KR Choksey's Stock Idea
KR Choksey is Bullish on Sterlite Technologies Ltd.
Idea Submitted on 18Jan,2018
  • 20 Total Ideas
  • 1 Active Ideas
  • 19 Closed Ideas
  • 0 Friends
  • 8 Followers
  • Avg. Returns
     5.02%
    Rank
    7
    Success Rate
      55%
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      Idea Status :  Closed
    Stop Loss Triggered
    Idea Closed at 340 (05Feb,18 09:17:am)
     Time Frame
    1year
     Start Price
    381
     Target Price
    439
     Stop Loss
    342.9
     Projected Gain
    58 (15.22% Upside)
     Returns Achieved
    -41     -10.76%
     Analysis
    Going ahead, we expect 5G network rollout, increase in IoT devices and autonomous cars would be the major driver for increase in global demand for OF. Considering the facts, the significant increase in SOTL’s volume support by global demand, strong execution in operations resulted in improved profitability, and the company’s aggressive attempt to increase fiber capacity, strongly suggest that it has been successful in carrying out operations effectively and it is expected to meet its guidance for FY20. We have a BUY rating on the stock with a target price of INR 439 based on 30x FY20E EPS of 14.3. View Research Report (Time period & Stop Loss Auto Inserted)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Sterlite Technologie
    222
    Sentimeter
    Buy Calls: 5 Sell Calls: 0
    0
    0
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