Monday, September 7, 2020

Deepak Nitrite Ltd | Extraordinary All Weather Multibagger Stock

 

Deepak Nitrite Limited 

Stock/Share Price: 730


➽ In this article we will discuss recent development in the StockShare of Deepak Nitrite Ltd in the Stock Market. DEEPAKNTR  had delivered more than 1000% ( 10 Times) in just 4 years and will analyze its future outlook.
 

Recent Key Strengths

➽ Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

➽ Company reducing Debt

➽ Annual Net Profits improving for last 2 years

➽ Book Value per share Improving for last 2 years

➽ Company with Zero Promoter Pledge

➽ FII / FPI or Institutions increasing their shareholding

➽ Recent Results : Growth in Operating Profit with increase in operating margins (YoY)

➽ Strong Momentum: Price above short, medium and long term moving averages


Recent Weaknesses

➽ Decline in Net Profit with falling Profit Margin (QoQ)

➽ Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

➽ Declining Revenue every quarter for the past 2 quarters

➽ Fall in Quarterly Revenue and Net Profit (YoY)

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Technical Chart 

deepak nitrite share price , finvestonline.com

➽ Deepak Nitrite Limited delivered more than 1000% return in just 4 years and the stock is still in strong uptrend and price momentum.

➽ The stock is making higher high and higher low and currently is at 730.

➽ Recently stock made a lifetime high of 825 and from there it was in short term price correction. Now the recent correction and consolidation is completed and the stock is again ready for making a new all time high again.

➽ The DEEPAKNTR stock is currently trading near 730 level and the next level that can test is at 978 in few trading session with a strong support near 625 level. It is a long term multibagger stock and can test 1688 in mid term and 3474 in the long term. So hold firmly till all the targets are achieved.

➽ So in every correction long position can be initiated for further appreciation in price.

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Recent Valuation Summary

deepak nitrite share price , finvestonline.com

After increasing 10 Times in just 4 years Deepak Nitrite valuation is still not expensive. The stock is trading near the industrial average PE. Market Cap now crossed the 10000 cr benchmark.

Recent Annual Results

deepak nitrite share , www.finvestonline.com

The Annual Income statement shows that performance of the stock is extraordinary on both top line and bottom line. Annual Profit is increasing at 200 % to 300% on annual basis.

Key Balance Sheet Summary

deepak nitrite share price , finvestonline.com

Equity capital of DEEPAKNTR is only 27 cr and annual profit is multiplying at 2 to 3 times on annual basis with huge reserves and surplus balance.

Note-> After analyzing on Technical Chart and on Fundamentally , the stock is true a multibagger stock having all the qualities and qualification and on recent parameters its future is also very bright.The stock is ready to multiply many times more in the upcoming future. So long position can be initiated in every correction in price for a better resutls.

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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 ana

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