🔹The government plans to promote renewable energy.
🔹#TATAPOWER aims to double its renewable energy generating capacity by 2025.
🔹Power demand will increase with the rise of EV.
➡️It is one of the few companies that produce exceptional quartz sinks.
➡️Its sales growth is consistent.
➡️It has a huge market share.
➡️ROC: 22%
➡️ROE: 20%
➡️Net profit margin: 12%
🔹The quarterly results of most companies have been impacted by the current scenario.
🔹In the short term, the market will be very volatile.
🔹In the long term, the market will be bullish.
🔹Our expert screens his stock both fundamentally & technically.
🔹Here are some factors to check out before choosing a stock:
🔸Return on capital of the company: > 15-20%
🔸Return on equity of the company: > 15-20%
🔸The debt of the company should be </= 0.4
@sanchittasksali highlighted the probable reasons for the fall.
🔸The fear of Omicron.
➡️The situation in the UK is feeble; a lockdown may be expected soon.
🔸The RBI policy has sucked up the liquidity.
➡️This will impact the cost of borrowing for the market participants
➡️The issue of IPO funding has also become a trigger for the fall.
➡️People have started selling stocks to cover their losses.
➡️It will take some more time for the market to find a bottom.