Here's why DB Corp. is a hot stock:
This stock is at the confluence of strong technical’s and impressive fundamentals
DB Corp. smashed earnings expectations in their latest Q4, almost tripling their net profit.
The company declared a generous dividend of ₹8 per share.
The stock boasts a low PE ratio of 12.3, significantly lower than the industry average of 17.3.
The company demonstrates a healthy financial position with a strong book value of ₹125 and excellent promoter holding of 71.9%
Stock given a confirmed break out from a parallel channel /inverted head and shoulders pattern with stellar volume
The breakout base was from EMA 11, 21& 55 squeeze, indicating a potential trend reversal towards the upside
Based on the technical analysis, DB Corp. presents immediate target prices of ₹304, ₹320, ₹340, 374 & beyond
This is for informational purposes only and should not be considered financial advice.