SHK trade ideas
Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out before 3 trading days, still good location to take entry. Buy above the High and do not forget to keep stop loss best suitable for swing trading. Keep this stock in watch list.
Target and Stop loss Shown on Chart. As stop loss is Big we keep Target 1 Ratio 1:1.5 and Target2 is 1:3.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
SHK is Spreading its Fragrances on ChartNSE:SHK
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Q1 FY25 performance overview compared with Q1 FY24.
Revenue from operations at Rs. 470.3 crore as against Rs. 422.6 crore, up by 11.3%.
EBITDA** at Rs. 83.3 crore as against Rs. 70.6 crore, higher by 18%.
EBITDA** margin at 17.7% as against 16.7%, expanding by 100 bps.
Adjusted PBT stood at Rs. 46.5 crore as against Rs. 37.8 crore, up 23.1%.
Cash profit at Rs. 55.8 crore as against Rs. 47.7 crore, growing by 17.0% .
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Key Developments.
Incorporation of step-down subsidiary – Keva Germany GmbH.
Incorporated Keva Germany GmbH to serve as a Creative Development Centre (CDC)
for European operations, while also providing support to customers in Dubai and
Middle East.
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Update on Debt Position:
The Company’s net debt increased to ~Rs. 542 crore as on 30th June 2024 as
compared to Rs. 504 crore as on 31st March 2024.
The debt increase was due to the need to replenish inventory following the fire incident
at its Vashivali facility in April 2024 .
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Update on the Fire Incident at the Company’s Fragrance facility located at Vashivali.
A fire incident occurred at the Company’s Vashivali facility in April 2024.
There was no loss of human life, and the safety of all personnel was ensured.
The Company has comprehensive insurance coverage including cover for loss
of profit.
The Company operates five manufacturing locations in India and, in response to the
incident, swiftly implemented a Business Continuity Plan (BCP) by shifting production
to alternate sites.
The new facility is projected to be re-established within 9 to 12 months.
All facilities are now operating in double/triple shifts, ensuring adequate capacity to
meet current and future customer requirements.
Recently commissioned Indonesia facility is ramping up production to cater to both
local and export orders, ensuring continuity and fulfilling commitments to overseas
customers.
An exceptional loss of ₹120 crore (net of tax) was recorded during the quarter due to
the fire, covering plant and machinery, building, and inventory. This loss is expected
to be fully offset by insurance reimbursement in FY2025.
The Company has filed a request for interim payment of Rs. 50 crore with the Insurance
Company. The Insurance company is carrying out the necessary procedure to process
the claim .
SHKSHK
Gave breakout of inside bar.With strong volume.Looks good for swing trade.
Trading at at 161
Keep sl at 145
Target can be
210
Disclaimer :- script disscussed only for education purpose. It is not any recommendation to buy or sell. You will be fully responsible for your profit and losses. If you have any question about my analysis, you can whatsaasp me on 9730763736.
SHK looks Good as investmentSHK on weekly breakout a d also formed inverted Head and Shoulder.. buy above 168 for the target of 200/250/300/350... SL 20 SMA WCB/MCB..
Note:- I am not Sebi registered analyst.. before entering in to trade ask your Sebi registered advisor.. Chart is for learning purpose only..
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