Saturday, November 21, 2020

ALICON | Stock to Buy | Future Outperformer

 

ALICON CASTALLOY LTD.

Stock/Share Price: 332


➽ In this article we will discuss recent development in the StockShare of ALICON in the Stock Market. Alicon Castalloy Ltd is a leading manufacturer of aluminium alloy gravity and low pressure die castings for major automotive manufacturers in India and exports to USA and Europe. 

Recent Key Strengths


Growth in Net Profit with increasing Profit Margin (QoQ)

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge

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



Recent Weaknesses


Degrowth in Revenue and Profit

Decline in Quarterly Net Profit with falling Profit Margin (YoY)

Promoter decreasing their shareholding

Declining Net Cash Flow : Companies not able to generate net cash

Major fall in TTM Net Profit

Fall in Quarterly Revenue and Net Profit (YoY)



Technical Chart 


ALICON stock after recent correction and consolidation break the important neckline with good volume . So long position can be made for the upside level of 428 in the short term , 514 in mid term and 734 in long term.



Recent Valuation Summary


Recent Financial Summary


Both sales and net profit improved in Sep 20 in comparison with Jun 20 and March 20 quarters.



Thanks for your Precious Time.


Finvest Online
Telegram  :  t.me/finvestonline






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.


No comments:

Post a Comment