Technical Analysis of Indian Equities by Nooresh

Navneet Education – Available at lower end of a 2 year channel.

Another interesting midcap company – Navneet Education which has a very good brand image in the education segment. Decent on numbers but no price movement at all. Been a disappointing stock for a couple of years now.

 

Navneet Education

 

Market Cap: Rs. 1292.24 Crores

Current Price: Rs. 54.25

Book Value: Rs. 21.56

Stock P/E: 11.72

Dividend Yield: 3.32%

Stock is Rs. 2.00 paid up

Listed on BSE & NSE

Company website

52 Week High/Low: Rs. 70.70 / Rs. 50.00

 

But worth having a relook at in coming months.

 

The technical chart is as below. The last two years stock has generally bottomed around 48-52 zones. Will it again do the jump to 70 ?

Not taking a call but a good company to look into.

 

navneet

 

Thanks and Regards,

Nooresh Merani

www.analyseindia.com

Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech

nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2601 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 1 comment… add one }
  • R Gururaj October 30, 2013, 07:40

    Same way Eros International is a good medium term pick. The stock reaches every year its peak inDecember and climbs down.

    Reply

Leave a Comment