Strong numbers from Sanwaria Consumer. Stock to retest fresh 52 week highs.
Earlier call on Sanwaria:
Results update: Sanwaria Agro. Marginal increase in Revenue. Decent Margins.
Stock has quoted Quarterly EPS of .34.
At 20x Annualized EPS, Fair value will stay lower at 27.
At 25x Annualized EPS, Target Price is 34.
Dip towards 22-23 can be bought into. Rally towards 36-40 can be sold into.
Target 34 was hit and remained its highs.
Stock has quoted a strong number with EPS of .48 for the quarter.
at 20x Annualized EPS, Target Price is 38. SL 18.5; Valid for 3 months. If your holding price is less than 15, you can continue holding the stock for a year.
Stock has dipped to 15 during the market correction. Being a low margin business and a small cap, we expected the stock to be volatile.
We recommend investors not to allocate more than 5% of your portfolio in the stock.
Earlier call reference:
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