TECHNOCRAFT IND LTD
เพิ่มขึ้น

TIIL break out and pull back

ที่อัปเดต:
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop

with quarterly sales growth of 52%, quarterly profit growth of 69% and TTM sales growth of 38% and profit growth of 111%, TIIL gave a break out on 14th March and pulled back on 15th. If the stock starts trading above Rs. 1109 once again then buy the stock with a stop loss at Rs. 980.
บันทึก
Other fundamentals: -
1.Co. is a leading Indian manufacturer and distributor of scaffoldings and formwork systems. The Company exports approximately 70% Scaffolding Formwork out of India.
2. Company is one of the largest manufacturer of high precision and sophisticated Drum Closures Products. Out of the total revenue of the drum division approx 90% revenue comes from export sales. Company continues to enjoy a worldwide market share of about 36% excluding China.
3. In FY 20, Company has started its Manufacturing Unit at Amravati Maharashtra having capacity of 31008 spindles. Production capacity of the plant is 20 MTs of yarn per day with 30s Average count.
Product range suitable to run in this plant is 26s to 40s Combed Compact Hosiery as well as warp yarn with Muratec QPRO Ex and Quantum 3 yarn clearers.
Plant has started its commercial production on 31st October 2020.
4. Company has shifted its Rubber Plant in a newly constructed Building within the Drum Closure Plant, which has resulted in an improvement in efficiency and reduction in cost of movement material and finished products.
5. Current Ratio at 2.04 (greater than 1.5 is good), Debt to Equity at 0.36 (less than 0.5 is good) and Interest Coverage at 14.3 (greater than 3 is good)
6. FII stake increase since December 2020 from 0% to 0.62%
การซื้อขายยังคงดำเนินอยู่
New stoploss at Rs.900.
บันทึก
Great move by TIIL, up 9%.
บันทึก
TIIL has incorporated a Subsidiary Company for its business. Name of the Subsidiary Company: ‘Technocraft Sepcialty Yarns Limited. Date of Incorporation: April 08, 2022. Initial Paid-up share Capital shall be Rs. 1.00 Lakh and 100% shareholding of the said Company owned by Technocraft Industries (India) Limited.
52weekhighsChart PatternsFundamental AnalysispullbackTIILTrend AnalysisVOLUMEBREAKOUT

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