Here is the next in series for the "Great Buys" series on Finquity+ we have three companies that have already given strong upward breakouts, NCC Ltd., SML Isuzu, and GMM Pfaudlr.
Nagarjuna Construction Company Ltd.
NCC Ltd was founded in 1978 as a partnership firm by Padma Sri Awardee Dr. AVS Raju (Founder and Chairman Emeritus). NCC became a limited company in 1990 and was listed on the National Stock Exchange in 1992. The Company today stands number two among listed construction companies in India with an annual turnover of Rs. 12,896 crores (FY 18-19). The Company has a well-diversified business portfolio with a foothold in every segment of the construction sector with the following Business Verticals: Buildings & Housings / Roads / Electrical / Water & Environment / Irrigation / Railways / Power / Metals / Mining.
Weekly Chart
The weekly chart of NCC Ltd shows that Rs 29.10 was the resistance and it has witnessed a perfect breakout (CMP - Rs. 31.05) with heavy volumes and a full green body candle.
Our targets for the same stocks are as high as Rs 38-45 in the upcoming days.
Fundamentally as well the company has enough strength. It is reducing its debt massively. Moreover, in May 2020, the company secured four new orders from agencies of State Governments.
Among these orders, two relate to the water division while the other two relate to the building division. The total worth of the orders is Rs 1,136 crore, of which orders in water division are worth Rs 993 crore and building division are worth Rs 143 crore. As on March 31, 2020, NCC's order book stood at Rs 25,010 crore.
SML Isuzu
SML Isuzu Limited (SMLI) is a commercial vehicle manufacturer established in 1983. SMLI produces and sells buses, ambulances, and customized vehicles. Sumitomo Corporation and Isuzu Motors hold a 44% and 15% stake of the company respectively.
The company manufactures light commercial vehicles like trucks, buses, ambulances, police personnel carriers, water tankers, and special vehicles. It exports its products to countries like Nepal, Zambia, Bangladesh, Kenya, Tanzania, Ghana, Ivory Coast, Rwanda, Seychelles, Syria, Jordan.
Daily chart
According to the SML Isuzu daily chart, Rs 408 is the resistance level which was perfectly breached (CMP Rs - 418.80) with higher volumes and a full green body candle. This resulted in high future targets of Rs 450-490 in the upcoming days. It is a positional call and we can take a Stop Loss of Rs396
And yes its a positional call and we can take 396 SL
GMM Pfaudlr
GMM Pfaudler Limited is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.
Daily Chart
The daily chart of GMM Pfaudlr shows a support price of Rs 3400 and a resistance of Rs 4000. The stock currently valued at Rs 4260 breaking the resistance levels of Rs 4000. The stock can be bought between 4000 and 4300 in a staggered manner for long-term purposes. The stock can be bought even if it breaches Rs 4300, however giving such a breakout in the short-term is difficult.
It should be noted that it is a small-cap company and hence a bit risky. Moreover, we may see a split in shares in the near future.
Stay tuned for more such insights
Here is the Google Drive Link for the charts. Click here!
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