*Jay Shree Tea & Industries Ltd* Cup & Handle Pattern in Making: Monthly Basis Asc. Triangle Pattern: Monthly Basis: Price BreakOut to Be Watched Once Multi Year Trendline Broken: Huge Upside Possible. Vol. BreakOut/Consolidation. Further BuiltUp to be Watched. Once happen, Good to Go!
*With Increase in Price, Trail Stop Loss* *Book Profit as per Your Risk Appetite*
*Fundamentally Sound Company* Part of BK Birla Group, 3rd largest tea producer in world: 27 Tea Estates (India). Also owns tea estates East Africa. Also operates Chemicals, Fertilizers & Sugar space (crushing capacity of 5,000 TCD, in May'19, commenced a distillery with an ethanol production: 56 KLPD). Has own Tea processing / Tea Packaging / Warehousing facilities. Has power plant: 6MW: Captive use.
Sharp Improvement in RoA/RoE/RoCE / Cash Flow in FY21. Topline Up since Jun'21. PAT +ve since Sep'21. Sharp improvement WC Cycle. FIIs Stake Up since Sep'21. Promoter/DIIs Stake constant.
*Concern:* Major Input cost (Wages) rose sharply. Stagnation in Tea Prices. Lag in global demand.
*Do Your Own Research as Well. This is Just an Opinion.* Your Opinion may Differ and is Respected. Happy Investing :)
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