Promoters increase shareholding as they guide immense growth going ahead, The last con call/presentation was a confidence booster as really positive numbers have started showing up and plants are running at 110% capacity utilization combined with ongoing capacity expansion.
VST Tillers completed and crossed a rounding bottom pattern above 3450 on daily charts. At the time of breakout it went up to a swing high of 3790 and is now retracing. Stock price consolidated between 3000-3200 for a few trading sessions before the latest breakout. Range of rounding bottom is from 2200 to 3450 which provides a distance of 1250 from bottom of pattern. Adding that to breakout level of 3450 provides target of 4700. Usually these are rough back of the envelope calculations and actual targets may vary from these levels. On longer term charts too it posted all time highs and is consolidating now. I do not track it fundamentally so not much idea, but any stock that clears all time highs bears watching closely.
VST Tillers completed and crossed a rounding bottom pattern above 3450 on daily charts. At the time of breakout it went up to a swing high of 3790 and is now retracing. Stock price consolidated between 3000-3200 for a few trading sessions before the latest breakout. Range of rounding bottom is from 2200 to 3450 which provides a distance of 1250 from bottom of pattern. Adding that to breakout level of 3450 provides target of 4700. Usually these are rough back of the envelope calculations and actual targets may vary from these levels. On longer term charts too it posted all time highs and is consolidating now. I do not track it fundamentally so not much idea, but any stock that clears all time highs bears watching closely.
@Sharon_Bayross Please use the guidelines below to update the thread with requisite details.
Regards,
Raj
From a long term perspective it looks enticing. As of now there is not much data points to go on but just the reputation of all those associated (Reliance,Blackrock,Mr Kamath)Let see in the next coming days where the price settles.
Disc invested in a small quantities waiting to buy more if the price is right.
Hi – Can any of the IT friends elaborate on the true 5G developer platform and lab announced in AGM? How would that differentiate Jio? Any case study – how is it value accretive? Is it becoming similar to Tata communications now that it also has laid its own optic fibre network? Thanks in advance for insights
Announces a substantial acquisition of the Atraco Group (est. in 1986) at an attractive 0.5x P/S
During the Q1FY24 concall management had indicated they will deploy the excess cash towards an inorganic opportunity if they could foresee market traction in H2 FY24 and a strong FY25. This news could be an indication of what is to come.
The deal involves a group of companies operating across various geographies and thus require several regulatory approvals. However, deal is expected to be concluded by October – December 2023 (Q3 FY24).
To give you a perspective on the Deal – Its BIG !!!
Approx. INR nos.
At a consolidated level this is a substantial deal, i.e., about +60% Revenue/PAT as a % of FY23 Gokaldas Exports nos.
Investor’s call is scheduled tomorrow. If someone attends, would appreciate if you could share some key highlights.
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Hello sir, I have entered in this stock VST tailors when it broke 3458 life time high. I heared their Con call they looked exicted and slightly over-confidant. From tachnica target looks like 5000. IF you’re tracking this stock can you add your input. If youre not tracking this, Can you confimed my chat analysis.
Just a suggestion, please take a SOIC course and go through some books like Five rules for successful stock investing by Pat Dorsey.
Things are contradicting a lot to me but again you might be right.
Disclaimer- I have started the investment nearly 1 year ago in stocks.