Kiri Inds-Poised for big rerating _Techno Fundamental Pick
Kiri on weekly Charts has given a decisive breakout out of Multi-Year Pattern.
Things to be noted on the chart
1) Inverted H & S Breakout on exceptionally high volumes.
2) Weekly Bullish engulfing candle formed on charts this week.( Covert to candlestick and check)
Key events
1) Dystar case seems to be coming to its logical end. Singapore Supreme court final verdict on Dystar valuation and for Kiri's 7.57% stake probable by this month-end.
2) Current market-cap of Kiri is around 1800cr and the Court likely to conclude valuation for Kiri's stake in Dystar at about 350Mn USD (approx 2500cr)
and direct Senda to pay it to Kiri Industries in the stipulated period.
Fundamentals
1) Operating expense likely to reduce drastically as court case related expense would stop.
2) Stock seems undervalued at PE of 8 and for its 5yrs Avg PAT growth is in double digits, debt has been reduced, many other parameters supportive.
Disclaimer:
The above is for educational purposes.
I might be biased as I do hold a position and above data may have discrepancies.
Things to be noted on the chart
1) Inverted H & S Breakout on exceptionally high volumes.
2) Weekly Bullish engulfing candle formed on charts this week.( Covert to candlestick and check)
Key events
1) Dystar case seems to be coming to its logical end. Singapore Supreme court final verdict on Dystar valuation and for Kiri's 7.57% stake probable by this month-end.
2) Current market-cap of Kiri is around 1800cr and the Court likely to conclude valuation for Kiri's stake in Dystar at about 350Mn USD (approx 2500cr)
and direct Senda to pay it to Kiri Industries in the stipulated period.
Fundamentals
1) Operating expense likely to reduce drastically as court case related expense would stop.
2) Stock seems undervalued at PE of 8 and for its 5yrs Avg PAT growth is in double digits, debt has been reduced, many other parameters supportive.
Disclaimer:
The above is for educational purposes.
I might be biased as I do hold a position and above data may have discrepancies.