I took a pilot position at 5200 and I will be looking to add at minor corrections
Technicals: stock quickly recovered from recent COVID-19 crash lows. it didn't break the previous low made Aug 2019. Broke out an exceptionally high volume and has been consolidating its gains.
Fundamentals:
This exceptional rise in OPM has lifted the profits to the highest level at 474 cr (TTM) if these margins sustain and there is a steady rise in sales, it will fuel a great rise in earnings. The stock looks like its raring to go higher. However, I will let the price movement confirm this because earnings come later and price moves first
5 years of sales growth - (-4%)
5 years of profit growth - (-4%)
Margins at the highest level at 20%
Debt-free company
TTM earnings up 100%
Technicals: stock quickly recovered from recent COVID-19 crash lows. it didn't break the previous low made Aug 2019. Broke out an exceptionally high volume and has been consolidating its gains.
Fundamentals:
This exceptional rise in OPM has lifted the profits to the highest level at 474 cr (TTM) if these margins sustain and there is a steady rise in sales, it will fuel a great rise in earnings. The stock looks like its raring to go higher. However, I will let the price movement confirm this because earnings come later and price moves first
5 years of sales growth - (-4%)
5 years of profit growth - (-4%)
Margins at the highest level at 20%
Debt-free company
TTM earnings up 100%
Trade active:
Added 2x at 5605. Looks good. tight consolidation with price moving up very quickly.
Trade active:
great qoq numbers. adding more at 5905
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini