Sunday, November 22, 2020

GOACARBON | Stock to Buy | Price Outlook

 

GOACARBON

Stock/Share Price: 254


➽ In this article we will discuss recent development in the StockShare of GOACARBON in the Stock Market. Goa Carbon is the second largest manufacturer of Calcined Petroleum Coke in the country with the turnover touching Rs. 4,200 million and has throughout been among the leading suppliers of CPC to aluminium smelters, graphite electrode and titanium dioxide manufacturers as well as other users in the metallurgical and chemical industries.

Recent Key Strengths

Company with Low Debt

Company with Zero Promoter Pledge

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

Stock gained more than 20% in one month

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


Recent Weaknesses

Inefficient use of assets to generate profits 

Red Flag: Downgrade by Credit Rating Agency

Annual net profit declining for last 2 years

Book Value Per Share deteriorating for last 2 years



Technical Chart 


GOACARBON stock is slowly and gradually picking up the price momentum and in the today break an important upside breakdown of 248  with good volume. 
So, long position in the stock can be made in every correction for the potential upside level of 308- 324 in short term




Recent Valuation Summary

A small cap company having zero promoter pledging and the second largest manufacturer of Calcined Petroleum Coke in the country


Recent Financial Summary


Sales improving from the 2 previous quarters.


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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