Bajaj Finance LtdAll important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
Analysis
Bitcoin Looks Promising on Bullish SideBitcoin has made double bottom base at around 53000 price range.
Also in weekly time frame, coin is in consolidation to negative pattern which shows a FLAG AND POLE pattern possibility.
Other support is near to 40000 to 40600 price range.
In Monthly Time Frame it is just showing profit booking.
If price breaks above 64000 in weekly candle or sustains above 70000 (Safe Side+ breakout of flag and pole pattern) the price can reach to the levels given in chart.
Follow for more such content.
Disclaimer: Above is just my own opinion about the coin and is for educational purpose only.
Electrosteel: The Dark Horse in the Ductile Iron Pipe Industry!Summary
● Electrosteel Castings Limited (ECL) is a prominent Indian company specializing in ductile iron (DI) pipes, fittings, and cast iron (CI) pipes. With a market cap of ₹13,640 Cr, ECL generates 88% of its revenue from India, holding a 28% domestic market share.
● Over the last 3 years, ECL recorded a 29% sales CAGR and 97% profit growth. Its current PE ratio of 15.3 is below the industry average, suggesting undervaluation.
● ECL plans to boost DI pipe capacity to 1 million tons by FY26. The ductile iron pipes industry is poised for growth due to urbanization and government initiatives.
● With its strong market position and robust financials, ECL is well-positioned to capitalize on this opportunity and deliver shareholder value.
Investment Advice by Goodluck Capital
Buy Electrosteel Casting NSE:ELECTCAST
● Best Buy Range - 210 - 220
● Target - 275 - 280
● Potential Return - 28 - 30%
● Approx holding period 8 - 12 months
Company Overview
Electrosteel Castings Limited produces and supplies ductile iron (DI) pipes, fittings, and accessories, as well as cast iron (CI) pipes, both in India and globally. Their DI pipes and fittings are used in various applications such as water transmission, potable water distribution, industrial water supply, ash-slurry systems, fire-fighting systems, desalination, sewerage, stormwater drainage, and recycling. They also offer ductile iron flange pipes for temporary installations and restrained joint pipes. Additionally, the company supplies metallurgical coke, sinter, sponge iron, ferro silicon, pig iron, and silico manganese ferro alloy, along with cement branded as SPL GOLD. Originally named Dalmia Iron and Steel Ltd, the company was established in 1955 and is headquartered in Kolkata, India.
Market Capitalization - ₹ 13,640 Cr.
Peer Companies
● Jindal Saw NSE:JINDALSAW - ₹ 22,576 Cr.
● Jai Balaji Industries NSE:JAIBALAJI - ₹ 19,682 Cr.
● Welspun Corp. NSE:WELCORP - ₹ 18,092 Cr.
Technical Aspects
● In January 2008, the stock reached an impressive peak of ₹71 but subsequently faced a significant decline.
● The price eventually stabilized around ₹8, leading to an extended period of consolidation.
● During this time, a Rectangle pattern, often referred to as the Darvas Box pattern, took shape.
● After breaking out of this pattern in May 2023, the stock price surged past its previous strong resistance level in October 2023.
● Since then, the stock has maintained its upward momentum and is currently trading just shy of its historical high of ₹226.
● Expectations are high that this momentum will sustain and lead the stock to reach new peaks in the near future.
Relative Strength
● The chart clearly illustrates that Electrosteel Castings has greatly outperformed the Nifty Smallcap 250 index, boasting an impressive annual return of 219%, which is truly an outstanding achievement.
Revenue Break-up
● Product wise break-up
➖ The primary source of the company's revenue comes from the production of Ductile Iron pipes and fittings, which alone makes up about 86% of its total income. Additionally, the company manufactures Cast Iron pipes, contributing roughly 2.8% to the overall revenue.
● Location wise break-up
➖ The company generates nearly 88% of its revenue from India, where it holds a 28% share of the domestic market. The remaining 12% of its income is sourced from international markets.
