Saturday, October 24, 2020

Adani Transmission | Potential Multibagger | Price Outlook


Adani Transmission 

Stock/Share Price: 293

➽ In this article we will discuss recent development in the StockShare of ADANITRANS in the Stock Market

➽ Adani Transmission India Ltd is engaged in transmission of energy. The company has developed and commissioned 400 kilo vatt direct current dedicated Mundra-Dehgam transmission line of 430 Kms. The company was incorporated in 2013 and is based in Ahemadabad, Gujarat. Adani Transmission India Ltd operates as a subsidiary of Adani Group.

➽ Adani Transmission has market cap of nearly 32000 crores, Current PE of 4190 and book value of nearly 14. Nearly 29 % of the stock is still pledged. Stock is overvalued and looks expensive but delivering excellent financial results. 

Recent Key Strengths

Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Book Value per share Improving for last 2 years

Company with decreasing Promoter pledge

FII / FPI or Institutions increasing their shareholding

Stock gained more than 20% in one month

Companies with rising net profit margins - quarterly as well as TTM basis

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

Recent Weaknesses

Companies with growing costs YoY for long term projects

MFs decreased their shareholding last quarter

Companies with High Debt

Companies with Increasing Debt

Highest promoter stock pledges

Technical Chart 

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Adanitrans stock is trading in a uptrend and recently it has given a upside breakout on charts. Long position in the stock can be made for the potential upside level of 434 in short term , 734 in mid term and 1538 in long term.

Recent Valuation Summary

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Recent Annual Results

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Key Balance Sheet Summary

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Share Holding %

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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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