Kriti Nutrients stock analysis

About the Company:

• Founded in 1991,Kriti nutrients ltd has grown steadily over the years & today is counted  among the leading soya based products manufacturing companies of India.
• Kriti nutrients manufactures range of soya value added products and soya lecithin for industried and edible refined oil for consumers.

Product Range:

• Soya lecithin
• Texturized soya protein
• Kriti super Hypro SBM
• Soya grits
• Soya flakes
• Soya flour
• Full flat soya
• Acid oil & Fatty acid
• Refined sunflower oil
• Refined soyabean oil

Key fundamentals:

• Stock P/E = 7.79
• Industry P/E=14.9
• ROE = 24.55%
• ROCE = 27.2%
• Debt to equity = 0.10
• Pledged shares = 0%
• PEG = 0.27

Technical Analysis : 

Elliot wave : 

• Wave 5 formation started(Short term Target price 55)

Fibonacci retracement : 

• Wave 5 taken support at 50% retracement

DISCLAIMER : Not invested! and only for educational purpose(No buy or sell recommendation & do your own analysis before buying)