Friday, July 2, 2021

SANGHIIND | Stock Price Analysis & Outlook

 investment ,

Sanghi Industries Ltd

CMP  55

➽  Sanghi Industries Ltd was initially established with the aim of manufacturing PVC foam leather cloth. Thereafter, they have extended their production process to items like PVC self adhesive tapes, tarpaulins, and cements. 

➽ Key Stat

Company with high TTM EPS Growth

Bullish Harami (Bullish Reversal)

Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Increasing Revenue every quarter for the past 3 quarters

Annual Net Profits improving for last 2 years

Book Value per share Improving for last 2 years

FII / FPI or Institutions increasing their shareholding

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

GREENPANEL | Stock Price Analysis & Outlook

➽ Recent Shareholdings

Promoters pledged 6.63% of shares in last quarter. Total pledge stands at 98.82% of promoter holdings

Promoters holding remains unchanged at 70.33% in Mar 2021 qtr

Mutual Funds have decreased holdings from 3.86% to 2.23% in Mar 2021 qtr

Number of MF schemes decreased from 2 to 1 in Mar 2021 qtr

FII/FPI have increased holdings from 0.16% to 0.34% in Mar 2021 qtr.

Number of FII/FPI investors increased from 4 to 6 in Mar 2021 qtr.

Institutional Investors have decreased holdings from 4.02% to 2.57% in Mar 2021 qtr

 Technical & Price Levels

Moving AveragesBullish
Technical IndicatorsBullish
Moving Averages CrossoversNeutral

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

Long position can be made for the levels of  61 - 66

Thanks for your Precious Time.

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