HATSUN AGRO - FMCG diversification Idea
Here are a few interesting things about chart and company:
1) It took 3 years for this chart to reclaim the 2017 high, and then stock rallied up to 2x and more from the previous high
2) On a monthly closing basis, it fell around 50% after 2017 before making a new high. If we consider all prices, then 60%
Now, post September 21 (Stock price - 1400-1500), the stock has shown a maximum fall of 47% (43% closing) and recovered. Meanwhile, the institutional holdings have been going up. The number of total shareholders of this company is 25,000 (Screener.in), which indicates there's no sign of overownership in this idea.
Considering the agriculture sector and possibly the populist budget of the upcoming coalition government, this stock might rally quickly and have the potential to give high returns in the short term.
However, valuations are not cheap, so one has to consider investing in a staggered (3-5 phases) way and with a horizon of 6-18 months.
1) It took 3 years for this chart to reclaim the 2017 high, and then stock rallied up to 2x and more from the previous high
2) On a monthly closing basis, it fell around 50% after 2017 before making a new high. If we consider all prices, then 60%
Now, post September 21 (Stock price - 1400-1500), the stock has shown a maximum fall of 47% (43% closing) and recovered. Meanwhile, the institutional holdings have been going up. The number of total shareholders of this company is 25,000 (Screener.in), which indicates there's no sign of overownership in this idea.
Considering the agriculture sector and possibly the populist budget of the upcoming coalition government, this stock might rally quickly and have the potential to give high returns in the short term.
However, valuations are not cheap, so one has to consider investing in a staggered (3-5 phases) way and with a horizon of 6-18 months.
Comentário
trail SL to 1100Comentário
trail SL to 1160, till now approx 27% returnAviso legal
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