STOCK DISCOVERY 07-SEP-2021

 JINDAL WORLDWIDE LTD

Multi-Bagger Stock

FUNDAMENTAL QUICKLOOK

• Revenue growth had reduced after Covid situation.
• There is a significant growth in Net Profit growth during 2021
• Debt to Eequity ratio has reduced to 0.95. Return on Equity stands at 10.51
• As the markets worldwide are gradually opening up, after Covid Lockdown, JindalWorld is likely to grow its revenue in Cotton and Garment sector. 

TECHNICAL VIEW

• The stock is trading currently at around 79.
• There is a resistance at 90, if this resistance is crossed, the stock has potential to touch 160
• Weekly RSI has also started moving up.
• Price has also crossed Weekly 200 bar Moving Average which is a good sign for up move.

TECHNICAL CHART

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September 07, 2021

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