Ganesh Benzoplast Breakout
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since 2017,
GANESHBE has given a high volume breakout on Friday. Buy with a stop at Rs.105.
Other fundamentals:
1. According to a news report published on 11th March, Ganesh Benzoplast Limited along with Singapore based Golden Agri International Enterprises Pte. Ltd., K N Agri Resources Ltd and other investors, through– Bluebrahma Clean Energy Solutions Pvt Ltd. – has ventured into production of Ethanol and Extra Neutral Alcohol. (https://www.livemint.com/brand-post/ganesh-benzoplast-ltd-ventures-into-production-of-ethanol-and-ena-in-nasik-11646997880472.html)
2. 10 year sales CAGR at 10% and profit CAGR at 75%.
3. Debt to equity at 0.18 (less than 1 is good), Interest Coverage at 15.8 (greater than 3 is good), FCF to CFO at 60%.
4. From 287 crore in 2012, debt came down to 45 crores in September 2021.
5. Promoter holding has increased by 1.27% over the last quarter.
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since 2017,
GANESHBE has given a high volume breakout on Friday. Buy with a stop at Rs.105. Other fundamentals:
1. According to a news report published on 11th March, Ganesh Benzoplast Limited along with Singapore based Golden Agri International Enterprises Pte. Ltd., K N Agri Resources Ltd and other investors, through– Bluebrahma Clean Energy Solutions Pvt Ltd. – has ventured into production of Ethanol and Extra Neutral Alcohol. (https://www.livemint.com/brand-post/ganesh-benzoplast-ltd-ventures-into-production-of-ethanol-and-ena-in-nasik-11646997880472.html)
2. 10 year sales CAGR at 10% and profit CAGR at 75%.
3. Debt to equity at 0.18 (less than 1 is good), Interest Coverage at 15.8 (greater than 3 is good), FCF to CFO at 60%.
4. From 287 crore in 2012, debt came down to 45 crores in September 2021.
5. Promoter holding has increased by 1.27% over the last quarter.
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