Analysis of Choice International Ltd. for the One-Month Period
This analysis is based on data from the last 30 days. For more foundational insights on stock trading, you can explore this introduction to stock trading. If you're considering beginning your trading journey, here's a guide on how to start trading stocks.
Current Price and Recent Performance
- Price Observations:
- On November 14, 2024, the share price of Choice International Ltd. was ₹525.50, peaking at ₹530 and hitting a low of ₹522.
- By November 19, 2024, the share price increased to ₹532.60, marking a 1.16% rise from the previous closing price of ₹526.8.
Short-Term Performance
- Monthly and Quarterly Returns:
- Over the past month, the security saw a return of 9.37%.
- The quarterly performance reflects a more robust 31.77% return.
- Weekly Performance:
- Within the last seven days, the stock experienced a minimal decline of -0.36%.
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Historical Highs and Lows
- 52-Week Range:
- High: ₹540
- Low: ₹215
Moving Averages and Trends
- Indicator Analysis:
- The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which signals a positive trend.
Investors can learn more about deciphering these trends by consulting resources on how to read stock charts.
Technical Levels
- Pivot Points:
- Daily pivot: ₹525.97
- Resistance levels:
- ₹529.93
- ₹533.97
- ₹537.93
- Support levels:
- ₹521.93
- ₹517.97
- ₹513.93
Financial Performance
- Revenue Growth:
- Standalone net sales for the quarter ending September 30, 2024, rose by 66.62% year-on-year.
- Consolidated net sales for Q2 2024 were up 45.92% year-on-year.
Key Metrics
- Return on Equity (ROE):
- For the fiscal year ending March 31, 2024, the ROE was 22.19%, outshining the five-year average of 13.73%.
- Annual Revenue Growth:
- Notably, the annual growth of 92.15% surpassed the three-year CAGR of 62.06%.
Market Cap and Classification
- Valuation:
- Classified as a small-cap company, Choice International Ltd. boasts a market cap of ₹10,387.65 Cr as of November 12, 2024.
Analyst Recommendations
- Investment Guidance:
- According to MarketsMOJO, the recommendation is to 'Hold', advising investors to keep their current positions.
For further exploration of trading strategies and technical analysis, you might be interested in stock trading strategies for beginners or advanced stock trading techniques.
External Links to Trading Platforms:
- To find the best trading platforms, refer to this guide on stock trading platforms.
This comprehensive evaluation considers the company's recent stock performance, market dynamics, and financial data, serving as a valuable toolkit for traders looking to make informed decisions.
Professional Analysis of Choice International Ltd.
In this analysis, we will examine Choice International Ltd.'s performance over the past year, focusing on financial performance, stock performance, key metrics, dividend and promoter holding, market and trading data, and recent trends. You can find related topics and insights by exploring the internal links on Glazhome.
Financial Performance
Net Sales Growth:
- Significant increase in net sales:
- Consolidated June 2024 period: up 45.92% YoY.
- Standalone June 2024 period: up 97.39% YoY.
- For more on this, refer to What is Stock Trading.
- Significant increase in net sales:
Profit Growth:
- Delivered a robust 5-year CAGR of 85.9% in profits.
- Reported a profit before tax of ₹215 crore for the year ending March 31, 2024.
- Learn about Analyzing Stocks for Investment.
Stock Performance
Current Price and Valuation:
- Price as of November 18, 2024: ₹527.
- 52-week high: ₹566.55; 52-week low: ₹214.90.
- Trading at 17 times its book value.
- Check out How to Read Stock Charts.
Price CAGR:
- 1-year price CAGR of 139%.
- 5-year price CAGR of 116%.
- For stock market basics, visit Stock Market Basics for Beginners.
Key Metrics
Return on Equity (ROE) and Return on Capital Employed (ROCE):
- ROE: 22.19% (outperforming the 5-year average of 13.73%).
- ROCE: 25.0%.
- More on this can be found in Understanding Stock Volatility.
Earnings Per Share (EPS):
- EPS for the year ending March 31, 2024: ₹7.70.
- Review more with Advanced Stock Trading Techniques.
Dividend and Promoter Holding
Dividend:
- No dividends paid in recent years despite repeated profits.
- Dividend Yield: 0.00%.
- Investigate Dividend Stock Trading.
Promoter Holding:
- Decreased by -6.10% over the last three years.
- For insights on this, see Long vs Short Stock Trading.
Market and Trading Data
Market Capitalization:
- Approximately ₹10,503 crore.
Trading Volume and Value:
- 20-day average volume: 657,903 shares.
- 20-day average delivery percentage: 33.07%.
- Enhance your knowledge with Stock Trading Risks and Mitigation.
Recent Trends
- November Performance:
- Positive returns in November for 2 out of the last 3 years.
- Maximum positive change of 5.95% in November 2023.
- Discover more at Best Times to Trade Stocks.
This comprehensive review based on the past year's data should aid traders in strategizing and making informed investment decisions in the stock market. For further details on trading strategies, you might consider reading Stock Trading Strategies for Beginners.
Disclaimer: This information material (regardless of whether it reflects opinions or not) is intended solely for general information purposes. It does not constitute independent financial analysis and is not financial or investment advice. It should not be relied upon as a decisive basis for an investment decision. This information material is never to be understood as GlazHome/CostGame recommending or deeming the acquisition or disposal of certain financial instruments, a particular timing for an investment decision, or a specific investment strategy suitable for any particular person. In particular, the information does not take into account the individual investment goals or financial circumstances of any individual investor. The information has not been prepared in accordance with the legal requirements designed to promote the independence of financial analysis and is therefore considered a marketing communication. Although GlazHome/CostGame is not expressly prevented from acting before providing the information, GlazHome/CostGame does not seek to gain an advantage by disseminating the information beforehand.
