akashbothra

Sharda Cropchem Breakout and Retest

Long
NSE:SHARDACROP   SHARDA CROPCHEM
SHARDACROP

Fundamentals:-

ROE for last 3,5,7 and 10 years > 15 (greater then 15 is good).

Sales and Profit 5 year CAGR at 13.55% and 11.68% respectively (double digit growth and increasing sales every year since 2010).

Debt to equity at 0.02 (less than 1 is good), Interest coverage at 115 (greater than 3 is good), Current ratio at 2.40 (greater than 1.5 is good).

Dividend yield of 1.25% and constant dividend payer since 2014 (investor friendly).

Positive cash flow company.

PE (12) less than long term average PE (18.5).

All in all, good fundamentals and room for growth.

Breakout happened on 15th' February, now it's retesting the breakout point. Buy if it crosses Rs.344 with a stop below Rs.300.

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