C&H Pattern in Making: Yrly Basis C&H / 5 Yr Price Trendline BreakOut: 18% Upside Needed / Sustained. Weakness in Vol. / BuiltUp & BreakOut Needed
*With Upside, Trail SL* *Book Profit as per Risk Appetite*
*Snapshot* Estab. in ’86, Engaged in Mfg. / Exporting Gold / Diamond jewelry to global retailers. 95% Sales: USA. Rest: UK, Russia, Dubai, China, HK, Australia. Sales Breakup - 80%/20%: Retailers/Wholesalers. Fully backward integrated. Holds patent for the laboratory-manufacturing process of diamonds. Getting into E-Com. Sales
Declining Sales: Qtrly Basis. Sales / Profitability: Growing on Yrl Basis. Growing TNW / Nil Debt CF from Ops +ve till FY21. -ve In FY22. Sharply Improving RoA/ RoE/RoCE. Moving into higher Double Digits. H1-FY23: Order Book at Rs.150 Crs. C&CE at Rs.174 Crs.
*Concern:* Dependence on US Market.
*Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)