Daawat is setup for long term
Both Technical and Fundamentals of Daawat(LT Foods) are strong.
Technical - More room for stock price appreciation for 2 reason
1. LT Foods trading around 8 P/E & 1.20 BV against KRBL's 12.50 P/E & Book value of 2.25
2. Result of LT foods for past 2 quarter were good compared to KRBL. Hence P/E and B/V of LT Foods should appreciate.
Fundamental
Atleast for next 2 quarter LT Foods will post similar results as company tied up with Saudi government for provision of Rice. Saudi company has also invested in one of the arm of LT Foods.
Technical - More room for stock price appreciation for 2 reason
1. LT Foods trading around 8 P/E & 1.20 BV against KRBL's 12.50 P/E & Book value of 2.25
2. Result of LT foods for past 2 quarter were good compared to KRBL. Hence P/E and B/V of LT Foods should appreciate.
Fundamental
Atleast for next 2 quarter LT Foods will post similar results as company tied up with Saudi government for provision of Rice. Saudi company has also invested in one of the arm of LT Foods.
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