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INTL CONVEYORS LTDINTL CONVEYORS LTDINTL CONVEYORS LTD

INTL CONVEYORS LTD

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INTLCONV trade ideas

INTVLCONV - Good looking setupINTLCONV is looking good for ATH. Dividend play for next week and should break the crucial resistance around 90. Add any dips till 78 and hold it for long term. Good base is already formed around 75. Excellent RR. Personally kept accumulating in 80-85 range for the last 3 months. ATH is always my first target and then on continuation, target 145/200/220+. As a long term trader I will hold for 220+ and book few to remove the capital and hold the freebies. Pondy Oxides gave me superb returns with the Similar pattern before bonus issue and expecting the same here as well. Do not enter Pondy Oxides now. just mentioning for comparison. Holding only the freebies in Pondy since 123 after bonus adjusted price. Just imagine how patience pays off with this kind of pattern. Just posting pondy chart for reference.
NSE:INTLCONVLong
by Roundbottomfan
9
International Conveyors Ltd. (INTLCONV): A Bullish OutlookInternational Conveyors Ltd. is a mid-cap company engaged in the manufacturing of material handling equipment. With a market capitalization of ₹527 crore, ICL has been gaining attention from investors due to its strong fundamentals and bullish outlook. Key Financial Indicators: Current Price: ₹83.2 High / Low: ₹125 / ₹70.0 Stock P/E: 6.58 Book Value: ₹43.1 Dividend Yield: 1.32% ROCE: 25.4% ROE: 25.6% Face Value: ₹1.00 Chg in Prom Hold 3Yr: 6.86% Promoter holding: 68.6% Pledged percentage: 0.00% Understanding the Indicators: Stock P/E: A relatively low P/E ratio of 6.58 suggests that ICL is currently undervalued compared to its peers. This could indicate a potential upside for the stock. Book Value: The book value of ₹43.1 indicates that the company's assets exceed its liabilities. A higher book value can be a positive sign for investors. Dividend Yield: While the dividend yield of 1.32% is not exceptionally high, it does provide some income to investors. ROCE and ROE: Both ROCE (Return on Capital Employed) and ROE (Return on Equity) stand at a healthy 25.4% and 25.6%, respectively. This suggests that ICL is efficiently utilizing its capital to generate profits. Promoter Holding: A promoter holding of 68.6% is generally seen as a positive sign, as it indicates that the promoters have a significant stake in the company's success. Bullish View Above ₹89: Based on the current financial indicators and technical analysis (not discussed in this post), there is a bullish sentiment prevailing above the ₹89 price level. If ICL can sustain above this level, it has the potential to reach the target price range of ₹132 to ₹150 . In the longer term, the stock could even appreciate further to ₹200 or more. Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
NSE:INTLCONVLong
by Kaviarasu_Chandrasekar
5
BUY INTLCONV PRICE @ 76 20% ROI EXPECTEDBUY INTLCONV PRICE @ 76 20% ROI EXPECTED Buy1 cmp entry @76 Target 1 @92 ROI 1 @20 Buy2 Pending entry @61 Target 2 @92 ROI 2 @50 Our Unique Features ————————————————————— 1. Follow our 10 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 1% Risk Management Per trade. 4. Risk vs Reward up to 25. Note Please leave comments for any query. Disclaimer This is my trading experience, it is not an invite or recommendation to trade. Best Wishes PRABHUMAYAKANNAN
NSE:INTLCONVLong
by PRABU-MAYAKANNAN
1
Positional Trade Idea (Breakout)Trade Thesis and Rationale: The INT Conveyors stock presents a compelling positional trade opportunity based on a combination of technical and fundamental factors. Technical Analysis: The stock has exhibited a strong bullish trend on the daily and weekly charts, supported by higher highs and higher lows. Additionally, the Moving Average Convergence Divergence (MACD) indicator is showing a bullish crossover, indicating potential upward momentum. The Relative Strength Index (RSI) is in the neutral zone, suggesting room for further price appreciation without entering overbought territory. Fundamental Analysis: INT Conveyors operates in a niche segment of the industrial machinery sector, specializing in advanced conveyor belt systems. The company has recently announced a significant contract with a major e-commerce player, which is expected to boost its revenue and profitability in the upcoming quarters. This development aligns with the overall growth trend in e-commerce and logistics, further enhancing the company's growth prospects. Industry Growth: The broader industrial machinery sector is experiencing tailwinds due to increasing automation and the need for efficient logistics solutions, providing a favorable environment for INT Conveyors to thrive. Conclusion: The INT Conveyors positional trade offers an attractive risk-to-reward ratio, leveraging both technical and fundamental analysis. The combination of a bullish technical setup, positive industry trends, and the company's recent contract win supports the potential for price appreciation. As with any trade, diligent monitoring and adherence to the trade plan are essential to capitalize on the anticipated market movements.
NSE:INTLCONVLong
by RajputAmarjit
1