Techno-Funda Talk Of Agrochemical Major Rallis India

  

RALLIS INDIA((Cmp Rs. 302.85)

Last 3 session Rallis India decisively crossed 290 resistance level. On 17/7/20  to 09/09/20 this 290 level was strong support .After breakdown on 22/9/20 this 290 zone  became  resistance  & fail to cross this resistance level on  29/09/20 , 7/12/20 &  16/12/20.Finally on 6^th January successfully crossed  Rs. 290 hurdle & crossed the blue coloured downtrend line with significant volume.

RSI 69, in bullish zone. In Macd  bullish crossover done. ADX is  34 (25+ Strong Trend). Bollinger Band expands from Squzee which further confirmed upswing. Buying Range Rs.300 –290. Stop Loss Rs. 280. Target 350 very short time.

Fundamentally also the stock is looking Good :-

 Sales revenue & EPS growth @ 6-7 % Year to year, which is Very steady & healthy

Last few year Share Capital is fixed at 19 cr i.e no dilution of Share. reserves consistently increased year to year.Borrowings are decreasing.

Shareholding Pattern:-FII Increase their stake in Last Sept'20Qtr

• Earnings grew by 30.1% over the past year
• Earnings are forecast to grow 17.83% per year
• Company has reduced debt.
• Company is almost debt free.
• Company is expected to give good quarter
• Company has been maintaining a healthy dividend payout of 30.71%
• Good Entry time to consider, as stock is not in overbought zone
• Last 12 years company never in Loss  & maintains healthy increasing profit from 71 cr To 185 Cr.
•  Good  Promoter holding 50.1%
  
  

  "Wide Diversification only required when investors no not understand what they are doing " -Waren Buffett-