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MSI Stock Of The Day: Chambal Fertilizer Trading At An All Time High!!

August 12 2021 | Reading Time: 2 Minutes

Chambal Fertilizer Stock and Chemical stock has broken out of a 5-week, 9% deep Flat Base 2-weeks ago. However, the stock is still worth watching as the current price is only 2% away from the ideal buy price of INR 321.

 

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 7.65% away from the 10-week moving average.

 

In the last twelve months, Chambal Fertilizer Stock and Chemical has rallied nearly 106.2% as compared to 46.2% for the Nifty500. It has a Relative Strength Rating of 61. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

 

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Chambal Fertilizer Stock and Chemical can maintain this outperformance, it could make sense as a CANSLIM trade.

 

Another key part of the jigsaw is institutional sponsorship. Chambal Fertilizer Stock and Chemical has an Accumulation/Distribution Rating of 'A-'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

 

On the earnings front, Chambal Fertilizer Stock and Chemical has an excellent EPS Rank of 97, which indicates consistency in earnings. The earnings and sales for the stock have grown by 59% and 68%, respectively over the past three years. Its 3-years earnings stability is 12, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 47% and 29%, respectively. The 5-years earnings stability is 12. The return on equity for the last reported year is 38%.

 

The stock belongs to the industry group of Chemicals-Agricultural. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 64. The current price of Chambal Fertilizer Stock and Chemical is -2% off from its 52-week high price and146 % above its 52-week low price.

 

The stock appears on our idea lists: Minervini Trend Template

What do you think? Please email us any questions or comments.

Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.

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