Turning Bullish: Maharashtra Seamless Ltd
Intro: Maharashtra Seamless Ltd manufactures seamless pipes & tubes, ERW pipes. It is also in the business of renewable power generation and rig operations.
Fundamental Analysis:
Market Cap: ₹ 10,301 Cr.
High / Low: ₹ 1,099 / 563
Stock P/E: 12.2 (Ind. P/E:30.3)
ROCE: 22.9 %
ROE: 18.1 %
Sales Growth (3 years): 33%; Profit Growth (3 years): 69%
Stock Analysis:
Maharstra Seamless has been consolidating in a tight range between 569 and 701 for 3 months.
In the last couple of sessions, it has given a strong breakout with good volume.
Resistance levels: 782, 827, 927, 997, 1033
20 EMA has just crossed 50 EMA confirming the bullish trend.
However, volume has to support for further quick upside momentum.
Fundamental Analysis:
Market Cap: ₹ 10,301 Cr.
High / Low: ₹ 1,099 / 563
Stock P/E: 12.2 (Ind. P/E:30.3)
ROCE: 22.9 %
ROE: 18.1 %
Sales Growth (3 years): 33%; Profit Growth (3 years): 69%
Stock Analysis:
Maharstra Seamless has been consolidating in a tight range between 569 and 701 for 3 months.
In the last couple of sessions, it has given a strong breakout with good volume.
Resistance levels: 782, 827, 927, 997, 1033
20 EMA has just crossed 50 EMA confirming the bullish trend.
However, volume has to support for further quick upside momentum.
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.