Introduction

Seshasayee Paper & Boards is engaged in the business of manufacture and sale of printing and writing paper.SPBL is the flagship company of SPB-ESVIN Group headquarted at Chennai. The company was incorporated in the year 1960, Seshasayee Paper has six decades of experience in the Indian paper industry

Observation

Here we talk about the deep analysis of this stock first we need to understand why these types of stock are value pack when all the world are looking for attractive giants like nifty 50 stocks or nifty 100 stock. we need to understand that it is not all about the big giants' company or blue-chip stock it is all about book profits timely if you are a trader or Investore whether it is blue chip or not

Stock show a Bullish momentum 13june breakout falling trend line which is 336 level after stock changes its trend from Higher low (falling trend line) to higher high (rising trend line). although stock facing its small resistance which is somewhere around 364 levels if stock would sustain above 352 levels, then it can go like a 🚀 up to the level of 374-395 as per chart indication. Stock trade above all the ema on the day chart RSI 60 is breaking out. stock PE is 14 in oct 22 now it is 8.80 which shows a value buy. Stock will continue its momentum.

Technical Analysis & indicators

RSI

Volume

EMA

News of the day

1. Godrej Properties has sold more than 2,000 homes for over Rs 3,150 crore in its new housing project in Bengaluru amid strong demand for residential properties. In a regulatory filing, they said it has achieved over Rs 3,150 crore in sales bookings in the 'Godrej Woodscapes' project, located in Whitefield-Budigere Cross, Bengaluru. This is Godrej Properties' most successful launch ever in terms of the value and volume of sales achieved, the company said.

2. SEBI Shares of Indian brokers fell on Tuesday, a day after India's markets regulators asked market institutions like stock exchanges to levy uniform charges on brokers that are not based on volumes. Brokerages like Angel One, 5Paisa Capital, SMC Global Securities, Motilal Oswal, Geojit Financial and Dolat Alcotech fell between 3% and 8% in early trade. 

Exchanges often charge a lower fee to brokers if they generate high volumes, contributing to a surge in trading across segments like derivatives, which the regulator wants to curb.

The new regulation will be effective from Oct 1.

3. Trent's Westside Opens New Store in Gurgaon, India Westside, a lifestyle concept of retail company Trent, opened a new store in Gurgaon, Haryana, India, according to a press release filed with the Indian bourses on Tuesday. Trent Q3 net profit rises two-fold to Rs 370.6 crore The total consolidated income rose 50 per cent to Rs 3,546.95 crore in the December 2023 quarter.

Educational Content


This stock analysis is designed for educational purposes and should not be taken as professional financial advice. Please carry out your own research or consult with a financial advisor before investing.

Tue Jul 2, 2024