Alltimehigh
NIFTY PSE All time level breackout 🤑🤑 12yearThe nifty pse index all time level breackout, last time the nifty pse index all time breackout in Jun 2003 the index move in more than 350%, this time the index all time level breackout in after 12 Year. We are bullish in the this index chart. my view the index move more than 400% in this time. What is your view please share...
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This software services company has picked up bullish momentum!This software services company has picked up bullish momentum!
NSE:CIGNITITEC
Cigniti Technologies Ltd is engaged in providing quality engineering & software testing services to clients across various industries. It was incorporated in 1998 in Hyderabad, Telangana.
Total Revenue for this quarter increased by 33.34% year-on-year
EBIDTA for this quarter increased by 71.89% year-on-year
Net Profit for this quarter increased by 75.33% year-on-year
EBITDA margin increased from an average of 12.67% over the last 4 quarters to 16.47%
Net Profit margin increased from an average of 8.17% over the last 4 quarters to 10.68%
Technically the price has run up a bit, but it could still be considered for entry on pull-backs
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Speciality chemicals company blasts off to new all time high!Speciality chemicals company blasts off to new all time high!
NSE:GANESHBE
Ganesh Benzoplast Limited is an India-based company, which is engaged in the manufacture, export and import of a range of specialty chemicals, food preservatives and industrial lubricants.
Net Profit increased by 37.89% year-on-year
EBIDTA increased by 43.68% year-on-year
EBITDA margin increased from an average of 20.45% over the last 4 quarters to 25.91%
Net Profit margin increased from an average of 11.47% over the last 4 quarters to 14.39%
Over the last 5 years, revenue growth has averaged 29.22%, vs industry avg of 12.4%
Over the last 5 years, net income has averaged 98.73%, vs industry avg of 19.89%
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
This infra player is back on growth path after a short break!This infra player is back on growth path after a short break!
NSE:ACE
Action Construction Equipment Ltd. is a material handling and construction equipment manufacturer with segments that include cranes, material handling/construction equipment, and agricultural equipment.
Disclaimer: For informational purposes only. Not investment advice. Not SEBI registered.
This IT midcap stock is soaring to new all time highs!NSE:KPITTECH
KPIT Technologies is a tech giant that specializes in computer programming, consulting and other related services. A specialist in embedded software, AI, and digital solutions, it helps companies adopt next-generation mobility tech. The company has R&D units throughout Europe, the United States, Japan, China, Thailand, and India.
Quarterly Y-o-Y sales, net margin and EBITDA have shown 40-50% growth in the past year. However, the margins have not shown much growth.
ROE and ROCE have been well above the cost of capital in India at more than ~20%.
Promoter holding is healthy with negligible pledging.
With consistently higher dividends, the company is expected to post good results in the coming quarterly earnings.
Stock price has jumped about 40 per cent in the last six months and tested a new all-time high today. Evidently the stock price is showing great relative strength compared to Nifty which has been in correction since many weeks.
Source: tickertape.in, screener.in
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Leading logistics player is all set to test all time high!NSE:AEGISCHEM
Aegis Logistics Limited (AGL), a leading oil, gas, and chemical logistics company in India, operates a network of bulk liquid handling terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and LPG gas stations in order to provide products and services.
ROE/ ROCE are good at about ~17%
Debt to equity ratio is good with healthy interest coverage ratio
Promoter holding pattern is decent with no pledging
Although revenue growth and earnings are showing signs of slowdown, the margins and EBIDTA are showing good recovery since last couple of quarters suggesting good times ahead
On the technical side, price is just shy of testing all-time high and has been rallying in a strong uptrend since the past 2 quarters
Compared to benchmark index Nifty, the stock is showing impressive relative strength
Price is breaking out of a 1-month base with heavy volumes suggesting strong buying interest
Source: tickertape.in, screener.in
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
This aluminium microcap company is ticking all the right boxes!NSE:MAANALU
MAAN ALUMINIUM is a fairly established company mainly dealing in the manufacturing of aluminum products. Exclusive dealer of Aluminium ingots and Billets for Hindalco Industries Ltd. for North and South India. They also deal in scrap trading.
