Ashiana Housing CMP 183 - Can rake in money

A good accumulation is happening in Ashiana Housing around 180 levels. On 20th of December SBI mutal fund bought 1.7% stake in Ashiana Housing. I feel this stock is grossly underown. On Valuation front it looks fairly valued and can get re-rated in next couple of quarters based on Government focus on low cost housing theme.

Technically price consolidatation is happening in the range of 165 and 184 from last 20 weeks or so. Ashiana needs to break 185 with Volumes to resume the uptrend. It can reach first target of 213 and subseqent target of 290 in next 2-3 weeks and 3 months respectively.

Note: I reserve the rights to be wrong! take advice from your financial advisor before investing.

Technical Chart - Prime Focus a multibagger in making

After a long break from my blog, Let us focus on my next pick from Movies and entertainment sector.
Prime Focus Ltd CMP 115 has broken on a weekly chart after a sideways consolidation of almost 9 months. It was moving in range of 90 to 115. One can buy Prime Focus once it gives a confirmation by trading above 116 for an hour, a strict stop loss of 107 should be considered to cut down the position on a closing basis for an initial Target of 165 and 200 in next 3 and 6 months respectively. CMP is clsoing price on 22nd of December 2017



Fundamentally, Prime focus looks good having fair valuation with Positive financial Trend having good last couple of Quarters.

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Binani Industries Break out on daily and weekly charts

Binani Industries ( cmp 80.5 )have given a break out on Daily and weekly chart with good volume and RSI is also strong. this stock look good to me for medium to long term with target of 160.

Binani Industries Break out on daily Chart

Binani Industries Break out on weekly Chart

Disclaimer : This analysis is for educational purpose only, I am not a SEBI registered analyst. So before take any investment decision do your own analysis and take your own decision. I'll not be responsible for any loss arising out of any information, post or opinion appearing in this blog. Investors/traders are advised to consult financial consultant before acting on any such information or post.

Parenteral Drugs - CMP 25.6 dated 6July2017

Parenteral Drugs have given a breakout at Daily chart with improved volumes. This stock should be kept on radar.

This stock looking good to me for target of 35 for medium term.

Parental Drugs breakout Daily Chart

Parental Drugs breakout Weekly Chart

Disclaimer : This analysis is for educational purpose only, I am not a SEBI registered analyst. So before take any investment decision do your own analysis and take your own decision. I'll not be responsible for any loss arising out of any information, post or opinion appearing in this blog. Investors/traders are advised to consult financial consultant before acting on any such information or post.

Kalyani Steels - CMP 383.1 - Technical Charts

Kalyani Steels has given a Triangle break out a daily chart Pattern with double volumes. 

One can look at the stock if it sustains above 385 for Target of 400 and sequential target of 419 in a 2 weeks.

Overall Steel sector looks good due to govt. Policy of Anti Dumping Duty on Imports for 5 years. On Back of it it can go to 500 in 6 months time.

Kalyani Steel Breakout Daily Chart

Kalyani Steel Breakout Weekly Chart

Disclosure: Not invested in this stock, these charts are only for Study and Learning as I am a novice learning technical analysis on my own.

Sarla Performance Fibers - CMP 61 Dated 3April2016

Sarla Performance Fibers

Technical View
Sarla Performance is trading in uptrend channel with support of 71 and Resistance of 75, if it manages to break the channel next targets would be 90 and 101 Respectively based on historical pattern.  RSI is trending above 60

Sarla Performance Daily Chart

Fundamental View
arla Performance Fibers Limited is a leading exporter of Regular as well as High Tenacity Polyester and Nylon Yarns. It started operations 22 years ago as a commodity. SPFL is in the business of manufacturing and distribution of high value added polyester yarn and nylon yarn. SPFL, a 100% export oriented company has multi geographical presence in over 40 countries located in six continents. SPFL has branded clientele in its platter like- Hanes Brands, Gildan, Renfro, American & Efird, Delta Galil, Coats & Jockey. SPFL focuses to expand its global client base. For that they have one marketing centre at Portugal and two distribution centres at Thailand and Vietnam.
SPFL plans to increase its capacity from 9,900 TPA to ~18,000 TPA by End of FY17 and improve utilisation of it plants to 100% from current 30-35%.The company benefits from the duty free exports of goods manufactured inside the US as per NAFTA and CAFTA . CAFTA nullifies all tariffs on over 80 per cent of the US manufactured goods. Due to this, it is in advantageous position as it doesn't have to pay 32 per cent duty vs the other exporters to the US. It is in process to expand the installed Capacity from current 1.5 TPD by four times to 6 TPD for which SPFL will spend around 10 Crores.
In last one year company has invested 3 Crores in Mutual Funds and 5 Crores and Invested 5 Crores in Tata Motor Finance.
It has 1.94 Crore in Reserves and additional 24 Lacs in Share like Arvind Mills, Larson and Turbo , LIC housing, Punjab and National Bank, Hikal and Syngene international. It has cash and Cash Equivalent of 3.3 Crores.

Operations: During the year under review the sales of the Company were Rs. 25,594.13 Lacs as against Rs. 27762.73 Lacs in 2014-15 a slight decline of 7.81 %. The FOB value of exports
Rs. 15,193.24 Lacs compared to Rs 15,693.58 Lacs.
Profitability: The profit before Depreciation, Interest & Tax was Rs. 7,197.69 Lacs as compared to Rs. 5,646.31 Lacs In Previous year, after providing for depreciation of Rs. 1,014.40 Lacs (Previous Year Rs. 913.55 Lacs) & provision for taxation of Rs. 1207.10 Lacs (Previous Year Rs. 1,283.60 Lacs), there was a net profit of Rs. 4,265.83 Lacs as compared to Rs. 2,967.94 Lacs in the Previous Year.

It has an installed capacity of 11,900 tons per annum for manufacturing yarns in Silvassa and 3200 tons per annum for a Dyeing unit at Vapi. Its state of the art 30 tons per day POY plant in Walterboro, South Carolina in the US is now fully stabilized and operating at 30% plus capacity. The company’s emphasis this year will be to focus on increased capacity utilization at its US plant, enhance the proportion of niche end user applications in India, higher value added yarns to leading global apparel brands and companies. The company exports to 45 countries.SPFL also owns Wind Power Capacity of 10.25 MW in totality, out of which 6 MW is located in the state of Maharashtra, 1.25 MW is located in the state of Gujarat and 3 MW is located in the state of Madhya Pradesh. Our plant load factor for the fiscal year 2016 was about 23%. Going forward company plans to increase the load factor to 100% to fully ustilize the capacity which augurs well for company. 

Keeping above factors in mind SPFL will perform well in next 2-3 years, I have personally invested in the stock with Target of 160 rupees in 18-24 months time.