ESCORTS: Leading to Breakout with strong Support
ESCORTS KUBOTA LTD
#WondersOfPC
Technicals:
• Today's candle showing strong support for the Parallel Channel
• Taller green towers indicating strong built up for bullish view
• RSI entered in 60 Zone
• Relative strength green
Fundamental News: 21-Nov-22
Escorts reveals mid term Business Plan
ICICI Securities on Escorts:
-FY28 Guidance to increase export contribution to 15-20% of total sales.
-Exports to be up over 6x from FY22 levels. RoCE up from teens to 25-30%.
-Targeting ~3X revenue growth over the next 6 years, leveraging the opportunities in the Railway segment.
Buy- At levels of 2100 or above
Short term target-2370
SL on closure basis- 1994
#WondersOfPC
Technicals:
• Today's candle showing strong support for the Parallel Channel
• Taller green towers indicating strong built up for bullish view
• RSI entered in 60 Zone
• Relative strength green
Fundamental News: 21-Nov-22
Escorts reveals mid term Business Plan
ICICI Securities on Escorts:
-FY28 Guidance to increase export contribution to 15-20% of total sales.
-Exports to be up over 6x from FY22 levels. RoCE up from teens to 25-30%.
-Targeting ~3X revenue growth over the next 6 years, leveraging the opportunities in the Railway segment.
Buy- At levels of 2100 or above
Short term target-2370
SL on closure basis- 1994
Comment:
Strongly moving as per the view