As many results for the 3rd Quarter keep rolling out, there are very few numbers from them which have some surprises in them with superior growth percentages. Among the toppers in today’s results are Cholamandalam Investments, Usha Martin, Satyam Computers & Finolex cables. The biggest disappointment is from SPARC, which has reported -507.37% growths on EPS continuing its negative results for the fourth consecutive quarter.
Let’s go into detail of the toppers and look if there are some possible trade opportunities in them.
Colamandalam Investments & Finance: The Company has reported sales of 421.48 Cr which is a neat 59.97% increase to its same quarter of the previous year. EPS 3.40 which is showing a steady rise since 5 quarters now has grown 473.48%, this stupendous growth rate has put this stock into the top league with an EPS raking of 93.59 among the BTT tracking index stocks. EPS ranking of above 80 among our list of stocks means this stock has a potential for a long trade to look for in its charts. Sales and Net profit growth rank is at 94.30 adding to the stocks fundamental strength.
This stock belongs to the Finance – Leasing hire purchase Industry group which has an Industry group ranking of ‘A’, which is in the top 87-93% among our listed industry categories, this is plus to the stock. Fund representation ranking is at ‘C+’, which means the stocks fund holding among the top 53-60% range, this ranking though not so very attractive is expected to increase in the coming months.
Funds buy sell is not very attractive with 5 funds participating in the buy sell activities which are at 117907 shares on the buy side and 130466 on the sell side. Among the biggest buyer is DSP Black Rock Micro Cap Fund and the top holder is Reliance Banking Fund holding 1.19% of the stocks market cap.
Technicals for the stock shows that it has already began attracting investors since December 2011. The daily charts have given a Value long buy at 114.50 and has reached its target at 143.75 within three weeks from entry and is now trending bullish. On the weekly there was a Trend long trade at 145.00 after the prior week had a huge volume jump of 444% in the weekly charts. Current weeks move will take the stock into a non trend zone on the weekly due to the changeover of direction by the EMA’s. Here is an opportunity lying to be taken, the stock will have a pull back since it is non-trending now and that will give a good resistance, which can be used as a pivot to trade long when breached. So, this stock is a candidate to be on our watch list and tracked regularly.
Patience and regular home work pays rich dividends, nothing comes free without efforts. Let’s look for a nice profit opportunity in this stock shortly.
Reports about other stocks will follow in the next posts. Have a nice trading experience, be with it and you love doing it, you get it.
No comments:
Post a Comment