Lloyds Steels Industries: Stock forecast

As on 9th Dec 2021 Lloyds Steels Industries (LSIL) Share Price closed at 11.30. And today again on upper circuit.

It’s a good time to enter. Stock is not in the overbought zone now.

About LSIL

Lloyds Steels Industries is the designer and Manufacturer of Heavy Equipment, Machinery and Systems for Hydro Carbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Projects.

Fundamental Analysis

The PE ratio of the company is greater than 40. Currently it is 1,991.23 while the sector PE is 65.54 as per Ticker Tape. This is not a good indicator.

But what’s more interesting is the increased promoter holdings in the company. In last 6 months, promoter holding in the company has increased by 7.30% which is a positive indicator. It reflects the confidence of promoters in the company. Pledged promoter holdings is also insignificant

Standalone net profit rises 236.21% in the September 2021 quarter though sales decline 55.01%

Technical Analysis

The price pattern is promising

Last week (From 3rd Dec 2021 to 9th Dec) it has resulted in a 20 % return and in the last year 927.27% return.

A long-term increase is expected in this stock.

Pic: Ticker Tape.

Disclaimer:

The views and investment tips expressed here are purely based on my intuitions out of the mathematical analysis done and current news. What suits you better is something to be decided by you. What is in fancy today may become outdated tomorrow. So above every recommendations, it’s your logical intuitions, investment objectives and risk tolerance that matters the most. After all, it’s your money at stake!!