CHART PATTERN: FALLING WEDGE
MOVING AVERAGE:
9 DAYS MOVING AVERAGE: RED
21 DAYS MOVING AVERAGE: BLUE
SUPER TREND: BUYING SIGNAL
Established in the year 1971 by late Padmashree Dr. B.V. Rao.
Largest fully integrated poultry group in Asia.
Let’s have a complete understanding of Venkys India.
Table of Contents
BUSINESS ANALYSIS OF VENKYS SHARE PRICE
The Venkys India group was established in the year 1971 by late Padmashree Dr. B.V. Rao who is well known as “The Father of the Indian Poultry Industry”.
Venkys India is the largest fully integrated poultry group in Asia.
Venkys India deals in following products:
1. AHP (Animal Health Care Products)
2. Bio Security Products
3. Biotech
4. Aqua
5. Human Health Care Products
6. Egg Powder
7. FMCG
8. VH Breed
9. Vaccines
10. Equipment
11. Feed Supplements
KEY BUSINESS SERVICES OF VENKYS SHARE PRICE
1. PDRC (Poultry Diagnostic and Research Center)
SETUP
Poultry Diagnostic and Research Center (PDRC) has a pool of expert and experienced scientists from all major poultry disciplines who are engaged in disease diagnosis programmes.
Because of its ultra-modern setup, it is one of the finest research premises in India.
It has following sections in PDRC:
Pathology section.
Microbiology Section.
Molecular Biology Section.
Serology Section.
2. Venkys India to centralize its import and export operations initiated Uttara Impex Pvt. Ltd. Uttara Impex is giving keen attention to export quality products which are manufactured by the company and helps in importing feed supplements, vitamins, phosphates, and feed grade amino acids.
Now, coming to the financials of the Venkys India.
FINANCIAL KEY METRICS
The Market Capitalization of Venkys India is ₹ 4,100 Cr.
Venkys India has a price to earnings ratio of 14.9 which is quite lesser than the industry price to earnings ratio of 24.7 indicating that Venkys share price is lower as compared to the earnings it is producing.
The return on capital employed of the Venkys India is 31.9% which is superb and shows that the company is providing awesome returns on the capital invested in it.
The return on equity of Venkys India is 27.6% showcasing the company’s great return on the investment done by their investors.
The debt to equity ratio of Venkys India is 0.17 which is almost negligible.
FINANCIAL ANALYSIS
For the quarter ended 30-06-2021, Venkys share price reported a sales of Rs 1,085 Cr.
The sales of the company were up by almost 12% from last quarter sales of Rs 941 Cr which is a great sign that the company is making consistent growth.
The net profit of Venkys share price was Rs 79 Cr in the latest quarter ended 30-06-2021.
The earning per share of the company is Rs 39.11 which is as per the quarter ended 30-06-21.
SHARE HOLDING SYNOPSIS
PROMOTERS – 56.11%.
FIIs – 0.88%.
DIIs – 0.27%.
PUBLIC – 42.74%.
This is a brief overview of the financials of the Venkys share price which shows the dominance in their respective market.
Now, let’s deep dive into the technicality of Venkys share price.
CHART PATTERN ANALYSIS
If we take a closer look at the chart in a daily time frame, a falling wedge pattern is formed.
The breakout is achieved, and the share price is starting to move in the upward direction.
For Venkys share price there is 1 target as stated in the above image.
The Venkys share price on 13th September 2021 is Rs 2,962.
MOVING AVERAGE
For Venkys share price analysis, we are taking 9 days and 21 days moving average.
Whenever there is a crossing of 9 days and 21 days moving average there is a reversal which is seen in the entire history of this stock.
At this moment, there is a crossing of the two moving averages which is a great sign which needs to be focused on.
The 9 days moving average is indicated in red while the 21 days moving average is blue.
SUPER TREND
The super trend for Venkys share price is suggesting a buying signal in the daily timeframe.
This is a positive signal and a sign of higher gains in the future.
DISCLAIMER:
Disclaimer is mentioned at the bottom of this page.