Turning Bullish: Devyani International
The stock is in a volatility contraction zone.
It is currently trading near the key resistance level of 180.
If the 180 levels are broken decisively, we can expect an upward movement toward 200 - 220 levels.
Pros:
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
Outperformer - Devyani International up by 9.27% v/s NIFTY 50 up by 3.44% in last 1 month.
Institutional Investors have increased holdings from 24.64% to 25.87% in Jun 2024 qtr.
Cons:
TTM PE Ratio - High in industry
TTM PEG Ratio - PEG TTM is negative
Verdict:
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
It is currently trading near the key resistance level of 180.
If the 180 levels are broken decisively, we can expect an upward movement toward 200 - 220 levels.
Pros:
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
Outperformer - Devyani International up by 9.27% v/s NIFTY 50 up by 3.44% in last 1 month.
Institutional Investors have increased holdings from 24.64% to 25.87% in Jun 2024 qtr.
Cons:
TTM PE Ratio - High in industry
TTM PEG Ratio - PEG TTM is negative
Verdict:
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
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