With quarterly sales increasing by 24% and quarter profit increasing by 64%, 
ORIENTBELL posted good set of numbers and the share broke out of a 6 month old trading zone. It came down to its support at Rs. 421 and now bouncing back. It's a good buy at this level with a stop loss around Rs. 420. Either sell below the stop loss or when the share closes below daily supertrend.
ORIENTBELL posted good set of numbers and the share broke out of a 6 month old trading zone. It came down to its support at Rs. 421 and now bouncing back. It's a good buy at this level with a stop loss around Rs. 420. Either sell below the stop loss or when the share closes below daily supertrend.ノート
Other Fundamentals: -1. Debt to equity 0.08 (borrowings came down from 101cr to 21cr since Mar'19)
2. Interest coverage above 7
3. Generating free cash flow (FCF to CFO at 67%)
4. TTM margins, sales and profit showing tremendous growth
5. Cash Conversion Cycle came down to 15 from 96 since Mar'19
6. Promoter stake increased from 59% to 64% since Mar'19
ノート
Going from strength to strengthノート
Getting stronger day by day. Soon supertrend will cross the initial stop loss level of Rs.421.ノート
One green day and Orient Bell is showing how powerful a share it is. Power of Big Volume Breakout + Great Results + Great Fundamentals + Good Future Prospects. Congratulations to those who have been able to hold their nerve (by not selling this) amid these volatile periods.ノート
What a move by Orient Bell once again!!! This is how patience pays in the stock markets.
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