1. Nahar Industrial Enterprises Ltd is a 10 rupee face value diversified (textile and sugar) company.
Security ID: NAHARINDUS Group / Index: B / S&P BSE SmallCap Face value: 10.00 Security Code: 519136 ISIN: INE289A01011 Industry: Textiles and Sugar.
Brief Details of Company:- Nahar Industrial Enterprises Limited (NIEL) was incorporated on 27th September 1983. NIEL is a vertically-integrated textile manufacturer, with operations ranging from spinning, weaving & processing and also having sugar unit with 2500 TCD per day. NIEL is the evolution of amalgamation of different group companies with it. NIEL's strategic objective is to capitalize on the growth opportunities that it believes are available in the domestic and global textile industry. At the same time, the company recognizes the competitive nature of the industry, especially with pressure from Asia, and that to maintain growth it must continue to improve the production process and reduce costs.
Management
The Board of Directors of the Company comprises experienced industrialists businessmen, financial experts, and professionals. The Board has the support of Technocrats, qualified Engineers, Chartered Accountants, Business Management experts and other experienced personnel, employed by the company to look after production, marketing, and finance, etc.
Source:-http://www.owmnahar.com/nahar_ie/about.php (company website)
Source:-http://www.owmnahar.com/nahar_ie/about.php (company website)
2. Year high of Nahar Industrial Enterprises Ltd is 149.70 year low was 88.00 and stock traded at 111.60, Year high/ low ratio is below 2.
If you read my research terms or my book then you may know that generally, I like a stock which year high/low ratio is below 2.
But if stock recently gives a positive resulet then this ratio is acceptable until 2.5.
If you are new reader of my blog and not familiar with my research terms, then please see my research terms at this link
3. Promoters of Nahar Industrial Enterprises Ltd hold 68.59%. Promoters holding is good, and promoters are not pledged any stock. If you check Insider trading in Nahar industries, then you find promoters buy their own stocks on 1 Dec 2017, 14 Dec 2017, and 4 Jan 2018 from the open market It means promoters are also bullish about their own company.
See this picture:-
or watch this video to knew how to check insider trading:-
See FII or DII Holding Here:-
4.Nahar Industrial Enterprises Ltd is also a dividend paying stock, I will like to buy dividend-paying stocks here is the past dividend history:-
| EX Date | Purpose |
| 07/09/2017 | Dividend 1.00 |
| 15/09/2016 | Dividend 1.00 |
| 18/09/2014 | Dividend 1.00 |
| 19/09/2013 | Dividend 1.00 |
| 08/09/2011 | Dividend 1.00 |
5. The base price of Nahar Industrial Enterprises Ltd is 83.83 So Stock just crossed it's base price from downside to the upper side.
As per my research rules, this is a good sign.
Currently stock traded 20%+ from the base price this is the negative point for valuation because as per my rule 20% plus to 20% minus from base price is a best buying range for any stock.
But due to other strong fundamental and recent breakout, I choose this stock for my recommendation.
6. No any bonus issue right issue and bulk deals are recorded in last 2 years..
7. Nahar Industrial Enterprises Ltd net sale per share of FY 16-17 is 434.70.
8. Net sale per share 434.70, So I think this stock is a best fundamental stock but due to it base price 83.83 I published this stock under sharegenius blog instead of my homepage www.maheshkaushik.com where I publish fundamental stocks which fulfill all of my criteria. (Here range from base price not fulfill.)
9. The book value of Nahar Industrial Enterprises Ltd is 174.93 Book value is also High from CMP So this stock is a value buy in both book value term and net sale per share term.
8. Finally, I choose Nahar Industrial Ent. as my trading stock for 20%+ gain.
9. 200 DMA of Nahar Industrial Enterprises Ltd is 110.97 So at CMP 111.60 Stock also traded above his 30 50 150 and 200 DMA, so I think technically stock gives a breakout and able to give us 20%+ return.:-
Simple Moving Averages
| DAYS | BSE | NSE |
| 30 | 102.15 | 102.12 |
| 50 | 102.65 | 102.64 |
| 150 | 104.84 | 104.81 |
| 200 | 110.97 | 110.89 |
10. Fundamental target price of Nahar Industries is 184.245 (New Followers please read my books and watch my videos to knew how I calculate fundamental target price)
10. My Recent Update:- Data Bank Of Indian Stocks
Good News:- Prabhat Prakashan update me that Hindi version of my books "The Winning Theory In Stock Market", and "How Chandu Earned And Chinki Lost In The Stock Market" will available in this month.
And Prabhat Prakashan also takes responsibility to translate and publish English version my Hindi book "Kese Pahuncha Abdul..." Read more details of my book here:- My Books
11. Disclaimer:- This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog.
12.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered with SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not held any share of Nahar Industrial Enterprises Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Nahar Industrial Enterprises Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(Nahar Industrial Enterprises Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Nahar Industrial Enterprises Ltd). 6. I have been not engaged in market making activity for the subject company (Nahar Industrial Enterprises Ltd).
You have many strategies posted. They are reflection of your objective approach to stock selection. Out of all the strategies, which one is the most successful to your experience ?
ReplyDeleteIn different market conditions different strategies will work so it is recommended to use most om them or atleast 3 to 4 strategies
DeleteYou have made excellent effort of making methodical approach to stock selection. Out of the many methods you have suggested, which one gives best results ?
ReplyDelete