NATIONAL PEROXIDE - A POSSIBLE HIGH PROBABILITY MULTIBAGGER

4360
long suggested above 4600

Technicale rationale :
VCP in progress accompanied with volume contraction. Possible expansion in coming trading days.
Price resting at support , quarterly pivot zone.
A break above 4600-4675 zone confirms the completion of vcp breakout.

stop suggested at 4100 once long activated.

Fundamental rationale:

Fundamentals
dec 17 / mar 18 / june 18 / sep 18
Sales growth 30.85% 58.64% 53.70% 94.69%
Op. Profit growth 139.28% 247.50% 134.36% 199.18%
Net Profit growth 162.94% 621.66% 137.10% 192.74%

Operating profit
margin 45% 59% 62% 65%

Operating cash flow YoY annual growth (mar 2018) 59%
Debt to Equity : Nil
Promoter holding : 70%