Nuvoco Limited - Stock to buy
https://www.tradingview.com/x/Joo10aPw/
Fundamentals:
1. It is the fifth Largest cement group in India with trade mark Double Bull Cement. Also ready mix concrete manufacturer and have 11 brands under its belt.
2. A part of NIRMA Group Earlier known as Emami Ltd. It is a conglomerate manufacturing Cosmetics, Soaps etc.
3. Revenue in Q1 FY 2024 is 2805 Cr which is up by around 6% yoy basis, Earning in the same period is 402Cr which is up by around 7%.
4. Huge Order book.
5. Huge Plant Capacity.
Technical:
Pictorial presentation of 1 day chart shows that it has already broken out of the clutches of previous resistances.
Please be patient and execute with proper levels to come. Use other indicators like Williams %R, RSI in consonance with EMAs and SMAs. Do not be in haste.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for your financial losses or profits.
Let you grow. May! I follow you.
Thank you
Fundamentals:
1. It is the fifth Largest cement group in India with trade mark Double Bull Cement. Also ready mix concrete manufacturer and have 11 brands under its belt.
2. A part of NIRMA Group Earlier known as Emami Ltd. It is a conglomerate manufacturing Cosmetics, Soaps etc.
3. Revenue in Q1 FY 2024 is 2805 Cr which is up by around 6% yoy basis, Earning in the same period is 402Cr which is up by around 7%.
4. Huge Order book.
5. Huge Plant Capacity.
Technical:
Pictorial presentation of 1 day chart shows that it has already broken out of the clutches of previous resistances.
Please be patient and execute with proper levels to come. Use other indicators like Williams %R, RSI in consonance with EMAs and SMAs. Do not be in haste.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for your financial losses or profits.
Let you grow. May! I follow you.
Thank you
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