Precision Camshafts Ltd closes
at ₹ 51.70 with a fall of -5.5 % on 07-July -2019
with formation of a Long Red Candle
on Daily Price Chart. Technically, Precision Camshafts Ltd is Trading below its 200DMA and in long
downtrend since Oct 2016.
About the Company : Precision Camshafts carries
on the business of manufacturing of chilled cast iron camshaft castings and
fully machined camshafts ready for assembly.
Valuations : Precision Camshafts Ltd is now Trading at X0.8 of its Value ( March
2019 earnings ). If we factor its FY2020(E) earnings, it is now Trading at ~29%
Discount & ~35% with its FY2021(E) earnings. Enterprise Value Annual /Share is ₹53.33 ( March 2019 basis ). Net
Cash / Share is ₹35.20 (March 2018)
( Earnings Estimate Source:
www.moneycontrol.com )
We may BUY / Accumulate Precision Camshafts Ltd
around ₹ 40-44
Target : ₹ 79.50 -125
Stop: Loss : ₹ Nil ( Accmulations
Basis)
Time Frame: 24-30 Months
Red Flag : Auto
sector is in Downtrend presently.
Disclaimer : We
are / may going to take exposure shortly.
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tracks economic, behavioural and corporate tends, hoping to gauge good avenues
of return based on Fundamental Valuations of Stocks, a follower of EPV
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