As you all can see there is a beautiful cup followed by a handle on the Weekly timeframe. After the pattern broke out, the stock managed the market sell off pretty well by retesting its previous supply zone (now demand zone) and maintained the sideways trend without spoiling the pattern. This sudden surge implies that the stock is ready to continue its uptrend.
Talking about fundamentals: - High Management Efficiency with a high ROCE of 17.10% - The company has a high Debt to EBITDA ratio of 1.88 times - Healthy long term growth as Operating profit has grown by an annual rate 40.09% - Positive results in Dec 24 - OPERATING PROFIT TO INTEREST(Q) Highest at 4.94 times - NET SALES(HY) At Rs 5,325.74 cr has Grown at 24.53 % - DEBT-EQUITY RATIO(HY) Lowest at 0.67 times
- With ROCE of 14.4, it has a Fair valuation with a 1.9 Enterprise value to Capital Employed - The stock is trading at a discount compared to its average historical valuations - Over the past year, while the stock has generated a return of 106.57%, its profits have risen by 0.5% - High Institutional Holdings at 20.38%. Their stake has increased by 0.7% over the previous quarter.
*DISCLAIMER* For educational purposes only. Not a recommendation. Treat StopLoss as your best friend to get you out of troubles.
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