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TGV SRAAC Ltd Jul y 5, 20 21

Queries
Chemical: Specialty CMP: Rs.34.55 infosquarExchange@gmail.com
Symbol: TGVSL Target Price: Rs. 42.5
Recommendation: Strong Buy Upside: 21.4%

Trading Strategy
COMPANY STATISTICS Below are the main technical and fundamental drivers behind trading TGVSL:
Market Cap (Rs Bn): 3.7  Moving Average Breakout – After reaching 52-week highs in early May, the stock
52-Week Range: 16-37.7 witnessed a minor correction, which has ended with the stock finding strong
support at the 100-day EMA. Additionally, the 9-day EMA has crossed over the 26-
Dividend Yield: N/A
day and the 50-day EMAs with a major volume breakout indicating strong bullish
Revenue (Rs. Bn): 10.09 momentum.
EPS (TTM): 2.8  Relative Strength Index– The stock is making higher lows, but the RSI has been
P/Sales (TTM): 0.37x trailing with lower lows on the 1D time interval. This divergence acts as an early
indication of a strong incoming move.
P/E (TTM): 12.86x
P/Book (TTM): 0.61x
 Resistance Level Breakout – After reaching 52-week highs, the stock was finding
significant resistance between the 33.5-34.5 levels. However, the stock has finally
P/FCF (TTM): 32.06x broken above these levels, giving an ideal entry point.
Equity Beta: 1.72
Trading Thesis
Shares Outstanding (in Mn): 107.08
 Entry Price: Rs. 34 – Rs. 35
 Price Target: Rs. 42.5
 Stop Loss: Rs. 29.75
 Time Period: 2 months

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results; hence, we do not take responsibility for any trades taken based on the information presented in this report.