S Chand – Corrected 93% From Issue Price – Value Buy Or Trap?

S CHAND – Leading Educational Book Company

ISSUE PRICE – 670

LISTING PRICE – 707

CMP – 65

FACE VALUE – 5

MARKET CAP – 230cr

ALL TIME HIGH/LOW – 670 /47.15

AGRESSIVE INVESTOR – BUY AT CMP WITH 5% S/L

SAFE PLAYERS ACCMULATION ZONE LOW – 45 TO 50

S/L – As per Risk or 42

🔷️company sees itself well-positioned to benefit from the New Education Policy, which should be announced during FY20 leading to a period of strong & sustainable growth over the medium-term.

🔷️”Given the uncertainty around the actual timing of the announcement, it would not be prudent to give revenue guidance for FY20 at this point of time,” S.Chand said in a recent note available.

Disc – All views expressed are personal and only for Educational and study purpose. Consult your financial advisor before investing or taking any position based on above article.

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