Lincoln pharma on radar

Getting Ready for very big move in coming Days/Months/Years

PRINCE PIPES

CMP - 749.40

MARKET CAP - 8245cr

Book Value - 95

Fy21 EPS - 21

FY22 Expected EPS - 30

Support @ 705/680

Add at cmp & On Dips

Once closed above 765 can see Good Upmove

Company manufactures CPVC & UPVC pipes & fittings for industrial & domestic applications and is good proxy To Real estate

Strong ROE of 23.8% & ROCE of 28.8%

Test Levels # 810/888/940/1000/1200++

TF - 1/2/3/6 months

Longterm this can be big wealthcreator

S/L - 659 on cbsl or As per Risk

India might face electricity shortage due to coal shortage.

🔋 Power demand is hovering around 170-180 GW and expected to cross 200 GW.

Renewables Energy to get a boost in coming Days

No one wanted To touch chemicals & Speciality chemicals in 2015 - 2017

From 2014-2017 Available at single digit P/E multiple

In 2021:- chemical Stocks are available upwards of P/E multiple of 50 to 60++

Valuation expansion was a big source of RETURN for many companies.

Valuations will stop expanding at some point.

NEXT SEXTOR IS RENEWABLE ENERGY & EV SPACE ( BIG MONEY CAN BE MADE THERE)

Technical picks

XCHANGING SOLUTIONS

CMP - 125.35

Last few Days Moving in 95 To 125 zone only

Once closed above 128 - 130 zone we can see clean upmove

Test Levels # 141/155/170/190++

Upside - upto 50%

TF - 1/2/3/6 months

S/L - 107.40 on WCB or As per Risk

1 chemical stock which we feel has long way To Go

DHARAMSI MORARJI CHEMICALS

Cmp - 392

Support @ 348/330

Try To add more near support zone

Can be 2x/3x/5x in longterm

S/L - 305 on cbsl or As per Risk

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In September'21
Lincoln pharms said that it is planning to launch Cephalosporin products soon.
The company has acquired a facility in Gujarat. Investment in capacity expansion & modernization of the facility. Acquisition & further CAPEX will be funded from internal accruals

During Q1 & Q2, promoter group of Lincoln Pharma increased holding in the company continuously, FII have also increased their Shareholding in Q2

Mahendra Patel MD, said, "We are confident to improve our growing no. of revenue, margins & profitability in FY22. Our strategic growth initiatives, product, and geographical expansion, operational efficiency and Debt-free status are likely to maximize value for all stakeholders

The company plans to introduce 6 to 7 new products in the domestic markets and expects 20 -25 new dossiers approval for the exports market. Exports to the EU Markets are likely to commence from Q4FY22.

Company is currently trading at PE near 10.5 on FY22 and PB of 2.17

🇮🇳 INDIA MART

Cmp - 8800

Getting Ready for New 52wk high 🔜

Tcs Results effect on I.T STOCKS

OPPORTUNITY TO ADD WHERE WE FEEL NUMBERS WLD BE GOOD

TECH MAHINDRA
LOW - 1386
Support@ 1350/1300

MINDTREE
LOW - 4176
SUPPORT@ 4000/3890

LTI
LOW - 5610
support@ 5400/5300

LTTS
Low - 4490
support @4400/4320

Wipro
Low - 635
Support @ 610/590


S/L - 2% Below support

BSOFT

On Radar

Opportunity to add

COMING IN F&O FROM NOVEMBER SERIES

LOW - 423.60

Support @ 420/405

Need to close above 450 for next leg of Rally