Revenue & Profit Analysis
● Over the last three years, this stock has recorded an impressive compounded annual growth rate (CAGR) of 29% in sales. Additionally, the total profit growth during this period has been remarkable, achieving a staggering 97% CAGR.
● Furthermore, the company has successfully maintained an operating profit margin of 16%, a notable increase from 10% in FY24.
● For the fiscal year 2024, earnings per share (EPS) have surged from 5.31 in fiscal year 2023 to an impressive 11.97. Currently, the EPS for the past twelve months is at 14.69.
● A closer look at the quarterly results shows that the company reached a record high in quarterly sales, reporting 2,012 crore in June, up from 2,004 crore in the March quarter. This figure significantly exceeds last year's June quarter sales of 1,685 crore.
Product Demand Analysis
● Inventory Turnover Ratio
➖ Current Inventory Turnover - 1.82
➖ Inventory Turnover 3 years ago - 1.70
➖ These figures indicate that product demand has risen over the past three years.
Valuation
● P/E Ratio
➖ The company's current price-to-earnings (PE) ratio is 15.3, which is below its one-year median PE of 15.8. Compared to the industry average PE of 36.76, this suggests that the stock is significantly undervalued at present.
● P/B Ratio
➖ The stock seems to be undervalued, with a price-to-book (PB) ratio of 2.67, particularly when compared with the industry average PB ratio of 5.52.
● Intrinsic Value
➖ Electrosteel Castings is presently priced at ₹220, which is significantly below its intrinsic value of ₹258, suggesting that the stock is currently undervalued.
● Peg Ratio
➖ A PEG ratio of 0.47 suggests that the stock is undervalued relative to its expected earnings growth.
Cash Flow Analysis
● The operating cash flow has experienced an impressive leap, climbing to 806 crore from 452 crore in FY23. This remarkable growth highlights the company's robust financial health. Furthermore, the current CFO/PAT ratio stands at 0.9 of its five-year average, reflecting the company's exceptional capability in turning profits into cash efficiently.
Debt Analysis
➖ The company's existing debt stands at Rs. 2,332 crore, a figure that is notably low when juxtaposed with its market capitalization of Rs. 13,655 crore.
➖ With a debt-to-equity ratio of merely 0.46, it is clear that the debt burden is manageable for a capital-intensive enterprise, allowing the company ample room to pursue further financing if required.
➖ Examining the balance sheet shows a remarkable decrease in debt, which has fallen from Rs. 2,667 crore last year to the present Rs. 2,332 crore.
Capex Plans
➖ The ongoing capital expenditure stands at around ₹700 crores and is on track, with ₹410 crores already utilized by the end of Q1 FY25.
➖ There are ambitious plans to boost the total manufacturing capacity of DI pipes to 1 million tons by FY26.
➖ Additionally, land is being acquired in Odisha for a new Greenfield project focused on DI pipes and fittings.
Shareholding Pattern
➖ The promoters currently hold about 46.22% of the company, up from 44.08% in December 2023, indicating growth during the March quarter.
➖ Foreign Institutional Investors (FIIs) have been consistently increasing their stakes, with total holdings reaching 21.16% as of June 2024, a significant rise from 14.93% in June 2023. On a quarter-to-quarter basis,
➖ Domestic Institutional Investors (DIIs) have raised their holdings to 0.44% from 0.36% in the March quarter; however, this represents a notable decline from the 1.68% recorded in the same period last year.
Ductile Iron Pipes Industry Outlook
● Advantages of choosing DI pipes over PVC pipes
➖ According to the analysis of the ductile iron pipes market in India, these pipes are made up of approximately 90% recycled materials and are fully recyclable.
➖ Additionally, using ductile iron pipes instead of PVC can lead to an energy consumption reduction of around 40%.
● Ductile Iron Pipes Market Growth
➖ Ductile iron pipes play a crucial role in public infrastructure, serving irrigation, drinking water distribution, sewage, and wastewater systems.
