Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Fundamental Pick : Pidilite Industries

25 sec read


 

Stock : Pidilite Industries
CMP : Rs 142
Target : Rs 175
Time Frame : 4-5 months
Returns : more than 20%
 
Pidilite is the leader in all its major product categories viz., construction adhesives,art material
products, industrial pigments/resins. The company is taking the inorganic  route to aggressively
grow its presence in the international markets which presently accounts for 8% of the revenues.
 
 
The Buy call is Simply Based on the ROE. Return on Equity which is simply more than 20% every
Year for this Stock. Technically speaking the stock popped out just above the investors buying range
and also above 20 day EMA.
 
Gain is Slow and Steady. Fundamental players can stick to it!!
 
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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