Thyrocare can thrust upwards from here in the long term

Thyrocare Technology Ltd. CMP – 560.40 (Long Term Investment Idea)
Market Capitalization Rs 2,966.2Cr

Red Flags:🟥
High Valuation (P.E. = 45.7)
Declining annual net profit
MFs are decreasing stake
High promoter pledge

Green Flags:🟩
No debt
FIIs are increasing stake
Improving cash from operations annual

Dividend Yield @CMP = 3.34%
Previous Happy Candles Number – 41/100
New Happy Candles Number – 43/100

Fresh Entry/ averaging / compounding after closing above 567
Targets: 585 and 606
Long term target: 630 and 674
Stop loss: Closing below 516

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