➖ With India's economic growth, the rise of smart cities and projects like Bharatmala Priyojana and the Narmada Valley Development Project is driving the demand for extensive pipeline networks, boosting the ductile iron pipes market.
➖ Factors such as increasing urbanization and government initiatives like Jal Jeevan Mission, AMRUT, and Smart City Mission, focused on delivering drinking water to households, are further fueling this demand.
Conclusion
● After thoroughly examining both the technical and fundamental factors, we have concluded that Electrosteel Castings is well-positioned for substantial growth, driven by the increasing market demand for ductile iron pipes, which is likely to positively impact its share price as well.
STOCK FOR 15-20 PERCENT RETURNSStock is currently at the support zone and also on the trendline base.
The targets can be;
1.95
2.100
3.105
4.110
Can hold it for at least a month for the desired target.
DO NOT TRADE IF BREAKS THE TREND LINE
DISCLAIMER - Analyse yourself before investing.
HAPPY TRADING
Greenply vs Greenpanel: A Clash of Plywood and MDF Giants!About Companies
Greenply Industries NSE:GREENPLY is a prominent player in the plywood industry, dedicated to the production and trade of plywood and its associated products. Their extensive range features plywood, block board, wood flooring, medium density fiberboard, flush doors, and decorative veneers. Founded in 1984 by Shiv Prakash Mittal, the company operates out of Kolkata, India.
In 2018, Greenpanel Industries NSE:GREENPANEL emerged as a separate entity from Greenply Industries, concentrating on the manufacturing of MDF boards and related products. Their product lineup includes wood flooring, veneers, flush doors, and more.
Market Capitalization
● Greenply Industries - ₹ 4,751 Cr.
● Greenpanel Industries - ₹ 4,849 Cr.
Technical Aspects
Greenply
● The monthly chart reveals that the stock price encountered significant resistance around the 340 mark, resulting in a sharp decline that brought it down to the 70 level, where it found support.
● After an extented phase of consolidation, the stock formed a Double Bottom pattern.
● Once this pattern broke out, the price surged upward, and nearly 6.5 years later, in July 2024, the stock successfully broke through the previous resistance zone.
● Having maintained its position above this breakout level, the stock price is poised for further gains.
Greenpanel
● After reaching a remarkable high close to 625, the stock faced a considerable downturn.
● It later found a solid support at the 260 level, which set the stage for its recovery.
● Nevertheless, the stock ran into resistance around the 430 mark, caused another retreat to the previous support zone.
● Currently, with a fresh upward trend, the price exhibits significant growth potential.
Revenue Breakdown
● Greenply Industries generates a remarkable 77.4% of its total revenue from plywood and associated products, establishing itself as a dominant player with a 26% market share in the domestic plywood sector.
● In contrast, Greenpanel Industries focuses heavily on MDF boards, which make up an astounding 91% of its total sales, securing a 21% market share in the domestic MDF industry.
Sales & Profit Analysis
● Greenply
➖ In the last three years, this company has experienced an impressive compounded annual growth rate of 23% in sales.
➖ However, profit growth has been modest, increased by only 3% during the same period.
➖ The company currently holds an operating profit margin of 9%, which is deemed acceptable.
➖ In the fiscal year 2024, earnings per share have dropped to 5.44, down from 7.44 in FY2023.
● Greenpanel
➖ Over the past three years, this company has achieved a compounded annual growth rate of 15% in sales.
➖ In contrast, profit growth has been exceptional, soaring at a 26% CAGR during the same period.
➖ Currently, the company boasts an operating profit margin of 16%, a noteworthy figure.
➖ However, in fiscal year 2024, earnings per share have declined to 11.64, down from 20.92 in FY2023.
Valuation
● P/E Ratio
➖ Greenply Industries currently has a price-to-earnings (PE) ratio of 48.75, which is marginally above its 1-year median PE of 48.1, yet it aligns closely with the industry average PE of 48.75.
