Technical Analysis:
Currently taking support at .78 fib we can expect a bounce from here or may consolidate for a while before making any further move.
Expecting this to be a multibagger, looking at the order book and backing of RIL group
In the Q4 FY2024 earnings call, the company reported total order inflows of approximately ₹6,023 crores, marking a 37% increase compared to the previous fiscal year. Notably, Sterling and Wilson secured international orders from Spain and Italy after a three-year hiatus, aligning with their strategy to mitigate risks associated with module price fluctuations.
These developments indicate a robust order pipeline and strategic international expansion, potentially enhancing the company's revenue streams and market position in the renewable energy sector.
Currently taking support at .78 fib we can expect a bounce from here or may consolidate for a while before making any further move.
Expecting this to be a multibagger, looking at the order book and backing of RIL group
In the Q4 FY2024 earnings call, the company reported total order inflows of approximately ₹6,023 crores, marking a 37% increase compared to the previous fiscal year. Notably, Sterling and Wilson secured international orders from Spain and Italy after a three-year hiatus, aligning with their strategy to mitigate risks associated with module price fluctuations.
These developments indicate a robust order pipeline and strategic international expansion, potentially enhancing the company's revenue streams and market position in the renewable energy sector.
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.