Wednesday, September 23, 2020

BEPL Limited | CMP: 62 | Multibagger Stock | Short and Long Term Outlook

 

Bhansali Engineering Polymers Ltd. ( BEPL )

Stock/Share Price: 62


➽ In this article we will discuss recent development in the StockShare of BEPL in the Stock Market. BEPL  a 1000 cr. market cap company currently trading at P/E ratio of 23.92 which is near about industrial P/E of 23.35 . BEPL is a Debt free company having excellent future prospects. 

BEPL  Reserves and surplus is increasing for the past 3 years showing good signal of performance .

BEPL on Technical Charts


1) Long Term 

bepl share price, www.finvestonline.com


2) Short and Mid Term Chart

bepl share price, www.finvestonline.com

BEPL made a all time high of 225 in the year 2018. 

BEPL was in long term price correction and made a low of 23 in the March 2020. Now from the low of 23, BEPL stock generated 300% return to the investor and made a recent high of 66.

BEPL stock is currently trading at the level of 62 and is in sideways zone for the few trading session. As the stock is in sideways zone , so it can fall upto the level of 58 in downside. But that will a opportunity of adding stock at a lower price and there is no need to panic.

As the long trend of the stock is very strong , so it is expected that after consolidating in this sideways zone the stock can show further price momentum in upside.

In the Short term BEPL stock can go to the level of 90 and in the mid term stock can touch to a level of 124 in upside. In the long run stock can touch to a level of 240 to 300 in upside. So make long position in BEPL stock for a longer time view and accumulate stock at lower levels for long term.


Reserves & Surplus


Reserves and surplus is continuously increasing for the 3 previous year showing a good performance.

Thanks for your Precious Time.


Finvest Online
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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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