ROE/ ROCE are good at more than ~20%
Promoter holding profile is good with no pledging
Debt to equity ratio and interest coverage are good
YoY quarterly Revenue, net profit and EBITDA showing impressive growth
YoY quarterly EBIDTA and NET margin are also improving
On the charts the price broke out strongly out of a base with heavy volumes and is at an all time high
Relative strength to the benchmark index is also high
Sources: tijori finance, screener.in, tickertape.in
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Consumer and building products company gives price breakout!Somany Home Innovations Limited (SHIL) is a company engaged in the business of consumer appliances, retail, and building products. Popular brands from this company are HINDWARE, MOONBOW, and EVOK
In recent quarters:
- Sales of the company are increasing quarter on quarter; however, at a slower rate
- Margins in the business are starting to show improvement
- Increasing sales and improving margins are contributing to higher net profits
- The company has invested heavily in the last few years causing a dip in the returns, but the investments can contribute to greater operating leverage
- Overall company is showing good signs of profitability in the near future
- debt to equity ratio is a little high but offset by a healthy interest coverage ratio
On the price charts:
- Price has broken out of a cup and handle base formation in the last two weeks with heavy volumes
- This week, the price touched all-time high after minor consolidation despite a down-trending market showing high relative strength
Sources: tijori finance, screener.in, tickertape.in
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
This auto parts manufacturer is rising steadily to all-time highNSE:MAHINDCIE
The company is a auto components supplier to global automotive companies which include Volkswagen, JCB, Daimler AG , Hyundai etc.
Fundamentals:
-> TTM: sales have grown 20% and TTM EPS has grown >50%
-> Quarterly: sales increased >30% YoY and EBIDTA up by 20% YoY
-> Quarterly Margins have remained stagnant YoY indicating slow down in further growth
-> promoter holding has increased however by 2.79% in past two quarters
Technicals:
-> Stock price has moved up ~15% in past week on higher volumes
-> Stock price has retested a darvas box pattern last week and broken out of it again
-> Stock is nearing its all-time high
-> Stock is forming higher highs and higher lows consistently without deep corrections
Feel free to share your research or thoughts in comments!
Sources: tradingview, screener.in, tickertape.in
Disclaimer: only for educational/ research purposes. not a investment recommendation.
This wire rope supplier is fighting off the bears! NSE: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
Will luck favor this engineering conglomerate?NSE:GOODLUCK
Technicals:
--> Stock nearing an all-time high
--> Price is climbing steadily with increasing volumes
--> Base formation will complete at the all-time high
--> Relative strength stronger than the benchmark
Fundamentals:
--> ROE/ ROCE ~ 16-17%
--> Debt to equity ratio is fair (1) with a good interest coverage ratio (~3)
--> No promoter pledging
--> Sales are continuously rising for the past 10 quarters at least
Disclaimer: Not a recommendation. For research and education purposes only.
Source: screener.in, tickertape.in
Brokerages are bullish on this realty stock!NSE:AHLUCONT
This company is a engineering and contracts player in the construction space
In terms of financials the company is debt free with high ROE ROCE numbers along with good interest coverage ratio
Technical charts suggest bullishness with price nearing all time highs backed by high volume
Recent brokerage reports and ratings suggest good revenue growth and earnings growth estimates
Source: Tickertape.in, Screener.in
Disclaimer: not a recommendation. Only for educational purposes.
Multi Year Trend Line Breakout The monthly chart of EID Parry shows a multi year trend line breakout with good volumes.
But this comes with RSI divergence too.
Though the breakout raises probabilities of further upside. The chances of long term upside may gain strength on close above the highest high.
Keeping SL at close below the lower trend line.
NIFTY CPSE Index at all time high (ATH) zoneNifty CPSE Index is trading near its all-time high (ATH) zone of 2800. The index has touched 2800 zone multiple times in the last 8 years since 2014. The index hit 2800 zone in Sep'22 and has retraced from the highs.
Will it break this decisive resistance zone this time and reach to new highs this time?