2 Budding Multi-Baggers at Lower Price

 

Technical and Fundamental Analysis of ASHOKABUILDCON and CHENNAIPETRO

Potential Multi-Bagger with Low Risk

09-OCT-2021 - Weekend Analysis

In our endeavor to give the readers insight on various stocks especially in cash segment, we have been providing technical and fundamental analysis for few stocks in the past starting from Aug-2021, which helps the readers/investors to keep these stocks in their watchlist. 

We are delighted to see the number of views have increased significantly, after we posted the progress report on these recommended stocks where the stocks have given profit margin starting from 10% to as big as 49% for few stocks in such a short period of time.

To continue this effort, we are pleased to put our analysis on below two stocks for readers to keep watch on these in the coming days.

1. ASHOKA BUILDCON LTD.

Infrastructure stock

Ashoka Buildcon Ltd. is an infrastructure development company. The company is engaged in construction and maintenance of roads and supporting services like toll roads, bridges, etc. 

• The company has been recently showing High growth and High Return on Equity.

• Currently it has got Low PE Ratio of 11.80 compared to Sector PE of 59.40.

• Low PE indicates, the stock is trading at a Cheaper Price compared to the Sector.

• High Volume registered during recent past weeks indicates big players are now interested in this stock which is a bullish indication.

• Delivery Percentage of the stock has been increasing in recent days – indicates buyers are bullish on the stock.

Ashoka Buildcon Technical Weekly Chart 08-Oct-2021

2. CHENNAI PETROCHEMICALS CORPORATION LTD.

Petroleum stock

Chennai Petroleum Corporation Ltd was formed as a joint venture between the Government of India (GOI), AMOCO (the Largest Natural Gas Producer in North America) and National Iranian Oil Company (NIOC).

CPCL stands tall among the public-sector refining companies in India, with one of the most complex refineries of its kind in the country, producing an array of value-added petroleum products. It also pioneered key initiatives in several areas such as process optimization, technology absorption, energy conservation, waste land reclamation and environment management.

• The main products of the company are LPG, Motor Spirit, Aviation Turbine Fuel, High Speed Diesel, Naphtha, Hexane, Bitumen, Paraffin Wax, Fuel Oil and Petrochemical Feed Stocks.

• Trade Volume has been increasing since Jun-2021 indicates buyers are bullish on this stock.

• Promotors holding stands at around 67% - indicates company is dependable.

• Other shareholders like Public, Banks, Insurance Companies, UTI, MF, IEPF and NRI’s hold 33% of the stock.

Chennai Petrochemicals Corporation Ltd.
Weekly Technical Chart 08-Oct-2021

Readers are also invited to read our recent blogs:

> Mega Textile Parks - Stocks to watch - RSWM and ORBTEXP posted on 7-Oct-2021

> Coal is next Gold posted on 25-Sep-2021

If you like this analysis, please do share it with your peers, so that others will also be benefited out of this analysis. 

***

Facebook Google Twitter More

• Pinterest
• Linkedin
• Tumblr

October 09, 2021

Subscribe by Email

Follow Updates Articles from This Blog via Email