➖ On the other hand, Greenpanel Industries shows a current PE of 33.94, indicating it may be overvalued relative to its 1-year median PE of 25.2, but it appears undervalued when compared to the industry PE of 48.75.
● P/B Ratio
➖ Greenply has a PB ratio of 6.69, suggesting it is considerably overvalued.
➖ However, Greenpanel Industries has a PB ratio of 3.68, which, although somewhat high, does not indicate overvaluation.
● Intrinsic Value
● Greenply is presently valued at ₹984, a figure that is approximately 2.4 times its intrinsic worth of ₹158. This suggests that the stock is currently overvalued.
● Conversely, Greenpanel has a market price of ₹395, roughly 1.5 times its intrinsic value of ₹259, which similarly indicates that this stock is also overvalued at this time.
Product Demand analysis (Plywood vs MDF)
● Greenply presently has an inventory turnover ratio of 4.2, an improvement from 3.96 three years ago.
● In comparison, Greenpanel Industries shines with a current inventory turnover ratio of 5.08, a substantial increase from 3.71 three years earlier.
● These figures clearly indicate a rising demand for MDF products, highlighting a promising trend in the market.
Company Capex
● Greenply has significantly reduced its capital expenditure, slashing it to 123 crore from last year's 412 crore, indicating a lack of a robust capex program.
● In contrast, Greenpanel has made a remarkable leap in its capital investments, raising its capex to 344 crore from just 80 crore in the previous financial year.
Debt Analysis
● Greenpanel Industries stands strong with a manageable debt of 296 crores and a favorable debt to equity ratio of 0.22, indicating that debt is not a concern for the company. With an impressive interest coverage ratio of 16, Greenpanel is well-equipped to handle its loan repayments without any issues.
● Other side, Greenply Industries carries a higher debt burden of 549 crores, reflected in a debt to equity ratio of 0.77. With an interest coverage ratio of only 3.33, the company may face challenges in meeting its loan repayment obligations.
Cashflow Analysis
● Greenply has experienced an impressive increase in its operating cash flow, jumping to 111 crore from a mere 62 crore in FY23.
● Greenpanel Industries has struggled to convert its profits into cash, with its operating cash flow declined significantly to 135 crore from 337 crore in FY2023.
Shareholding Pattern
● Greenply
➖ Foreign Institutional Investors (FIIs) are dramatically raising their investments. In the latest June quarter, their stake has surged to 4.91%, a notable increase from just 2.15% in June 2023.
➖ Meanwhile, Domestic Institutional Investors (DIIs) currently hold 30.33% as of the June quarter, down from 32.41% last year.
● Greenpanel
➖ Foreign Institutional Investors (FIIs) are consistently divesting their positions in this stock, with their current ownership now at a mere 2.12%, a significant drop from 4.3% a year ago
➖ In contrast, Domestic Institutional Investors (DIIs) are steadily boosting their investments, with their current stake rising to 26.71%, up from 21.60% in June 2023.
Some Important Facts
● Shifting Demand From Plywood to MDF
➖ Worldwide, the consumption ratio of MDF to plywood stands at 80:20; however, in India, this ratio is notably reversed, with plywood dominating at 20:80 as of 2022.
➖ Industry experts predict that by 2030, this ratio in India will shift to an even 50:50.
➖ This shift indicates significant growth opportunities for the MDF sector in India, particularly as it is poised to capture a larger share of the low and medium-grade plywood market, which currently makes up 85% of the plywood industry in the country.
MDF Industry Growth Drivers
● Growth of Online Home Décor Platforms
➖ The growth of online home décor platforms like Pepper Fry, Fab Furbish, and Urban Ladder has increased the need for ready-to-assemble (RTA) furniture, impacting the MDF industry directly.
● Reduction in Furniture Cycle Time
➖ The increasing popularity of stylish, comfortable furniture crafted from MDF has significantly reduced the home renovation timeline, slashing it from the previous 15 to 20 years down to just 7 to 8 years.
