Waterbase back on track! Result update

Upcoming Positives for the stock:

1.       Waterbase back on track with good top line

2.       Aqua sector going to show good growth in the upcoming years.

3.       Govt sets new plan to boost aqua exports

4.       Pinaae feeds merging will improve its top and bottom line.

5.       Mutual fund/PE funds likely to invest

Upcoming negatives for the stock:

1.       Margin shrinkage

2.       Ability to convert top line growth in to bottom line

In my view, results are good as expected but the concern is that the shrinkage in margins. Company posted excellent top line but unable to replicate the same in bottom line. High input costs eroded the margins. Merging of Pinnae feeds is on the cards and we are going to hear the news very soon, so very bright days ahead for the waterbase investors and the chart also shows that its first big move started from 20+ levels to 90+ levels (400%+returns)and second big move started from 56+ levels to 170+ levels (almost 300%+ returns). Now, the third big move is likely on the cards and is from 100+ levels to ???.

In my view, this time the rally might be up to at least 220-240+ kind of levels! Lets see where is stops?

So, we all need to sit tight.