Possibilities of big breakout
מעודכן
With quarterly sales increasing by 42% and quarterly profit increasing by 68%, JJASCH posted good set of numbers. This share is in a trading range since Jul'21 and now looks like it's ready for a breakout. RSI is also breaking out of it's range which confirms bullish trend. If it breaks Rs.174 with big volumes and stays above it, one can buy with a stop at or below Rs.150. It's better to wait for 3:15 before buying to understand if it is coming down or closing near the top. A close near the top proves it's strength.
Other Fundamentals: -
1. Average ROE for last 5 years above 15%
2. TTM sales growth at 72% and TTM profit growth at 136%
3. Borrowings came down from Rs.23cr to Rs.3cr since Mar'19
4. Debt to equity at 0.04, Interest coverage ratio at 47.9 and ROCE at 24%
5. During FY21, the Co was able to improve the drying speed of PVC coated fabrics in its existing ovens, as a result of which the installed capacity of PVC coated fabrics being manufactured has increased from 78 lakh metres to 94 lakh metres p.a.
6. Some of the major clients of the co include Puma, Red Tape, Bata, Mahindra, Walmart, Calvin Klein etc.
7. The company has recently modified its production lines, which has resulted in development of some new products with significant saving in power and fuel. The company has been concentrating on PU resin and PU Synthetic Leather where the competition is less.
Other Fundamentals: -
1. Average ROE for last 5 years above 15%
2. TTM sales growth at 72% and TTM profit growth at 136%
3. Borrowings came down from Rs.23cr to Rs.3cr since Mar'19
4. Debt to equity at 0.04, Interest coverage ratio at 47.9 and ROCE at 24%
5. During FY21, the Co was able to improve the drying speed of PVC coated fabrics in its existing ovens, as a result of which the installed capacity of PVC coated fabrics being manufactured has increased from 78 lakh metres to 94 lakh metres p.a.
6. Some of the major clients of the co include Puma, Red Tape, Bata, Mahindra, Walmart, Calvin Klein etc.
7. The company has recently modified its production lines, which has resulted in development of some new products with significant saving in power and fuel. The company has been concentrating on PU resin and PU Synthetic Leather where the competition is less.
עסקה פעילה
הערה
It's continuously coming back and trying to take support at the buy zone, strong share💪💪
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