Anand Rathi Breakout after good quarterly numbers

13 апр. 2022 г.

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 Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop

after posting quarterly sales growth of 60%, quarterly profit growth of 257%, TTM sales growth of 53% and TTM profit growth of 181%, ANANDRATHI has given a high volume breakout today. Buy with a stop at rupees 610.

13 апр. 2022 г.

Заметка

Other fundamentals:
1. Debt to equity at 0.14 (less than 1 is good), Interest Coverage at 84 (greater than 3 is good), Current ratio at 2 (greater than 1.5 is good).

2. The company has a good return on equity (ROE) track record: 3 Years ROE 38.26%.

3. The company has been maintaining a healthy dividend payout of 22.21%.

4. The company is One of the leading non-bank wealth solutions firms in India & have been ranked amongst the top three non-bank mutual fund distributors in India by gross commission.

5. Guidance for FY'23 - AuM to grow from Rs.32000cr to Rs.39,000cr, revenue to grow from Rs.409cr to Rs.495cr and PAT to grow from Rs. 125cr to 155cr.