GMM Pfaudler : BLOCK DEAL ALERT

Axis Capital sole broker

Floor Price INR 1700/share upto 11.67% discount at floor

Deal to sell 1.34 cr shares (29.88% equity)

PE Seller classified as promoter, takes promoter holding down to 26.18% from 56.06%

Sources - CNBC

Now can get this near strong support @ 1700

GMM PFAUDLER

On Friday

DAYS LOW - 1576

Closed @ 1644

All Dips are Great Buying Opportunity just need patience

Buy Good companies when Street gives opportunity

Capex coming in jyoti Resin

Ethanol for blending with petrol, GST reduced from 18% to 5%

Sugar stocks which are in ethanol In Focus

On Radar

NELCAST

Cmp - 104

Good To Add on Dips around 100 - 95 zone.Good Risk Reward

Support@ 94

Test Levels
Medium Term - 125/135/145+
Longterm - 200/225/300+

S/L - 84.80 on cbsl or As per Risk

Stylam Inds

Aft hitting ATH of 1269

Now available @ 1099

Strong support@ 1070 - 1060

Add at cmp & on dips till 1060

Good Risk Reward

Test Levels
Longterm- 2000/2400/3000


S/L - 1039 on cbsl or As per Risk

101.70

Nelcast

Coming in Accmulation zone

Today only available at support zone

Now at Days Low @ 96.95

Time to buy those waiting

There can be some bounce as many stocks Have Gone down on low volumes

Markets at oversold zone & Even many stocks at oversold levels

If 17824 is not violated than possible we can see 3% To 5% Bounce in nifty and also many stocks can go up

But there can be more Pain Ahead & Than we can make bottom

Nifty Todays Low - 17857

Support @ 17824

Keep 👀 for Bounce

PRAJ INDS

MOVING IN BROAD RANGE OF 300 TO 461

Cmp - 333 ( Days Low)

Strong Support @ 275 - 290 zone

Last time Reversed from 302 Zone

Should do well in next few Qtrs

17824 Broken

Let's wait for closing

Not Good for Bulls

Next Key support @ 17400 ,where also 200EMA is there

AWL

CMP - 498

Almost 10% Down

Almost 43% Down From ATH Of 868

Anything close To sub 400 - 440 zone is great buying opportunity

470 - 440 - 410 - 400 should add in SIP on dips if one have 12 to 24 months view


S/L - As per Risk

When ever market corrects huge in short span of time then never ever buy on the first 1 or 2 bounces.

This can be just a bounce from oversold zone

Let markets settle Down

17800 was protected on closing basis

But for Sustained Rally we need to close above 18250 zone

Keep close watch

Jyoti Resins
Saurabh Mukharjeel
Ashish Somaya
Investor & Analyst meet

Mamaearth DHRP filed

Fresh issue 400 crs

OFS - 2000 crs approx.

FY22 Revenue - 943 crs

FY22 PAT - 14 crs

At start of 2022, valued at $1.2 billion. At listing expected to be valued at $3bn. What changed in 12 months for 3x jump in valuation.?


Promoters selling, angels selling, early investor selling, late investor selling, brand ambassdor selling

They want all of this to be dumped to retail.!

Assuming a revenue of 1400 crs in FY23, a P/S of 17x

Retailers please be cautious ⚠️

Lesson from past Car2trade,Paytm,Nykka

Study and than invest


Disc - All views are personal and only for educational and study purpose. Consult your financial advisor before investing or taking any position based on above article.