SOM DISTILLERIES & BREWERIES LTD
TTM/EPS;-Rs.4.79 (+36.73%yoy)
TTM/PE:-26.06 /SECTOR PE:-85.94
BOOK VALUE:-Rs.28.82
PRICE TO BOOK VALUE:-4.34
DIVIDEND YIELD:-0%
FACE VALUE: - Rs.2/
EQUITY: - 39cr.
SHARE HOLDING PATTERN: - PROMOTER—35% ---FII---.60%----DII---0.50%
& PUBLIC---63.50%.
All-Time High: --156 made on 5.10.2023.
All-Time Low: --8.98 made in 2020.
Recent Low: - 86.46 made on 13.3.2024.
Open---119.70,High---122.60,Low—117.61,Close-119.77 on 13.9.2024.
Support: 117.55/116.38/114.20/113.76/112.20/109.05/107/105/104.20.
Resistance:119.90/123.60/125.06/130.90/133/139.50/144.80/146/148.90/156.
(Bold and underlined figures are most important)
It has shaped up really well in last few days and may be getting ready for a big up move in coming days, provided it holds the range of 117.55---113.76 on the closing basis, but if it has strength it should not close below 114.75 and moving down the worst price for the stock could be in the range of 106----104, sustained break below 104 could drag it down lower, chances of which looks very bleak at this point of time. Moving up from here the broad resistance points could be at 126.55---129.45---131.85---138.35---139.95---142.10---156, please note that close above each resistance points will strengthen the up move and if it moves above 142.10 and sustain on the closing basis then it could retest its all-time high of 156 or may go beyond it and then the upside target could be 174.90---177--182.60---190.80----199---208.15----221---225.55----268.50---294---381.
In view of the above observation, it is suggested that investors
can accumulate the stock now and on the decline at appropriate points but not
below 113.76 with a strict stop loss
of 102. The stock has the potential
to double or more in 15-18 months time
frame.
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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