Long Term Equity Call - GRASIM 24 Sept 2016

LONG TERM EQUITY PICK - GRASIM INDUSTRIES LTD. (GRASIM)

CMP - 4899.45

Past 2 year weekly trend

1. Moving Averages (5, 10, 20, 50, 100, 200) - Suggest Strong Buying option not only for Short Term but for long term as well.
2. Overall Technical Indicators suggest Strong Buying.
3. RSI (14) - Suggests Buying
4. MACD (26,12) - Suggests buying
5. William %R - Overbought
6. Bull/Bear Power (13) - Suggests Buying
7. Has shown constant growth in terms of Revenue and Net income in past 4 years at least.
8. PE Ratio of 17.09 as against Industry PE of 37.24 - Quite cheaper than other stocks in industry.
9. Net Profit margin of 10.29% against Industry's 9.55% - Profitable than others.
10. EPS of 252.75 against Industry's 90.13 only.
11. Cash flow per share of 582.72 is higher than Industry's 214.50 only.

Overall Technically and Financially, go LONG on GRASIM.

Past 1 year Trend

Target 1 - 5300

Target 2 - 6200

Stop Loss - If closes below 4300.

Keep a watch on your investments since the market is uncertain and highly volatile. The stocks show corrections in Long phases. Patience is key for Long Term investments.

The stock is JUV's Choice for a suitable portfolio and so has been added in JUV Portfolio Two

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