Hey All,
I am trying this new Stock Market 101 series; where I'll discuss the stocks I'm planning to buy or have already purchased, along with my overall strategy for each. Each post will cover the parameters I considered before choosing a stock. Today, I'll focus on Mishtann Foods Ltd and provide insights into why I chose it. Finally, I'll include a snapshot from my stock broker app showing the number of stocks I've purchased. So lets get started with the Stock Market 101 series - Mishtann Foods Ltd
Established in 1981, Mishtann Foods Ltd specializes in the manufacturing and processing of rice, wheat, and other products. The company focuses on processing and packaging fast-moving consumer goods such as Basmati rice and wheat, while also engaging in the marketing and sale of pulses and salt. Altogether fits into the Sector - FMCG [Fast Moving Consumer Goods]. And an interesting point to note here is that at present, company has 15 Super Stockist in 10 states with 70000 plus Retailers. Lets now look at some numbers; here is the 1 Years Price movement chart of Mishtann Foods Ltd with 20 & 50 DMA (Day Moving Average); created a high of ₹ 26.4 and of ₹ 10
| Market Cap in Cr. | Current Price | High/Low |
|---|---|---|
| ₹ 1,890 Cr. | ₹ 17.8 | ₹ 26.4 / 10 |
1. The company has decreased its debt.
2. The company is nearly debt-free.
3. The company's median sales growth averaged 98.1% over the last 10 years.
1. Promoter holding has declined by -1.44% over the last quarter.
2. The tax rate appears to be low.
3. The company has a high debtor turnover period of 168 days
1. The company stands well when compared to its peers who are:: LT Foods, Bikaji Foods & Others
2. FMCG sector is an ever growing sector that has demand always
3. In FY24, the company inaugurated new facility in Uganda, Africa. LT Foods’ Organic Business Arm - Nature Bio Foods (NBF)
And finally Mishtann Foods Ltd has a variety of Distribution Network spreading across General Trade, Modern Trade, HORECA, E-Commerce via 1,200+ distributors in India and 100+ distributors in international markets. It has 1,52,000 retail outlets in India; that's pretty impressive in itself. Considering all this research which I did; I thought it did be a good stock to be added to y stock portfolio and hence at the moment I bought 100 shares of it at an average price of Rs.17.98 per share. I will continue to track the stock and at every dip from here on its going to be purchase of Mishtann Foods Ltd stock from my side.... Happy Investing....cheers
#stock #stockmarket #nse #bse #mishtann #investment #finance #strategy #sensex #indiastockmarket
Do you invest in India Stock Markets? What are the different criteria you look into before picking a quality stock? Are you invested in the Stock Mishtann Foods Ltd? Short term Vs Long Term? Please let me know your views in the comment section below...cheers
Image Credits:: screener, pro canva, sharekha
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain, Stocks & Cryptos and have been investing in many emerging projects.