Technical Analysis of Indian Stocks: Butterfly G. Appliances
Limited (NSE India) on 4 April 2017
This is no buy/sell recommendation – just a trial to see if
Technical Analysis (works to an extent) in NSE – India.
First let us look into the Technicals: Butterfly had a sort of
Head & Shoulders pattern from Sep to Dec ’16 – but it didn’t break down.
140 seems safer entry point. Recently, it has broken a down trend-line (re-test
complete).
Prediction: Bullish candles are hinting at a run to ~207 at
least (with SL @ 172).
Fundamental Data: Looks OK
Actual in M INR
|
2014
|
2015
|
2016
|
Sales
|
7 642
|
5 290
|
9 009
|
Operating income (EBITDA)
|
543
|
425
|
627
|
Operating profit (EBIT)
|
493
|
323
|
511
|
Pre-Tax Profit (EBT)
|
343
|
42,2
|
192
|
Net income
|
224
|
28,3
|
124
|
P/E ratio
|
-
|
121
|
23,7
|
EPS ( INR )
|
12,5
|
1,58
|
6,93
|
Dividend per Share ( INR )
|
-
|
-
|
1,25
|
Yield
|
-
|
-
|
0,76%
|
Reference price
( INR )
|
191
|
164.25
|
Note: Data collected from Internet (I am not sure about the
accuracy).
No comments:
Post a Comment