Orient Ceratech Ltd is currently trading at ₹37, showing a slight uptick in the latest session. The stock has an annual range between ₹28.93 (year low) and ₹57.4 (year high). Volumes in recent sessions have been below average, reflecting subdued market participation. The market capitalization stands close to ₹442 crore.
Technically, the stock is consolidating, with the price hovering just below both the 50-day and 200-day moving averages, indicating a weak trend in the medium term. Recent intraday movement ranged from ₹36.8 to ₹38.2, and resistance is visible around ₹38–₹41, while support lies near the ₹36 zone and more strongly at the yearly low.
On the fundamentals front, Orient Ceratech reported modest profit growth with a trailing twelve-month EPS of ₹0.95 and a P/E ratio near 39, which is above its historical average but below the sector average. The book value per share stands around ₹23 and the price-to-book is about 1.6. Dividend yield is modest at 0.68%, and the balance sheet shows moderate leverage. While revenue has grown slightly year-over-year, profitability remains a concern with recent margin pressures.
In summary, the stock remains in a consolidation phase with a mildly negative bias until a strong reversal or breakout above resistance emerges. Both technicals and fundamentals suggest a cautious stance for new entries, with high valuations and weak earnings trends requiring close monitoring.
Technically, the stock is consolidating, with the price hovering just below both the 50-day and 200-day moving averages, indicating a weak trend in the medium term. Recent intraday movement ranged from ₹36.8 to ₹38.2, and resistance is visible around ₹38–₹41, while support lies near the ₹36 zone and more strongly at the yearly low.
On the fundamentals front, Orient Ceratech reported modest profit growth with a trailing twelve-month EPS of ₹0.95 and a P/E ratio near 39, which is above its historical average but below the sector average. The book value per share stands around ₹23 and the price-to-book is about 1.6. Dividend yield is modest at 0.68%, and the balance sheet shows moderate leverage. While revenue has grown slightly year-over-year, profitability remains a concern with recent margin pressures.
In summary, the stock remains in a consolidation phase with a mildly negative bias until a strong reversal or breakout above resistance emerges. Both technicals and fundamentals suggest a cautious stance for new entries, with high valuations and weak earnings trends requiring close monitoring.
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.
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.