Symmetrical Triangle Pattern Breakout seen in Rossari Biotech

20 thg 6

Hello Everyone, i have brought a stock which has given breakout of symmetrical triangle pattern and price is sustaining above the breakout price, stock name is Rossari Biotech Ltd, and it was started in 2003. They are among the largest manufacturers of textile specialty chemicals in India.

Their 3 main product categories are:-
- Home, personal care, and performance chemicals
- Textile specialty chemical
- Animal health and nutrition

The company has two R&D facilities, one at Silvassa manufacturing facility and a research lab at IIT Bombay.

We know chemical sector is not performing well from long back, but prices are suggesting in many chemical stocks that, we can see rally very soon. Well best time to enter in any sector or stock is only when there is fear in sector or market. So this can be right time to enter and accumulate as much as possible in down levels, we might never gonna to see these prices again. Stock is trading almost 50% discount from all time all time highs. If someone is thinking to take and hold for long term, then i think right choice dude.

Company Overview
Rossari Biotech is a Specialty-Chemicals manufacturer offering solutions for Home, Personal Care and Performance chemicals (HPPC), Textile specialty chemicals (TSC) and Animal Health and Nutrition (AHN). It offers a total of 4220+ products catering to an array of applications across FMCG, Home care, Industrial Cleaning, Personal Care, Textile, Performance Chemicals, Animal Health and Nutrition and Pet Care businesses.

Market Cap
₹ 4,467 Cr.
Current Price
₹ 809
High / Low
₹ 904 / 657
Stock P/E
34.2
Book Value
₹ 190
Dividend Yield
0.07 %
ROCE
18.3 %
ROE
13.3 %
Face Value
₹ 2.00
Industry PE
38.6
Debt
₹ 119 Cr.
EPS
₹ 23.7
Promoter holding
68.3 %
Intrinsic Value
₹ 590
Pledged percentage
0.00 %
EVEBITDA
17.7
Change in Prom Hold
-0.01 %
Profit Var 5Yrs
23.3 %
Sales growth 5Years
28.8 %
Return over 5years
%
Debt to equity
0.11
Net profit
₹ 131 Cr.
ROE 5Yr
16.0 %
Profit growth
22.1 %


Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.

6 thg 8

Ghi chú

Rossari Biotech is on the way towards 1st Target