Debt-free with strong promoter support: This small-cap fabric stock is about to announce its results; is it on your radar?
Textile Stock awaiting for results: Promising Financials, Strong Performance, and a Bullish Chart Pattern Point to Potential Multibagger Returns
On October 28th, 2023 company management reported that its unaudited financials will be published in board meeting on 8th November, 2023. This news is important for investors as it will provide them with an update on the company's financial performance for the first half of the year. Currently stock is trading at Rs. 1674.95 with yesterday’s gain of 0.54 per cent.
Voith Paper Fabrics India is a debt free company since last 5 years which reduces the risk of the equity shareholders. The promotor stake of the company is around 75 per cent which is a promising sign for investors. Company's annual revenue growth of 14.68 per cent outperformed its 3-year CAGR of 11.33 per cent, according to the company's standalone financials. This is a positive sign for the company, as it suggests that its revenue is growing at a faster pace than it has in the past. The stock PE stands at 21.6 versus industry PE of 31.3.
Year-to-date, the stock has returned 46.80 per cent, outperforming Indian indices. This strong performance has been driven by a recovery in the stock market following the COVID-19 pandemic.
The stock's maximum return of 1466 per cent was achieved over a twenty-year period. This demonstrates the stock's potential for high returns, but it is important to note that past performance is not indicative of future results.
Above image shows the chart of Voith Paper Fabrics India on weekly timeframe. The chart pattern named Flag is marked on the same which is one of the successful trend continuation patterns. We believe that if this result sentiments break this pattern and manage the heavy volumes for trade the stock price may sky rocket giving mutibagger returns in this growth environment in India.
Disclaimer: The article is for informational purposes only and not investment advice.
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