Will Laxmi Organic give you Laxmi in long term? Let's See...

Good Morning Traders and Investors,

I hope you all will be doing good, i have brought an ideas on any stock after few days. Well you all guy's are familiar with this triangular pattern as i have explained many times before in other stocks. Here we have seem same pattern in Laxmi Organics, But after giving breakout price has not moved much for upside, and price was consolidating in a range only, but now we have seen Shooting star candlestick pattern in this on downside. So I am expecting moment in this for upside in coming few weeks.

Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.
The company’s business operations are carried in over 30 countries including 11 offices located in India.

Market Cap
₹ 7,847 Cr.
Current Price
₹ 285
High / Low
₹ 333 / 220
Stock P/E
79.7
Book Value
₹ 53.2
Dividend Yield
0.18 %
ROCE
11.5 %
ROE
9.18 %
Face Value
₹ 2.00
Debt
₹ 406 Cr.
EPS
₹ 3.71
PEG Ratio
7.68
Promoter holding
72.4 %
Intrinsic Value
₹ 95.8
Pledged percentage
0.00 %
EVEBITDA
34.5

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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