LTTS- Long term investing idea
LTTS- Long term investing idea
Fundamentals
MCAP- 58000 Cr
PE - 45.5 > Industry PE of 35.6
PEG Ratio is 4.04
Debt to Equity is 0.12 and ICR is 36
ROE is 26%, ROCE is 33% ( 5yr ROCE is 34%), Better than most industry peers except TCS and Infy
Sales growth is 8%, 5yr Sales growth is 13%
Profit Growth is 7%, 5yr Profit growth is 11%
Promoter holding is 73%
Latest results - below estimates
Technicals
CMP - 5490
Bullish - Above EMA 9, 21,63, 200 on weekly charts , RSI(14) is 60
Commentary
- LTTS has been trading in the yellow parallel channel for more than 4 years now
- From the highs of Jan'22, the stock has seen a dip, a brief recovery and then a further dip to trade now at 5490. You can see a slightly downward sloping cup and handle formation. This will top out at 5890 levels.
- I expect the stock to continue its bullish journey in the next few weeks to months
Target :
T1, As per sloping cup and handle = 5890
T2, As per long term parallel channel = 6400
T3, once 5890 is breached, 8200-8400 by Oct' 2025
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Fundamentals
MCAP- 58000 Cr
PE - 45.5 > Industry PE of 35.6
PEG Ratio is 4.04
Debt to Equity is 0.12 and ICR is 36
ROE is 26%, ROCE is 33% ( 5yr ROCE is 34%), Better than most industry peers except TCS and Infy
Sales growth is 8%, 5yr Sales growth is 13%
Profit Growth is 7%, 5yr Profit growth is 11%
Promoter holding is 73%
Latest results - below estimates
Technicals
CMP - 5490
Bullish - Above EMA 9, 21,63, 200 on weekly charts , RSI(14) is 60
Commentary
- LTTS has been trading in the yellow parallel channel for more than 4 years now
- From the highs of Jan'22, the stock has seen a dip, a brief recovery and then a further dip to trade now at 5490. You can see a slightly downward sloping cup and handle formation. This will top out at 5890 levels.
- I expect the stock to continue its bullish journey in the next few weeks to months
Target :
T1, As per sloping cup and handle = 5890
T2, As per long term parallel channel = 6400
T3, once 5890 is breached, 8200-8400 by Oct' 2025
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.