CMP 287
Long suggested at CMP
Stop 270
Target Open
Technical logic:
1) Monthly Chart has a #VCP pattern breakout (Current month not complete. Breakout happened on the first day of the month, ie, today). Today's volumes are greater than the entire previous month's volume suggesting that smart money has flown into the stock.
2) Weekly chart has a Cup and Cheat pattern breakout.
Fundamental logic:
1) Exponential growth in key quarterly parameters (YoY growth): - Last 4 quarters:
Sales 17.01% 25.52% 31.88% 44.59%
NP 44.91% 33.91% 131.79% 148.44%
2) Company's financial year end is Dec. So current financial year's two quarters EPS sums up to 2.19 which is more than the previous years (ending dec 2017) eps of 1.84 by 20%. Assuming the same rate going forward annual eps growth of 40% expected by Dec 2018.
3) Promoter holding 70%.
4) D/E 0.3
Long suggested at CMP
Stop 270
Target Open
Technical logic:
1) Monthly Chart has a #VCP pattern breakout (Current month not complete. Breakout happened on the first day of the month, ie, today). Today's volumes are greater than the entire previous month's volume suggesting that smart money has flown into the stock.
2) Weekly chart has a Cup and Cheat pattern breakout.
Fundamental logic:
1) Exponential growth in key quarterly parameters (YoY growth): - Last 4 quarters:
Sales 17.01% 25.52% 31.88% 44.59%
NP 44.91% 33.91% 131.79% 148.44%
2) Company's financial year end is Dec. So current financial year's two quarters EPS sums up to 2.19 which is more than the previous years (ending dec 2017) eps of 1.84 by 20%. Assuming the same rate going forward annual eps growth of 40% expected by Dec 2018.
3) Promoter holding 70%.
4) D/E 0.3
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