Chaman Lal Setia Exports Limited (CLSE) was incorporated in Amritsar, Punjab in 1994 by Mr. Chaman Lal Setia and his sons. It’s one of the oldest Rice Millers cum Exporters of Basmati rice of all varieties from India.
The company is engaged in the business of milling and processing basmati rice. The company has been involved in export operations since 1982 and was recognized as an export house by the Ministry of Commerce in 1989, at present the company is a Star Export House.
Why this stock at trending reason below
Why is there a rice shortage? Bad weather in rice-producing regions around the world led to a drop in rice production in 2022. In 2022, parts of China known for producing rice were hit by devastating flash floods. At the same time, different parts of China that also produce rice were impacted by severe drought.
1000cr+ market cap company
PE ratio 9.03 industrial PE 39.9 (low PE value)
20+ both ROE & ROCE
EPS 22.8
Debt to equity ratio 0.2
PEG RATIO 0.38
Quick ratio 1.65
Current ratio 4.27
Fundamental is strong
Technical analysis
Life time high level treading
2year required complete Bowl pattern and breakout at level 150-155 level sentimental resistance of 150 breakout out now create one Bowl at level of 200 breakout locking take new high of 280+ keeping stop loss of 160 below get target of 280+
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