KNR CONSTRUCTION LTD
SECTOR: CONTRUCTION--INFRASTRUCTURE.
TTM/EPS;-Rs.27.64 (+69.72%yoy)
TTM/PE:-14.82 /SECTOR PE:-45.52
BOOK VALUE:-Rs.126.38
PRICE TO BOOK VALUE:-3.25
DIVIDEND YIELD:-0.06%
FACE VALUE: - Rs.2/
EQUITY: - 56.25cr.
SHARE HOLDING PATTERN:- PROMOTER—48.80% ---FII---8.20%----DII---30.80%
& PUBLIC---12.30%.
All-Time High: --407 made on 6.6.2024.
All-Time Low: --2.90 made in 2009.
NEW ALL-TIME HIGH;--413.50 made on 30.7.2024
Recent Low: - 226.30 made on 9.6.2023.
Open-392--High-413.50--Low-388.20—Close-409.60 on 30.7.2024
Support:407/395.80/392.20/386.95/381.75/365.10/357.30/350.05/343.90/339.50/332.90.
Resistance: 427/435/453/475/527/571/610/647/700/740/800.
(Bold and underlined figures are most important)
Technically it is
strongly placed and in the new territory, therefore likely to continue the up
move. It has given upside breakout today from its previous all time high of 407 and hit a new all-time high of 413.50 and closed above the previous
high of 407 which is a very positive
sign for the continuation of the up move if it holds the range of 407---392.20. In case of down move the
worst price for the stock could be in the range of 343.90---332.90, but if it has the strength it should not break the
range of 407---392.20 on the closing
basis. Please note that if it sustains above 407 on the closing basis then the upside target could be 427---435---453---475---527---571---610---647---700—740---800.
In view of the above
observation, it is suggested that investors can accumulate the stock now and on
decline near of within the range of 407---392.20
with a stop loss of 363 and then buy
near or within the range of 344---333
with a strict stop loss of 320. The
stock has the potential to give 40---60%
or more return in 6-9 months time
from here.
IMPORTANT: DO NOT TRADE OR INVEST WITHOUT STOP LOSS.
NOTE: - It is a technical assessment of the stock as of now, the
technical interpretation changes with the price movement and time, therefore it
has to be reviewed at regular intervals, furthermore investors are advised to look into
fundamental, financial details of the company because that too keeps on
changing and last but not the least management perception for the future of the
company before taking investment decision.
Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.
Kindly note that make your cost your stop loss
in favorable trade and then trail it as the price move up/down
to gain maximum profit and avoid losses. Use support and resistance levels as
entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT
STOP LOSS.
Note: Price stated
here are of spot market.
Contact me for strategic guidance to enter and
exit trade.
Thanks
Narendra Kumar Surana
Mobile—8240951127/9831313654.
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