Friday, November 20, 2020

DEEPAK NITRITE | Stock to Buy | Price Outlook

 

DEEPAK NITRITE

Stock/Share Price: 811


➽ In this article we will discuss recent development in the StockShare of DEEPAKNTR in the Stock Market. Nearly 11000 cr. company trading at a PE of 26.

Recent Key Strengths

Strong Annual EPS Growth
Effectively using its capital to generate profit 
Effectively using Shareholders fund
Efficient in managing Assets to generate Profits
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)


Recent Weaknesses

Companies with growing costs YoY for long term projects

MFs decreased their shareholding last quarter


Technical Chart 


Stock is trading in a strong uptrend making higher high and higher low . Recent correction and consolidation  should be used to make long position for the potential upside target of 884 , 944 .


Recent Valuation Summary


Recent Financial Summary


Both sales and net profit increased significantly improved from the previous quarter.



Thanks for your Precious Time.


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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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