SENCO - POST 20% CORRECTION, PA MIGHT REVERSE FRM BOTTOM CHANNEL

2024年7月21日

Hi All,

This idea is about Senco Gold Ltd

The stock has corrected over 20% in this month alone & now have reached the lower channel of rising wedge formation. Volumes have dried up indicating the supply may have exhausted & Price action might soon reverse from this point

Stock can be bought if it gives a closing above 980 for further targets of T1 1010, T2 1070, T3 1150.

If the stock shows further downside then the support levels are S1 916, S2 864

The correction is due to poor quaterly results owing to heat wave, elections, and fewer wedding days although the sales was up 9% YoY

Fundamentals

Market Cap
₹ 7,398 Cr.
Current Price
₹ 952
High / Low
₹ 1,177 / 365
Stock P/E
39.2
Book Value
₹ 177
Dividend Yield
0.11 %
ROCE
13.4 %
ROE
16.2 %
Face Value
₹ 10.0
Equity capital
₹ 77.7 Cr.
No. Eq. Shares
7.77
EPS
₹ 24.3
Promoter holding
68.4 %
Change in Prom Hold
-0.01 %
Chg in Prom Hold 3Yr
%
Pledged percentage
0.00 %
Market Cap to Sales
1.41
Sales growth
28.3 %
PEG Ratio
1.92
EVEBITDA
20.3
Quick ratio
0.40
Trade receivables
₹ 64.4 Cr.
Sales
₹ 5,230 Cr.
Debt to equity
1.28
Price to book value
5.37
Free Cash Flow
₹ -324 Cr.
CMP / FCF
-42.4

Happy Trading,

Thanks,
Stock-n-Shine

2024年7月23日

交易進行

Senco gold 5% up, went way higher & then profit booking happened