A contender to do 10x-15x from CMP in next 2-3 Years.

Technical Analysis : Notes on Chart, Price is in Uptrend for the First time since its inception in 2008, 15 years ago.

Fundamental Analysis : I would say Average or below average FA for an investment. As Cash Flow does not look, Company got positive results only from last 2 years. P/E ratio is high around 140 but in small caps usually it is the case. But the Solvency Ratio looks good and so Assets are good for long and short term both copared to Liabilities. Next Results are in November and would be a good time to re-evaluate the position.

Just from the view of Fundamentals, Its not a screaming buy or more opportunities can be looked, But from the prespective of Technical Analysis a small risk is worth in it. TA wise the Signal is "BUY" Considering the Position may see drawdown of 50-60% also, Be wise to manage Risk Management for this Investment.

#DYOR for more. 👍

#Positional / #Long_Term
BANKNIFTYbankniftyanalysisbhartiairtelBSEChart PatternsFundamental AnalysisindianstocksniftyoptionsnseRELIANCEStocksTrend Analysis
holdwithPriyank
On Telegram :
DM : @holdwithPriyank

免责声明