Thread by @TechnoFunda6

Case Study 2 : #GMBreweries 🍻
CMP – 524.15 (4/6/2021)

(Must read Thread 🧵for #TA & #FA learners)

Decent Fundamentals & Technically a Good Breakout.

#TechnoFundaInvesting

@caniravkaria @RTSTOCKVIEW @rohanshah619 @nishkumar1977 @RajarshitaS

🙏(views invited) 🙏

#GMBreweries 🍻is engaged in manufacture of alcoholic liquor. It blends & bottles alcoholic liquor & concentrates.

Company markets its products brandy, rum & whiskey under brand names Pioneer Doctor Brandy, Pioneer Special Doctor Brandy, Hot Shot Rum and Reporter Choice Whiskey.

✅#GMBreweries has a major presence in #Mumbai, #NaviMumbai and #Thane.

✅Company is the single largest manufacturer of country liquor in #Maharashtra.

#StockMarket #TechnoFunda #Investing

In first week of April, company posted Results for the year ended 31st March 2021.

Excellent Results 👉Revenues, EBITDA, PBT & NP go above pre-covid levels.

🌟 Few Fundamental Positives 🌟

✅Company Market Cap – 958.38 Cr
✅TTM EPS – 43.82
✅TTM P/E – 11.97
✅Industry Average P/E – 113.63
✅Book Value – Rs.276.29.
✅Promoter Holding Pledge – 0%

Total Equity - 1.83 Cr Shares

Promoter Holding - 74.43%
Public Share Holding around 24% i.e., just 43 - 44 lakh shares.

🌟Technical Trigger 🌟

Recently after facing strong resistance in zone of 465 ~ 490, price gave a #breakout on huge volume.

Price also managed to close above 200 SMA.

Long positions can be initiated placing stop loss below low of weekly candle & target levels as shown on chart

➕➕➕Another Positive Trigger ➕➕➕

The news of online alcohol delivery will benefit the company.

Disclaimer : This is not a stock recommendation on #GMBreweries. Just a case study for educational purpose explaining how #TechnoFunda Investing works.

Consult your Financial Advisor before Investing !

#StockMarket #Investing #TechnicalAnalysis #FundamentalAnalysis