3 STOCKS TO INVEST FOR SHORT TERM TO MEDIUM TERM
INVESTMENT IDEA
INDIA MART RS 6999.00
The basic companies detail is
IndiaMART, the first and largest B2B digital marketplace in the country, today stands out as a game-changer on the B2B landscape. It focuses on integrating the Small and Medium Businesses (SMEs) Into the new paradigm with speed and ease, company is constantly pushing the frontiers of innovation to make the online
Pan India presence
The company has been diversifying its presence and now the Metro cities accounts for only 33% of buyers, tier-2 cities accounts for 26% & rest of India accounts for 41%.
# The diversified presence helps to minimize
The basic fundamental data is
Market Cap ₹ 21,251 Cr.
Current Price ₹ 6,994
High / Low ₹ 9,952 / 2,035
Stock P/E 76.0
Book Value ₹ 530
Dividend Yield 0.14 %
ROCE 39.1 %
ROE 29.7 %
Face Value ₹ 10.0
Copanies +ve side is
PROS
Company is almost debt free.
Company has delivered good profit growth of 34.58% CAGR over last 5 years
Important fact
CONS
Stock is trading at 13.19 times its book value may looks higher valuable but
Promoter holding has decreased over last quarter: -2.13%
Considering the chart pattern and other companies higher valuation is justified and most of Such companies always trade in premium.
so one can buy this stock for the investment and do SIP on every decline.
Here I have tried to analyses Indiamart in the weekly time frame.
The chart pattern clearly indicates that the stock which was in the correction is now entering in oversold condition From the peak of Rs 9950 it corrected to RS 6650 and now recently another bottom formed at 6779 (slightly higher bottom) while RSI
Indicator entered in extreme oversold condition.
Initiate buy 25% of your normal qty at CMP and add more 75% quantity above 7150. Once that buy trigger gets activate stock can move to new range first 7850 range. Once that range also surpassed then expect price to move in the range of 10k to 11k.
EXCEL CORP RS 3194
STOCK IS REAADY FOR A BIG UP MOVE FROM HERE.
FROM THE PEAK OF RS 4901 STOCK IS A CORRECTIVE DECLINE
AND ENDED THIS CORRECTION AT RS 2490. NOW IN THE CURRENT WEEK
IT HAS RENDERED FRESH UP MOVE OF 24% JUST STARTED.
A STRONG BREAKOUT OBSERVED.
BUY FOR THE MINIMUM UPSIDE OF 1ST TGT S 3640 AND NEXT TGT IS 3750
BOOK PROFIT 50% AT 1ST TGT AND BALANCE AT THE 2ND TGT STOP LOSS IS 2950
SCHNEDIER RS 129
IN THE WEEKLY TIME FRAME IT HAS MADE A PERFECT FLGA/FALLING WEDGE PATTERN
THE CONVERGING 2 TREND LINE IS NOW READY TO GIVE STRONG UPWARD BREAKOUT.
CLOSE ABOVE RS 130 WILL START UP MOVE AND PROBABLE TGT WOULD BE RS 150 ++
BUY AT CMP AND ADD ON DECLNE FOR SHORT TERM. CHART INDICATES WORTH INVESTMEING FOR
SHORT TERM.
SL RS 120 IMPORTANT LVELS ARE 133 — 139 – 147 AND 152
