Oscar Global Ltd. Detail
As per the Company website it is currently engaged in the business of creating Leather products like Leather Garments, Leather Jackets, Leather Belts, Leather Coats and Leather Pants and Leather Bags.
The Company has head office in Noida Uttar Pradesh.
Now lets look at performance of this company over the years.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Oscar Global Ltd. Stock Performance
The company was trading at price of 1.75 INR in year 2002. For next 16 years it kept on trading between 2 and 10 INR mark. The low price of 2 was touched more than 4 times and high price of 10 was touched once. So 2 can be treated as very strong support which was not breached in more than one decade.
You can see that in year 2018 it came close to 2 and jumped from there. So immediately short term trade in this counter is to buy when it is at 2 and sell at upper levels like 6 or so.
Oscar Global Ltd. My Opinion
Oscar Global Limited is in Leather sector. This is not the only Company from this sector in portfolio of Subramanian P. There are few other companies as well in his portfolio.
Leather sector is interesting sector. Nowadays growing usage of Chemical and Synthetic materials are growing importance. This has impacted Leather industry somewhat. The environment protection is another concern on this sector.
On the other hand the end products like Shoes or Bags or other materials which are created from Leather are popular. They are costly and have style statement associated with them. The market is present and will grow with Economy and population. But the materials from which these end products are created is important.
People investing in Leather sector should understand this. In my opinion Leather will be replaced with Synthetic alternatives and this shift will be gradual. There will still be demand of Leather products but that will not be growing.
For this reason I will not be investing in Leather sector.In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.