Last closing price at around 700
Strong uptrending share, right now at bottom of channel as can be seen on chart.
Strong uptrending share, right now at bottom of channel as can be seen on chart.
It's on good support even for Positional traders and can be bought at CMP with SL just below 100 MA of 679 and target of new 52 week high.
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It's a good pick also for investors. Following are few trigger points for investors to keep Navin Fluorine in their portfolio
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1) See the Debt reduction pattern. It's on continuous declining trend suggesting companies strong growth path.
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2) Sudden jump in Fixed Assets figures indicating some investment on company for expansion
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3) Even Cash flow suggests companies investment in FY2017 and it also indicates strong growth in cash flow from operations. Generally such growth happens when payment cycle or income realization time reduces. For your information, first line a over suggests cash flow from operations, i.e. Their main business or say by selling products. Second line indicates cash flow from investing. It's showing - 159.29 Crores indicating companies investment. Negative sign indicates outflow of cash.
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Also, If we see the trend in Ratios, all are on increasing trend. Check following ratios for your references. Trend in ROE, ROA, ROCE and interest cover. And you will observe how this company is fairing well in all parameters. About this ratios, we will cover separately about the importance of it. I am not giving this ratios here to spoon feed readers. Most of the screenshots are presented here. For remaining, terms are mentioned, investors just needs to take efforts to check those trends by either manually calculating or any websites giving readymade data.
Remember, Learn to Fish yourself. That's the key to be successful investor
Happy Investing 💸💸💸💸💸💸💸
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