LET THE MARKET TELL WHO WE ARE

This company is engaged in manufacturing of non-ferrous gravity and pressure die casting. Stock has last closed at 1387. Recently stock has made a higher low at 1294.95 compared to previous low at 1010.20 during the month of March after Corona outbreak. It’s a small cap company and according to last closing company stood at a market capitalization of 2807 crore. On price front company is trading near the lower end of 52 week’s high low range and also stock is staying below 50 and 200 days SMA keeping this stock in down trend on technical front. This company has yoy sales growth at 23.05% and 5 years annualized sales growth stands at 18.19% which can be considered a good thing. Return on equity stands at 18.76% and 5 years average return on equity stands at 17.85% and can be considered good. Debt to equity ratio stands near 3.29 and interest coverage stands at 2.16 times. Leverage ratios are not very attractive and one must be cautious before taking any investment decision i...

DATE           13/05/2020                                   HUDCO        Last closed   21.45  CMP   23.9    ROE                       11.29%                              ROCE                     8.43%                     DEBT/EQUITY    ...

#NIFTY index settled at 9859.90 up by 306.55 points on Thursday. It was a trading holiday in India on Friday but #SGX_NIFTY witnessed good decline on Friday that will cause a gap down opening in domestic markets today. On Friday nifty successfully tested its 50 days SMA that stands near 9836. Now areas of 9800 will remain crucial to watch out in next few days. If market consistently holds above 9840 zones then we will see this index retesting areas of 10100-10700 zones. A death cross between 50 and 200 days SMA has already taken place during the month of March 2020 and it has been observed in past when a down trend is triggered by a death cross it can last up 8 months 16 months easily. Market is already up by 31% and further upside from these levels seems less likely but still if index manages to hold above 9840 consistently then one must be ready for a retest to 10100-10600 zones. Areas of 10700-10800 will remain a crucial turning point. Crucial support is placed at 9300-9250...