BSE listed: Name : Valiant Organics Ltd. Code: 540145
Trading idea: Long suggested above 1185 Stop at 935 Lots 40 (for a capital of Rs 1 lac and a risk appetite of 10%).
Technical rationale: Stock has corrected 22% from 52wks high with low volumes and has been in a consolidation phase for the last few days, effectively scaling up by 10%. Stock possibly finding support at R4 Cam pivot.
Fundamental rationale: ROCE 47% ROE 30% D/E nil Promoter holding 46% YoY d_CFO 100% YoY d_NP 41% YoY d_Sales 64% (all as on Mar 2018 ; Quarterly fig not available).
Risk: Low volume stock. Only BSE traded. Highly susceptible to downward freeze in case of broader market correction.
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