This auto ancillary stock has broken out of consolidation!

GNA

GNA Axles is an established company in the automobile component space with wide variety of products for the 4-wheeler auto industry.

Total revenue, net profit and earnings have been growing impressively for this company in last 12 months.

EBITDA and Net margins are also on the growth trajectory.

Promoter holding pattern is healthy, albeit with a little bit of pledging <~5%.

On the leverage front, debt to equity ratio is good with more than sufficient interest coverage.

Price hit a 52-week high breaking out of a consolidation base with heavy volumes.

Relative to the benchmark index, price is showing good strength and in an uptrend.

Source: tickertape.in, screener.in

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