Opportunity for Multibagger stock BALAJITELE - Balaji Telefilms Limited
Everybody knows about the BALAJITELE -- Balaji Telefilms Limited. Even this company is very famous among senior citizen groups of India who r not so much interested in market or equities.
Today I m going to discuss about earning opportunity in this scrip like its fast and successful growth of TRP. This is virtually debt free company and also maintaining healthy dividend payout.
Let’s start technical analysis for this scrip. On the basis of chart view it will be very promising multibaggar of year 2017.
I m starting from Monthly chart of this scrip, because monthly view is most important part for identifying multibagger. On monthly chart it has crossed ATR 142, on positive side with impressive volume. In the month of November of 2007 this scrip was running on level of 390. It had made high of 399 but after that it had started downTrend. Continuously it had made lower low and lower high. Scrip was reached at level of 24 rs in year of 2009. After that scrip price was not growing fast but slowly it was passing its journey.
Recently 52 week high of scrip is 140.75 and 52 week low is 73.85. In current situation scrip has broken its 52 week high level. And started journey heading towards 200/300 rs price level.
After braking 52 week high price level, 149 rs level is most important for this scrip but today it has crossed that level also. Now its first big hurdle will be 213 price levels. If scrip will successful in braking this level then second hurdle will be around 399.
On the weekly chart view this scrip had started positive rally from month of April and till this date it is on its positive path. After breaking all hurdle green path is open for Balaji Telefilms.
Now days market is also on positive side so it will help Balaji telefilms to grow price rapidly. I hope Investor can get good returns in shorter time in Balaji Telefilms. Fundamentals of this scrip are also strong. Balaji has launched his new business ALTBalaji. CEO of Company is very confident about future growth of them.
For the quarter ended March 31, 2017, Balaji Telefilms reported a net profit of Rs 12.74 crore, up 148.34 % from Rs 5.13 crore reported for the corresponding quarter last year.
Net sales jumped 48.86% on a year-on-year basis to Rs 85.03 crore. The company had reported net sales of Rs 57.12 crore for the corresponding quarter last year.
- Anand Singh Gaur
- Sunil Kothari