GHCL( Booming Soda Ash+Home Textile Combo): Technical
Positional Buy GHCL cmp 283 Resistance Zone 280/290 Above that Target ~ 312/360. Stop Loss~258 cl basis
FUNDAMENTALS~ 2nd biggest mfr of Soda Ash. Home Textile exports to USA. Stock trading at 6.4xFY22EEPS. Strong conviction investment Idea. TP Rs 450+
TP subject to mkt conditions. Personal due diligence advised
Positional Buy GHCL cmp 283 Resistance Zone 280/290 Above that Target ~ 312/360. Stop Loss~258 cl basis
FUNDAMENTALS~ 2nd biggest mfr of Soda Ash. Home Textile exports to USA. Stock trading at 6.4xFY22EEPS. Strong conviction investment Idea. TP Rs 450+
TP subject to mkt conditions. Personal due diligence advised
DO READ:
🎯PNB earnings were extremely poor with a Core loss of 1900 cr
▪️High trading gains of ~1000 cr and recovery of 3020 cr from Bhushan Power were the key earnings drivers.
▪️Recovery from Bhushan has been netted off against provisions.
▪️Excluding trading gains, Bhushan recovery and Interest reversal, the bank has made a loss of 1900 cr at the pre-tax level.
➡️Yes, PNB has reported a Core loss of 1900 cr for Q4FY21
🎯PNB earnings were extremely poor with a Core loss of 1900 cr
▪️High trading gains of ~1000 cr and recovery of 3020 cr from Bhushan Power were the key earnings drivers.
▪️Recovery from Bhushan has been netted off against provisions.
▪️Excluding trading gains, Bhushan recovery and Interest reversal, the bank has made a loss of 1900 cr at the pre-tax level.
➡️Yes, PNB has reported a Core loss of 1900 cr for Q4FY21
🎯Burmans a step closer to becoming Promoter. Religare allots 16627077 shares in name of Milky Investments and VIC Enterprises ( Dabur group companies).
TP➡️250/300.
Care Health valuation 15000 Cr. High profile investors participating in Fund raising. After debt restructuring is formally approved and put in place, Mohit Burman ( already major shareholder) can assume Promoter mantle
https://m.economictimes.com/markets/expert-view/we-are-gearing-up-for-religare-2-0-rashmi-saluja/articleshow/83235164.cms
TP➡️250/300.
Care Health valuation 15000 Cr. High profile investors participating in Fund raising. After debt restructuring is formally approved and put in place, Mohit Burman ( already major shareholder) can assume Promoter mantle
https://m.economictimes.com/markets/expert-view/we-are-gearing-up-for-religare-2-0-rashmi-saluja/articleshow/83235164.cms
The Economic Times
We are gearing up for Religare 2.0: Rashmi Saluja
“We are positive that the Religare restructuring process will go through .”