Tuesday, August 4, 2020

Vishnu Chemicals Limited , CMP : 151| Potential MultiBagger

VISHNU CHEMICALS LIMITED

CMP ; 151.35


PROFILE & BACKGROUND

--> The Vishnu Chemicals Limited was founded in 1989 and is headquartered in Hyderabad, India.
--> Vishnu Chemicals Limited manufactures and markets chromium chemicals in India.
 --> The company offers chrome chemicals, such as sodium dichromate, chromic acid, chrome oxide green, basic chromium sulphate, and potassium dichromate, as well as barium carbonate sulphur and its derivatives. 
--> It also provides custom synthesis, contract research, and contract manufacturing services, as well as analytical chemistry services.

VISHNU CHEM PRICE ON DAILY CHART


vishnu chemicals limited, www.finvestonline.com

Vishnu Chemicals stock clearly come out and breakout the channel on 04 August 2020 and closed at 151.35. Now the stock is in fresh zone out from the resistance area . It came out from a consolidation channel with high volume and closes above the resistance channel. Its Fundamental and technical indicates that it has all the qualities of a multibagger.  So make long position for the levels of 218 in short term. 434 in mid term term and 729 in the long term. Buy on dips and hold firmly.

ON MOVING AVERAGES

vishnu chemicals limited, www.finvestonline.com

Vishnu stock is trading above the 50 , 100 and 200 days moving averages clearly showing a strong trend in upward direction.

VISHNU CHEMICAL INCOME STATEMENT

vishnu chemicals limited, www.finvestonline.com

Net income decreased near about 9%  and total revenue also decreased near about 12% showing weak annual income statement in comparison with the year 2019.

VISHNU CHEMICALS BALANCE SHEET

vishnu chemicals limited, www.finvestonline.com

Vishnu Chemical stock is performing well on technical ground and breakout the resistance channel  but annual income statement is weak.




Disclaimer-


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