● Cost Advantage Over Plywood
➖ MDF is much cheaper than plywood because it is made from leftover wood materials, both hardwood and softwood.
Conclusion
➖ After examining all the factors, it appears that the MDF industry is poised for significant growth in the near future, outpacing the Plywood sector. As a result, companies such as Greenpanel Industries are likely to reap substantial benefits, which will have a direct positive effect on their share prices.
Bank-Nifty // 4 Hour //Support and Resistance with SkyTradingMod"Welcome to SkyTradingMod "
Hello Everyone 👋
Most Impotent:
Support Levels: Around 51,000 and 50,700.
Resistance Levels: Around 51,400 and 52,000.
# Normal Support and Resistance we mark on the Post.
The market is currently showing a bullish trend, but it might experience some consolidation before making a decisive move.
We’re excited to share our passion with you. From expert the latest trends, we’re here to keep you informed and inspired. Stay tuned for our latest posts and join our community of enthusiastic readers!"
Let’s make this a space where everyone feels connected and valued!"
RELIANCE Levels // 15 MinReliance Industries has been following 87-period time cycles on the 15-minute chart quite effectively. Combining these time cycles with price action provides a powerful setup for understanding when to take trades. Let’s break it down:
Time Cycles: The 87-period time cycles on the 15-minute chart indicate that Reliance Industries tends to turn upward after every 87 periods, resulting in significant trending moves. This can be a valuable tool for intraday traders.
Price Action: By analyzing price patterns and candlestick techniques, traders can enhance their understanding of market dynamics. Remember that focusing solely on prices or indicators without considering time can lead to failed breakouts.
Application: While this technique works well on the 15-minute chart, you can also apply it to daily charts or higher time frames for more substantial moves.
EURUSD LONGFOREXCOM:EURUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Nifty IT Levels For Long or swing TradingNifty IT Chart Overview:
Current Value: ₹24,7801.
Recent Performance:
1 day: +0.76%
5 days: +1.47%
1 month: +2.40%
6 months: +12.59%
Year to date: +15.11%
1 year: +29.61%
5 years: +127.45%
Key Data Points:
Volume: Not specified
Previous close: Not specified
Open: Not specified
Day’s range: Not specified
Recent Analyst Views (August 22nd):
Price was moving in a wide range for two days and broke out above the consolidation range.
Buy Above: ₹24,780
Stop Loss: ₹24,740
Targets: ₹24,820, ₹24,860, ₹24,890, and ₹24,920
Sell Below: ₹24,680
Stop Loss: ₹24,720
Targets: ₹24,640.
SENSEX Levels For Intraday or swing TradingSupport & Resistance Levels:
Buy Above: 81,100 (SENSEX Spot Levels)
Targets: 81,225, 81,343, and 81,5551.
Sell Below: 81,000 (SENSEX Spot Levels)
Targets: 80,900, 80,729, and 80,5551.
Recent Analysis (August 22, 2024):
Sensex made an all-time high at 82,129.49 on August 1, 2024, at the open of the day.
It corrected one cycle down near the level of 77,968 and found support near the lowest vibration above the cycle level (actual low: 78,295.86).
The fall was swift and completed within 16 bars.
Bank-Nifty Levels For Intraday or swing TradingBank Nifty Chart Overview:
Current Value: 51,278.75 INR.
Recent Performance:
1 day: +0.28%
5 days: +1.24%
1 month: +1.66%
6 months: +11.80%
Year to date: +6.41%
1 year: +15.91%
5 years: +87.15%
Key Data Points:
Volume: 111.42M
Previous close: 51,148.10 INR
Open: 51,214.05 INR
Day’s range: 50,938.10 — 51,404.70 INR
How To Draw Support and ResistanceHorizontal Support and Resistance Levels:
These are drawn using horizontal lines based on price points.
Support Levels: Identify areas where the market had difficulty breaking below. These levels often have a cluster of buy orders.
Resistance Levels: Represent price points where the market struggled to break above. Sellers tend to enter around these levels.
