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SREINFRA Long 25.3.2017

SREINFRA 25.3.2017
SREI Infrastructure Finance Limited

Trade

Date of Trade (Time if applicable): 26 Mar 2017

Entry Date: Buy Stop

Trade Entry:
Market: BSE
Stock: SREINFRA (SREI Infrastructure Finance Limited)
Long/Short: Long
Current Price: 86.10
Entry Price: 94
Time Frame: Daily

Type of Trade: Swing Trade

Reason For Trade:
Conservative approach is required
Aggressive approach has high-risk high reward ratio

Fundamentals
Fundamentals are strong. Only net cash flow of the company on March 2016 was negative. Overall net cash flow is positive

Stop: 88.60

Target: Price Target 1: 100
Price Target 2: 124

Minuses:
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.12% for last 3 years.
- Contingent liabilities of Rs.1559.88 Cr.

Feragatname