Category: MarketSmith India Stories

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Godrej Industries Stock Is Marching Towards 52-Week High

Godrej Industries stock has broken out of a 5-week, 11% deep Flat Base 2-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only 0% away from the ideal buy price of INR 555.

In the last twelve months, Godrej Industries has rallied nearly 78.6% as compared to 59.4% for the Nifty500. It has a Relative Strength Rating of 65. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 3.89% away from the 10-week moving average.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Godrej Industries can maintain this outperformance, it could make sense as a CANSLIM trade.

On the earnings front, Godrej Industries has an excellent EPS Rank of 89, which indicates consistency in earnings. The sales for the stock have grown by 5% over the past three years; however the earnings growth remained muted at -2%. Its 3-years earnings stability is 24, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 20% and 8%, respectively. The 5-years earnings stability is 29. The return on equity for the last reported year is 8%.

The stock belongs to the industry group of Diversified Operations, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 51. The current price of Godrej Industries is -10% off from its 52-week high price and 117% above its 52-week low price.

The stock appears on our idea lists: Trend Template – 5 Months.

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Is Valiant Organics A Good Buy?

Valiant Organics stock has broken out of a 26-week, 42% deep Cup With Handle Base 2-weeks ago. However, the stock is still worth watching as the current price is only 3% away from the ideal buy price of INR 1661.

The stock closed in red for the week, but on a lower volume. It was down -3.87% on a -15% lower volume than the 10-week average. You want to see a strong close on heavy volume before initiating a position. That signals institutional buying. But do not conclude anything just based on this week’s action. A prudent approach would be to watch the price volume momentum in the coming trading sessions.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 8.27% away from the 10-week moving average.

In the last twelve months, Valiant Organics has rallied nearly 158.7% as compared to 59.4% for the Nifty500. It has a Relative Strength Rating of 62. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Valiant Organics can maintain this outperformance, it could make sense as a CANSLIM trade.

Valiant Organics stock has strong institutional support. The Accumulation/Distribution Rating of ‘A+’ represents heavy institutional buying over the past few weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

On the earnings front, Valiant Organics has a respectable EPS Rank of 74, which is okay but needs improvement. The earnings and sales for the stock have grown by 57% and 104%, respectively over the past three years. Its 3-years earnings stability is 50, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 59% and 98%, respectively. The 5-years earnings stability is 47. The return on equity for the last reported year is 44%.

The current price of Valiant Organics is -15% off from its 52-week high price and 161% above its 52-week low price. The stock belongs to the industry group of Chemicals-Specialty, which is exhibiting excellent strength in the current market environment. The current industry group rank is 28.

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Godrej Industries Stock Is Marching Towards 52-Week High

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Skf India: Forming A Cup Without Handle Base On Higher Volume.

Skf India stock has cleared a 14-week, 18% deep Cup Without Handle Base this week. Currently, the stock is trading around just -3% away from its ideal buy price of INR 2512. The stock is offering investors an opportunity to get on board at the current price.

The stock ended the week on a bullish note. It closed 5.45% up on a 218% greater volume than the 10-week average. You want to see a strong close on heavy volume like this before initiating a position. That signals institutional buying. You would also want to see the same price volume momentum to continue in the coming weeks.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 7.88% away from the 10-week moving average.

In the last twelve months, Skf India has rallied nearly 71.1% as compared to 59.4% for the Nifty500. It has a Relative Strength Rating of 58. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Skf India can maintain this outperformance, it could make sense as a CANSLIM trade.

Skf India stock has a strong institutional support. The Accumulation/Distribution Rating of ‘A+’ represents heavy institutional buying over the past few weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

On the earnings front, Skf India has an excellent EPS Rank of 87, which indicates consistency in earnings. The earnings and sales for the stock have seen the-growth of -8% and –6%, respectively over the past three years. Its 3-years earnings stability is 15, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 6% and 1%, respectively. The 5-years earnings stability is 18. The return on equity for the last reported year is 17%.

