Maithan Alloys Breakout
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Either sell on initial stop loss hit or when closes below weekly supertrend
After a Quarterly Sales and Profit growth of 107% and 441% and TTM Sales and Profit growth of 74% and 215%,
MAITHANALL has given a breakout with high volumes after a long consolidation since Aug'21. It's a buy with a stoploss at Rs.1138.
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Either sell on initial stop loss hit or when closes below weekly supertrend
After a Quarterly Sales and Profit growth of 107% and 441% and TTM Sales and Profit growth of 74% and 215%,
MAITHANALL has given a breakout with high volumes after a long consolidation since Aug'21. It's a buy with a stoploss at Rs.1138.ملاحظة
Other Fundamentals: -1. Promoter Holding at 75% (greater than 45% is good)
2. Dividend Yield at 0.48% (consistent dividend payer)
3. Debt to equity at 0.01 (less than 1 is good), Interest Coverage at 575 (greater
than 3 is good), Current ratio at 6.50% (greater than 1.5 is good), FCF to CFO at 79%
(company won’t have to raise debt for expansion)
4. Average ROE for last 3,5 and 10years more than 15%
5. Borrowings came down from 49cr to 9cr in Sep'21
6. FII stake increased from 0.32% in Jun'21 to 1.02% in Dec'21
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