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Bharat Forge Ltd: Analyzing Investment Potential Technical Analysis: BAT Pattern and Support Levels Bharat Forge Ltd has formed a BAT pattern in its stock chart and is currently trading with a 34% decline from its recent highs. The stock is finding significant support around the ₹1100 level, which may present a strategic entry point for long-term investors. Fundamental Performance Overview Revenue Trends: For the fiscal year 2023-2024, Bharat Forge reported a 10.54% decline in revenue, reflecting challenges in the automotive and industrial sectors due to fluctuating demand and supply chain disruptions. Net Profit: The company experienced a net profit of approximately ₹1,200 crore, which indicates a decrease compared to previous periods, primarily due to increased operational costs and competitive pressures. Price-to-Earnings (P/E) Ratio: The current P/E ratio stands at approximately 60.33, which is significantly higher than the sector average of 42.07, suggesting that the stock may be overvalued based on earnings potential. Debt Levels: Bharat Forge maintains a debt-to-equity ratio of 1.05, indicating a moderate level of debt relative to equity, which could pose some risk but also allows for growth opportunities. Return on Equity (ROE): The company reported an ROE of 13.26%, reflecting its ability to generate profits effectively from shareholders' equity, outperforming its five-year average.
NSE:BHARATFORGLong
by DragonFly-Trading
Linde India Ltd: Analyzing Investment Potential Amidst Recent DeTechnical Analysis: BAT Pattern and Support Levels Linde India Ltd has formed a BAT pattern in its stock chart, experiencing a 40% decline from its recent highs. The stock is currently positioned with an entry point around ₹5930, while a significant support zone exists at approximately ₹5200, coinciding with a three-year long-term trendline. Fundamental Performance Overview Revenue Trends: Linde India reported a 12.16% decline in sales, marking its first revenue contraction in three years. This downturn reflects the challenges faced in the industrial gases sector amid fluctuating demand and pricing pressures. Net Profit: The company's net profit for the last two quarters has shown a consistent decrease, with figures dropping from ₹120.07 crore to ₹105.41 crore, averaging a decline of 12.2% per quarter. Price-to-Earnings (P/E) Ratio: The current P/E ratio is significantly high at 116.68, compared to the sector average of 118.28, suggesting that the stock may be overvalued based on its earnings. Debt Levels: Linde India has maintained a zero debt status for the past five years, demonstrating strong financial health and stability without reliance on external borrowing. Return on Equity (ROE): The company reported an ROE of 12.91%, indicating effective management of shareholder equity to generate profits. Dividend Yield: Linde India offers a modest dividend yield of 0.20%, providing some returns to shareholders despite the current market volatility. Market Capitalization: As of January 2025, Linde India's market cap stands at approximately ₹50,648 crore, reflecting its position as a significant player in the industrial gases sector.
NSE:LINDEINDIALong
by DragonFly-Trading
Bullish Gartley Pattern in Vodafone IdeaHi TradingView Traders, I am seeing a Bullish Bat Harmonic Pattern in Vodafone Idea. I am hoping that it’ll drop more 20%-22% from this point. Then a reversal is possible. And Bullish Harmonic Pattern always tend to give greater returns. Disclaimer: This is just for educational purposes and not any advice for trading to buy/sell. Please share a valuable feedback in comments if you if you see any more patterns or ratios. Give it a rocket if you like this technical analysis.
NSE:IDEA
by srthksngl
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