Stock Analysis: Lloyds Engineering Works Ltd.

Introduction:
Lloyds Engineering Works Ltd is primarily engaged in the design, Manufacturing, and Commissioning of heavy equipment, machinery & systems for the HydroCarbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and Turnkey Projects
Fundamentals:
Market Cap: ₹ 9,913 Cr.; Stock P/E: 102 (Ind. P/E: 43.32) 👎;
ROCE: 28.3% 👍 ; ROE: 26.2% 👍;
3 Years Sales Growth: 107% 👍; 3 Years Profit Growth: 442% 👍;
3 Years Stock Price CAGR: 58% 👍;
Cons:
• Stock is trading at 22.2 times its book value 👍
• Promoter holding has decreased over the last quarter -0.87%

Technicals:
The stock has given a strong breakout.
The stock is in a strong Bullish Momentum - Above Short, Medium and Long Term averages.
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm.
Currently valued at Good to expensive valuation
20 EMA (Black Line) is above 50 EMA (Orange Line) and 100 EMA (Sky Blue Line) in the daily charts, confirming the bullish trend.
Resistance levels: 88, 93
Support levels: 83, 73, 65

Disclaimer