BUY TEXMOPIPES (a micro-cap company with good fundamentals)

9 thg 11, 2021

Its a micro cap company, don't invest more than 4-5% of your capital.

PROS (as per screener.in) -
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.74 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.09% CAGR over last 5 years
- Debtor days have improved from 53.85 to 38.54 days.

CONS (as per screener.in) -
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.89% for last 3 years.
- Company's cost of borrowing seems high

Buy at 55-60 (Stock is in upper circuit)
Target as per Fibonacci: 80, 100, also can keep for long term
SL: 45

Follow me on tradingview @arsalanansari17

6 thg 12, 2021

Ghi chú

Close to first fibonacci resistance level (80)

19 thg 1, 2022

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