Saturday, November 28, 2020

NESCO | Stock to Buy | Mid to Long term Price Outlook

 

NESCO Limited

Stock/Share Price: 543


➽ In this article we will discuss recent development in the StockShare of NESCO in the Stock Market. NESCO Limited is a tool manufacturing company. The Company operates in two divisions: Bombay exhibition center/realty division and engineering division. The Company's engineering products include forging hammers and presses, blowroom lines and high production cards for the textile industry, and and sucker rod pumps for onshore oil recovery. 

➽NESCO  Ltd has nearly 4000 cr. market cap, available at half of the industrial average valuation.


Recent Key Strengths

Company with No Debt

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

Annual Net Profits improving for last 2 years

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

MACD crossed above zero line previous end of day



Recent Weaknesses

Degrowth in Revenue and Profit

Decline in Net Profit with falling Profit Margin (QoQ)

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

Declining profits every quarter for the past 4 quarters

Declining Revenue every quarter for the past 2 quarters

Fall in Quarterly Revenue and Net Profit (YoY)



Technical Chart 


NESCO stock break an important neckline with good volume . So long position in the stock can be made for the potential upside level of 598 and 644 in short to medium term. The stock is also a good for long term and can be hold for the level of 789.




Recent Valuation Summary



Recent Financial Summary


NESCO Ltd is delivering continuous improving result for the previous 3 years.


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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