PTL Enterprises Ltd....
Engaged in the tyres manufacturing facility of PTL at Kalamassery, Kerala.
Its an associate company of Apollo Tyres Ltd
Recent Announcement from Kerala Govt, for aids.
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Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.40 times its book value
Stock is providing a good dividend yield of 10.68%.
Company has delivered good profit growth of 23.30% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 20.53%
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On Daily Charts, observed trading in channel, with attempt for BO
Now good volumes coming.
One can enter at CMP also (30% buying now, rest after BO )
Keep SL of ~40 to ~30 for Short term to Medium Term.
Soon Targets of 50/60/90+++ can be seen
Also its a Multibagger Stock Type ...
Can gold for long positional .....
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STRICT SL TO BE MAINTAINED IN EVERY TRADE
Engaged in the tyres manufacturing facility of PTL at Kalamassery, Kerala.
Its an associate company of Apollo Tyres Ltd
Recent Announcement from Kerala Govt, for aids.
------------------------
Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.40 times its book value
Stock is providing a good dividend yield of 10.68%.
Company has delivered good profit growth of 23.30% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 20.53%
----------------------------
On Daily Charts, observed trading in channel, with attempt for BO
Now good volumes coming.
One can enter at CMP also (30% buying now, rest after BO )
Keep SL of ~40 to ~30 for Short term to Medium Term.
Soon Targets of 50/60/90+++ can be seen
Also its a Multibagger Stock Type ...
Can gold for long positional .....
----------------------------------
STRICT SL TO BE MAINTAINED IN EVERY TRADE