 350 for a target of 433, 450, 475 and 500. Keep trailing stop loss if going for long run. ************************************************************************************************************************************************ Hi all, Its pleasure to have you all here. I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side. Few Honest Disclosures: 1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please do your bit of research. 2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all. 3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity. 4. To trade in Cash, options or futures is your sole choice and your own risk 5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results. 6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts. ***********************************************************************************************************************************************
NSE:GOACARBONLong
by akkshay11
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