[High Risk] Laurus Lab - Real breakout or fakeout? What's cooking?
Fundamentals
MCAP- 31000 Cr
PE - 242 > Industry PE of 34.51, Extremely expensive
PEG Ratio is 21.31
Debt to Equity is 0.67 and ICR is 1.9
ROE is 4%, ROCE is 6.6% ( 5yr ROCE is 21%)
Sales growth is -5%, 5yr Sales growth is 17%
Profit Growth is -65%, 5yr Profit growth is 11%
Promoter holding is 27% , constant in last one year
FII Holding has gone up steadily in past few quarters
DII holding on uptrend , however has reduced slightly in last quarter
Latest results - Poor results for past few quarters and hence risky preposition
Technicals
CMP - 586
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 67
Nearly overbought
Commentary
As seen in the charts , the stock has been trading in the parallel channel since mid 2023. Recently it has broken out of this parallel channel with steady volumes near 520-530 range
The stock has to move above the multi year resistance at 600-625 range to touch ATH of 720
Target :
T1 : 600>625>720
Timeframe : 3-6 months
Risks : Poor results in the last few quarters. Have a strict stop loss as per your risk appetite.
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Fundamentals
MCAP- 31000 Cr
PE - 242 > Industry PE of 34.51, Extremely expensive
PEG Ratio is 21.31
Debt to Equity is 0.67 and ICR is 1.9
ROE is 4%, ROCE is 6.6% ( 5yr ROCE is 21%)
Sales growth is -5%, 5yr Sales growth is 17%
Profit Growth is -65%, 5yr Profit growth is 11%
Promoter holding is 27% , constant in last one year
FII Holding has gone up steadily in past few quarters
DII holding on uptrend , however has reduced slightly in last quarter
Latest results - Poor results for past few quarters and hence risky preposition
Technicals
CMP - 586
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 67
Nearly overbought
Commentary
As seen in the charts , the stock has been trading in the parallel channel since mid 2023. Recently it has broken out of this parallel channel with steady volumes near 520-530 range
The stock has to move above the multi year resistance at 600-625 range to touch ATH of 720
Target :
T1 : 600>625>720
Timeframe : 3-6 months
Risks : Poor results in the last few quarters. Have a strict stop loss as per your risk appetite.
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Trade aktif
Laurus T1 achieved , Above 600 now. Will be interesting to see how it moves in the coming few days/weeks
Trading ditutup: target tercapai
Target 2 reached Laurus Lab now 630+
Catatan
Going as expected - near 675Catatan
Laurus Labs 690+ Hopefully, will reach the target in the coming weeks
Catatan
Laurus Labs 720+ ATH All targets reached.
Catatan
Laurus 820+ now.... All targets reached... Not tracking anymore 
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.