UnknownUnicorn23435789

This wire rope supplier is fighting off the bears!

NSE:USHAMART   USHA MARTIN
USHAMART

While the entire market is in deep red, this stock has stayed resilient!

While the company has posted good profit growth of >20% on a 5 year basis, high percentage of promoter pledging is a red flag.

Nonetheless, company's business is robust with strong numbers posted quarter on quarter for the past two years in terms of sales growth, earnings growth, and net margins. This has had a positive impact on the overall solvency of the company with an interest coverage ratio of 12.

Technically, the company is near its all time high prices and showing great relative strength in a falling market

Price and volumes have been surging since last few sessions making it a good company to study further

Disclaimer: for research/education purposes only. not an investment advice/ recommendation.
Sources: company website, screener.in, tickertape.in
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