The current price of Skf India is -3% off from its 52-week high price and 75% above its 52-week low price. The stock belongs to the industry group of Machinery-Gen Industrial, which is exhibiting excellent strength in the current market environment. The current industry group rank is 33.

The stock appears on our idea lists: Trend Template – 5 Months.

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Bajaj Finserv: A Long Term Leader Hits its 52-Week High.

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Bajaj Finserv: A Long Term Leader Hits its 52-Week High.

Bajaj Finserv Ltd stock has broken out of a 10-week, 15% deep Consolidation Base 4-weeks ago. However, the stock is still worth watching as the current price is only 8% away from the ideal buy price of INR 10579.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 8.76 % away from the 10-week moving average.

In the last twelve months, Bajaj Finserv Ltd has rallied nearly 153.5% as compared to 59.4% for the Nifty500. It has a Relative Strength Rating of 68. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The RS Line remains in a downtrend for the last few weeks. However, this is not unusual for a leading stock as the stock sets up base for its next leg up or at the very beginning of a new trend. At this point, the overall long term trend of the line is upward. If Bajaj Finserv Ltd can maintain a healthy upward move, it could make sense as a CANSLIM trade.

Another key part of the jigsaw is institutional sponsorship. Bajaj Finserv Ltd has an Accumulation/Distribution Rating of ‘B+’. This represents heavy institutional buying over the past few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Bajaj Finserv Ltd has an excellent EPS Rank of 97, which indicates consistency in earnings. The earnings and sales for the stock have grown by 14% and 24%, respectively over the past three years. Its 3-years earnings stability is 7, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 17% and 36%, respectively. The 5-years earnings stability is 6. The return on equity for the last reported year is 13%.

The stock belongs to industry group of Insurance-Brokers. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 73. The current price of Bajaj Finserv Ltd is -2% off from its 52-week high price and 185% above it 52-week low price.

The stock appears on our idea lists: Minervini Trend Template – 5 Months.

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Is Ghcl Stock A Good Buy??

Ghcl stock has broken out of a 9-week, 17% deep Cup Without Handle Base 2-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only 0% away from the ideal buy price of INR 258.

The stock closed in green for the week, but the volume remained below average. It was up 4% on a -3% lower volume than the 10-week average. It will be interesting to see how the stock behaves in the coming week. You would want to see the price volume momentum to pick up in the coming trading sessions.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 8.28% away from the 10-week moving average.

In the last twelve months, Ghcl has rallied nearly 157.3% as compared to 68.4% for the Nifty500. It has a Relative Strength Rating of 72. We definitely would like see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Ghcl can maintain this outperformance, it could make sense as a CANSLIM trade.

Another key part of the jigsaw is institutional sponsorship. Ghcl has an Accumulation/Distribution Rating of ‘B+’. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Ghcl has a respectable EPS Rank of 79, which is okay but needs improvement. The earnings and sales for the stock have seen de-growth of -2% and –2%, respectively over the past three years. Its 3-years earnings stability is 14, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 2% and 4%, respectively. The 5-years earnings stability is 14. The return on equity for the last reported year is 14%.

The current price of Ghcl is -6% off from its 52-week high price and 164% above it 52-week low price. The stock belongs to industry group of Chemicals-Specialty, which is exhibiting excellent strength in the current market environment. The current industry group rank is 31.

GHCL: Engages in the offering of chemicals, textiles, consumer products, and trading division.  

Chemical: Manufactures Soda Asha, major raw material for detergents, glass & ceramics industries, and Sodium Bicarbonate (baking soda). About 60 thousand MTBA of Sodium Bicarbonate is used in industries like bakery, pharma, fire extinguisher, and cleaning agents. Manufacturing plant in Gujarat with a capacity of 975 thousand MTPA. 

Textiles: Co has an integrated setup from the spinning of yarn to weaving, dyeing, printing, and processing till the finished products Co exports to the United Kingdom, United States of America, Australia, Canada, Germany, and other European Union countries.  

Consumer products: Manufacturing edible salt, spices, and honey under the brand name i-FLO.  

The stock appears on our idea lists: Trend Template – 5 Months.

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