Introduction

Silgo Retail Ltd. is engaged in the manufacture and trade of silver jewellery and related business. Its products include rings, earrings, necklaces, pendants, bracelets, and bangles.

Observation

As we can see stock make C&H Trade above 20-day EMA once it breakout the given level can reach our targets. On monthly chart stock show rounding bottom pattern. Rsi above 60

Let's touch fundamentals

• ROCE - 10.1 %
• ROC - 7.43 %
• Debt to equity - 0.13
• PE - 28
• Promoter Holding - 67%
  
• Public holding - 30%
• Promoter Holding Pledge - zero
  

• Daily Chart
• Cup & Handle

1. Reported Standalone quarterly numbers for Reliance Industries are:Net Sales at Rs 130,108.00 crore in September 2024 down 5.29% from Rs. 137,380.00 crore in September 2023.Quarterly Net Profit at Rs. 7,713.00 crore in September 2024 down 31.18% from Rs. 11,208.00 crore in September 2023.EBITDA stands at Rs. 17,226.00 crore in September 2024 down 22.14% from Rs. 22,125.00 crore in September 2023.Reliance EPS has decreased to Rs. 11.40 in September 2024 from Rs. 16.56 in September 2023.Reliance shares closed at 2,718.60 on October 17, 2024 (NSE) and has given -7.17% returns over the last 6 months and 16.98% over the last 12 months.

2. India's UltraTech Cement reported a steeper-than-expected decline in second-quarter profit on Monday, hit by a slump in prices and demand in a seasonally weak quarter.The company reported a consolidated net profit of 8.2 billion rupees ($97.5 million) for the quarter ended Sept. 30, down 36% from last year.

3. Tata Consumer Products recorded a rise in its consolidated attributable net profit to 3.64 billion Indian rupees in the fiscal second quarter ended Sept. 30 against 3.38 billion rupees a year ago. Earnings per share came in at 3.78 rupees compared with 3.64 rupees, according to a filing to the stock exchanges on Friday by the fast-moving consumer goods company.

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Mon Oct 21, 2024