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Breakoutsignal

This road-infra player decisively broke out of resistance zone!This road-infra player decisively broke out of the resistance zone! NSE:HGINFRA HG Infra is an infrastructure construction, development, and management company that is dedicated to developing road projects, including highways, bridges, and flyovers. With 92% of its order book coming from the Government sector and 8% from the private sector, HG Infra is majorly engaged in road construction activities through EPC Business with a focus on Hybrid Annuity Model (HAM) Projects. The company is also pre-qualified to independently bid for large EPC Projects and HAM Projects, making it a front-runner in the sector. The company is also expected to benefit from the big infra push from the Indian government! Company posted a 49% increase in sequential quarterly revenue for Dec-22 quarter. Margins are improving since last 3 quarters. This is contributing positively to the earnings suggesting good times ahead. Current share price is less than the intrinsic value of the company showing undervaluation. Price formed a new 52 week high after one month consolidation around the previous 52 week high zone with heavy volumes. Relative strength to the benchmark is also high and in an uptrend. 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.
NSE:HGINFRALong
by UnknownUnicorn23435789
This railway sector player is testing multi-week breakout zone!NSE:IRCON is an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc. The railway sector is picking up pace in India and this stock is showing consistently increasing sales, net profit and EPS. This has resulted in the stock giving a healthy 33% absolute stock price return in the past 1 year (source: screener.in) Although a bit on the expensive side compared to book value, the stock has also given out a healthy dividend! Definitely one to watch out for.
NSE:IRCON
by UnknownUnicorn23435789