Vikram Rao's Stock Idea
Vikram Rao is Bullish on Swaraj Engines Ltd.
Idea Submitted on 08Jun,2021
  • 3 Total Ideas
  • 1 Active Ideas
  • 2 Closed Ideas
  • 0 Friends
  • 0 Followers
  • Avg. Returns
     34.16%
    Success Rate
      100%
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      Idea Status :  Active
    Idea is Open
     Time Frame
    1year
     Start Price
    1542.55
     Target Price
    2300
     Stop Loss
    1100
     Projected Gain
    757.45 (49.1% Upside)
     Live Returns
    209.65     13.59%
     Analysis
    A decent business with pristine balance sheet. Will benefit from the improved rural consumption due to good monsoon expected this year. M&M being the very and the only prominent client, an offtake in tractor business is expected unless monsoon changes its mind. Besides, company has good FCF which it can use for buybacks as it has done in the past. The buy back price has been 2400 and the market seems to head closer to the buy back price after the announcement. 
     Stock Price Movement (EOD Basis)
     C.M.P Swaraj Engines
    1752.2
    Sentimeter
    Buy Calls: 2 Sell Calls: 0
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