Round-Number Levels (Psychological Levels):
These occur around round exchange rates (e.g., 1.00, 1.10, 1.50).
Traders pay attention to these levels due to their psychological significance.
Trendline Support and Resistance:
Draw upward or downward sloping trendlines using at least two price points.
Trendlines help identify dynamic support and resistance.
ADVANCED PCR TRADING #NSE #BSE #Option'sWhat is the PCR Ratio?
The PCR measures the relative trading volume of put options (bearish bets) to call options (bullish bets) in the market.
It’s calculated as:PCR=Open Interest of Call Options / Open Interest of Put Options
Interpretation:
PCR > 1: Indicates bearish sentiment. More put options are being traded, suggesting traders are hedging against potential declines or speculating on downward moves.
PCR < 1: Signals bullish sentiment. More call options are traded, indicating traders expect price increases or are hedging short positions.
PCR = 1: Suggests a neutral sentiment where buying and selling pressures are balanced.
Why PCR Matters:
Sentiment Gauge: The PCR reflects market sentiment. Tracking changes helps you gauge optimism or pessimism.
Contrarian Indicator: Extremely high PCR may signal excessive pessimism, potentially leading to reversals.
D-Link - Textbook Symmetrical Triangle pattern NSE:DLINKINDIA
D-Link has formed a textbook Symmetrical pattern that has worked out so far
Although it is a bullish pattern one should wait for breakout confirmation to enter.
Those who want to minimize the risk should wait for retest and may enter after confirmation.
The breakout must also be validated by the volumes or else it'd be just another Fakeout.
According to Fibonacci Extensions after breakout 168.70 is immediate resistance might consolidate there for a while
On the downside 144.15 / 136.60 / 129 / 119.65 are support levels
Company also has decent fundamentals
It's long call so one can keep stop loss according to their risk appetite.
Nifty-50 Levels // 15 Min Support and ResistanceHello Everyone 👋
# On TradingView, the levels for Nifty-50 include:
Classic:
R1 (Resistance 1): 24,863.82
R2 (Resistance 2): 24,904.48
R3 (Resistance 3): 24,950.57
Pivot Point: 24,817.73
S1 (Support 1): 24,777.07
S2 (Support 2): 24,730.98
S3 (Support 3): 24,690.32
TATA TECHNOLOGIES : A good bottoming out candidate 📈 TATA TECHNOLOGIES might be a good bottoming out candidate at this level after its listing.
🔰 It can rise upto 10%, 20% & 30% from this levels. In the short to medium term it can also touch its lifetime highs.
🟢 Range : 1040-1050
🎯 Target : 1150 / 1250 / 1350
🛑 Stop : 970 (wcb)
⚠️ Disclaimer : It's not a buy/sell advice. It's a only view for the educational purposes.
NSE:JETFREIGHT: Bullish Breakout with Significant Volume SupportSummary:
NSE:JETFREIGHT Jet Freight Logistics Ltd NSE:JETFREIGHT has recently exhibited a strong breakout following a period of consolidation, supported by robust trading volume. The company’s fundamentals show a mix of strengths and weaknesses, with notable performance in certain areas, making it an intriguing candidate for short-term trading opportunities.
Fundamentals: NSE:JETFREIGHT
High Shareholder Yield: Indicates strong returns to shareholders
Significant Return Over Last Week: Demonstrates recent positive momentum
Prominent Player: Well-established in the Air Freight & Logistics industry
Low Revenue Valuation Multiple: Suggests the stock may be undervalued compared to its revenue
Weak Gross Profit Margins: A potential concern for long-term profitability
Stock Behavior: Often moves in the opposite direction of the market, indicating unique trading patterns
Technical:
Strong Breakout: Indicates a bullish trend
Little Consolidation: Stock consolidated briefly, suggesting a base is forming
Breaking Out of Box: The stock is breaking out of a defined range, signaling potential further gains
Strong Volume: High trading volume supports the breakout, indicating strong investor interest
NSE:JETFREIGHT