BSOFT is 45% below its all time high - Buy Low Sell High
According to Mr. Peter Lynch's strategy, when a stock is trading below its recent / all time high but is producing its highest ever income, that its a good place to buy low, and then sell high.
BSOFT is a small cap scrip trading at Rs.318.3 which is 45% below its all time high Rs.585.85.
Revenue is growing, income is growing, dept to asset ratio is less, PE ratio less than sector's, so fundamentally & financially strong.
Price fall might be because FIIs are booking profit in this scrip, from Jan 2022. Which is affecting all IT stocks, especially small caps.
Since
NIFTYSMLCAP50 index need 23% rally to meet its all time high, there is a high possibility of these strong small caps to rally too. So it would be a better entry price to hold till this rally.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
BSOFT is a small cap scrip trading at Rs.318.3 which is 45% below its all time high Rs.585.85.Revenue is growing, income is growing, dept to asset ratio is less, PE ratio less than sector's, so fundamentally & financially strong.
Price fall might be because FIIs are booking profit in this scrip, from Jan 2022. Which is affecting all IT stocks, especially small caps.
Since
NIFTYSMLCAP50 index need 23% rally to meet its all time high, there is a high possibility of these strong small caps to rally too. So it would be a better entry price to hold till this rally.Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
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