GODREJAGRO - 7 YEAR BREAKOUT (MADE GOLDEN CROSSOVER)

2 thg 7, 2024

Hi All,

This idea is about Godrej Agrovet Ltd

Fundamentals

Mkt Cap - 15600 Cr
Sales - 9561 Cr
Mktcap/Sales - 1.63
PE - 43
ROE - 15%
ROCE - 13.6%
Promoter Holding Increased

Technicals

On the weekly chart, golden crossover is observed where 50 SMA is crossing over 200 SMA which is a positive sign.

Price action has broken the resistance zone marked convincingly with healthy volume

Observe how moving averages align & expand sequentially eliminating any high volatility in stock.

Hope you enjoy this trade,

Happy Trading,

Thanks,
Stock-n-Shine