Latteys Industries Ltd (A Very Risky Penny Stock)

21. Juli

Its a "VERY RISKY PENNY STOCK".
May or May Not be a "Future Multibagger".

Fundamentals:-
Market Cap ₹ 114 Cr Only.
Current Price ₹ 19.88
Book Value ₹ 3.21
Graham Number ₹ 4.34
Stock PE 71.4
Industry PE 45.8
Dividend Yield 0 %
ROCE 11.9 %
ROE 9.07 %
Promoter holding 72.1 %
Pledged Promoter 0 %
Debt ₹ 16.9 Cr.
Reserves ₹ 6.94 Cr.
Piotroski score 6
Promoter holding is good & No promoters are pledged.

Technical:-
Price has given breakout above "Box" & "White Trendline".
Volume is increasing.
RSI recovered from oversold area (below 30).
RSI has given breakout above "White Trendline" & took support on it.
Resistance zones are marked with Red horizontal shaded zones.
Targets and Stoploss as marked on the Chart.

Levels are:-
Entry 16 to 19
Stoploss 12
Tgt 24-36-44-52

This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.