Introduction

Sakuma Exports Ltd. is a holding company, which trades and exports agro based commodities. Its products include sugar, rice, maize, sesame seeds, ground nuts, pulses, oil meal, and raw cotton. The firm caters to both domestic and international markets.

Observation

Stock trade in channel and above all the ema Rsi above 60 on day chart. if you see on weekly chart, it forms a rounding bottom breakout and retracement. Stock can touch my given level which is mentioned on the chart.

Let's touch fundamentals

Rounding Bottom

Day chart

Channel Trade

News of the day

1. The RBI's Monetary Policy Committee, as expectedly, maintained the repo rate unchanged at 6.5 percent and remained focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth.The Reserve Bank of India held the full fiscal year growth forecast and inflation estimates at 7.2 percent and 4.5 percent, respectively, however, it revised GDP growth estimates for Q1FY25 downwards to 7.1 percent from 7.3 percent earlier, and CPI inflation forecast upwards to 4.4 percent from 3.8 percent earlier for the June FY25 quarter. The central bank still sees higher risks from volatile and elevated food prices, which may adversely impact inflation expectations and result in spillovers to core inflation, although there are also indications of core inflation bottoming out.In the last reading i.e. for June, CPI inflation jumped to four-month high of 5.08 percent, against 4.75 percent in the previous month on higher food inflation. In fact, the food inflation stayed above 8 percent mark for the eighth consecutive month. This clearly indicates that the rates are likely to remain higher for longer, at least till the inflation consistently aligns to the 4 percent target on a durable basis.

2. NTPC State-owned power producer has made commercially operational the first phase capacity of 60 MW out of the 150 MW Gujarat Solar PV Project at Radhanpur in Gujarat, India from July 29, according to a Wednesday filing to the stock exchnages. The project has been made operational by NTPC REL a step-down subsidiary of NTPC through its wholly-owned subsidiary NTPC Green Energy.With this, the total installed and commercial capacity of the NTPC group has increased to 76,134 MW.

3. Godrej Agrovet plans to enter into a definitive agreement with Godrej Pet Care to manufacture pet feed from a proposed feed plant in Maharashtra, India plant, according to a Wednesday filing to the stock exchanges.

Educational content

Thu Aug 8, 2024