Amol Takawales's Stock Idea
Amol Takawales is Bullish on Jain Irrigation Systems Ltd.
Idea Submitted on 28Apr,2020
  • 15 Total Ideas
  • 1 Active Ideas
  • 14 Closed Ideas
  • 0 Friends
  • 2 Followers
  • Avg. Returns
     10.01%
    Rank
    17
    Success Rate
      40%
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      Idea Status :  Closed
    Closed By User
    Idea Closed at 6.68(28Apr,20 02:48:pm)
     Time Frame
    2months
     Start Price
    6.87
     Target Price
    13
     Stop Loss
    6
     Projected Gain
    6.13 (89.23% Upside)
     Returns Achieved
    -0.19     -2.77%
     Analysis
    Rain season is over now in October 2019 and now all farmers are ready to buy equipment with fresh loan from co operative banks and their old loans first government going to waive off, which we all are waiting from so long in maharashtra, government declared it will complete the lone waiver first part before march 2020 as shown on tv and many news sites. Stock corrected too much from 150 without any bounceback When prince pipe which only deals in pipe can get sold for 177 why not this so much diversified company can not ask 50 rs price. Only receivables are stucked and debt is a temperory concern, not going to nclt, group is too much diversified and has precence in nearly 22 countries. My first target is 30 second 50.Current Maharashtra government declared 2 lakh loan waiver and disbursal started. My hon. Shardchandraji pawar saheb visited our site and our dues from government very soon gets cleared.
     C.M.P Jain Irrigation Sys
    19.05
    Sentimeter
    Buy Calls: 17 Sell Calls: 4
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