Hey All,
The Stock Market 101 series were away for quite sometime, I thought why not talk about it in todays post and share my investment in stock that goes by the name - Borosil Renewables Ltd, ticker::BORONEW. I have been buying this stock at regular intervals and the number of shares that I #hodl of BORONEW is around 60+. The good news is that the stock has been hitting upper circuit of 5% for the last two trading sessions and currently I am sitting at a profit of above 17% and the plan is to continue to hodl the stock until I get a profit of above 25% and who doesnt like their stock hitting an upper circuit. Two more upper circuits and then I will start booking profits. Lets now look at my reasons to buying Borosil Renewables Ltd stock.
Top 3 Reasons to Investment in Borosil Renewables Ltd...
The foremost reason of buying Borosil is tied to the business they are into. They are the largest low-iron textured solar glass manufacturer in India with a market share of above 20%. And at the same time the Borosil has 65% share of Germany’s solar glass market, through its overseas subsidiaries. In India Borosil glass cutlery is a famous brand and every household I am sure must be having the Borosil product in their houses. So you see how famous the brand is in India and oversee as well. My next buying point is tied to the how the company is performing against it peer companies which are:: Asahi India Glas, La Opala RG, Haldyn Glass and others. The marketcap of the Borosil is above 7.8K+ Crores which makes it a mid-cap company, reflecting its significant presence and growth potential in the market. So not a Penny Stock from any angle hence that's another great point. Stay away from penny stocks that's the first and the foremost important thing for me. And finally the most important reason is associate to the sales numbers which has been growing exponentially. The Companies median sales growth has been above 30% for the last 10 years. So you can imagine the Sales growth potential that company has been maintaining for the last decade or so which is quite healthy overall. All these reasons tempted me to start accumulating BORONEW and that I had been doing for almost 6 months or so and evertime there had been a dip in the price of the stock it was a buy. As mentioned above I am ready sitting at a 17% profit and if the upper circuit continues for some more days I will kick off profit booking. So lets see how this pans out in near future and until then its a #hodl for Borosil Renewables Ltd stock. Well that should be it for todays post on the Stock Market 101 series for my investment in BORONEW and plans ahead with real time examples. I will be sharing more of these examples and insights in the upcoming posts to help you navigate the market more confidently. Stay tuned for more tips on making informed decisions and maximizing your returns..Happy Investing... cheers
#### Stock Market 101:: My Investment In - Borosil Renewables Ltd......
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Have Your Say On Borosil Renewables Ltd; ticker:: BORORENEW
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 Borosil Renewables Ltd? Short term Vs Long Term? Please let me know your views in the comment section below...cheers
Image Credits:: screener, pro canva, sharekhan, zerodha
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.