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Indian Energy Exchange Ltd - Fundamentals & TechnicalsINDIAN ENERGY EXCHANGE LIMITED (IEX) is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates. The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution. Let’s look at some facts and figure of the company: Fundamentals: > It is a small cap company with a market cap of Rs. 10,786 Cr. > The company have ROCE - 60.4% and ROE - 46.7% which is very impressive. > Stock P/E is at 50.5 which makes the valuation a little costlier. > The company has grown on an average rate of 16% over last 10 years. > It is almost a debt free company that is great about it. > Topline and bottomline both very impressive. > FIIs and DIIs have good among of holding in the company and they have also increased their stake on year on year basis. Technicals: > Stock looking very good on chart, major long term trend is in uptrend. > Trading above 100 and 200 DMAs. > Stock is retracing a little in short term which is expected as it has given huge runup continuously since Jan 21. > It is clear from volume at the bottom that lot of accumulation is going on in the company. Considering all the points mentioned above it is clear that this is a fundamentally very strong company with good technicals. Fresh Buy - As the stock is retracing in short term, wait for sometime, let it come down, take the support, buy on trend reversal (when comes in uptrend again) which is expected to happen in the zone of Rs.335–340. Old Buy - HOLD
NSE:IEXLong
by ShareMarketSchool
2
Action Construction Equipment Ltd - Fundamentals and TechnicalsAction Construction Equipment is engaged in the business of manufacturing and marketing of Hydraulic Mobile Cranes, Mobile Tower Cranes, Crawler Cranes, Truck mounted Cranes, Material Handling equipment like Forklifts, Road construction equipment like Backhoe loaders, Compactors, Motor graders and agriculture equipment like Tractors, Harvesters, Rotavators etc. Let’s look at some facts and figure of the company: Fundamentals: > It is a small cap company with a market cap of just Rs. 1,910 Cr. > The ROCE is at 21.9% and ROE is at 16.5% which is impressive considering the size of the company. > Stock P/E is at 23.9 which makes the valuation very attractive as compared to sector P/E at 45.63. > Increasing Market Share: Over the last 5 years, market share increased from 9.55% to 14.78% > Higher Than Industry Net Income: Over the last 5 years, net income has grown at a yearly rate of 51.13%, vs industry avg of 43.32% > Higher Than Industry Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 13.68%, vs industry avg of 4.17% > It is almost a debt free company, reducing its borrowings continuously on year on year basis, that's a very good sign from investment perspective. > Topline and bottomline both very impressive. > FIIs and DIIs both have increased their stake in the company very recently. Technicals: > Stock looking very good on chart, its making rounding bottom pattern, one of the very profitable chart pattern. > Trading above 100 and 200 DMAs. > Stock has not just recovered Covid fall immediately but also raised almost 4 times from there. > It is clear from volume at the bottom that lot of accumulation is going on in the company and bull run is around the corner. > With the easing lockdown restrictions in multiple states the economy is showing a sign to recovery and construction activities are going to start with a big bang. Considering all the points mentioned above it is clear that this is a fundamentally very strong company with good technicals on chart. Fresh Buy - At CMP i.e. 168. Old Buy - HOLD Target - 3 times at least
NSE:ACELong
by ShareMarketSchool
1
APOLLO TYRES LONGApollo Tyre has good fundamental and staying strong with NIFTY. Short term target for the stock is market. the CMP is squeezing which indicates a good uptrend in the stock. the delivery in stock is only 20% that is a concern for not expecting much in the stock. fundamentals. Apollo Tyres reported a 270.5% year-on-year (y-o-y) increase in consolidated net profit of ₹289 crore for the quarter ending 31 March, as vehicle production returned to pre-covid levels in India and foreign markets. The revenue from operations during the quarter improved by 38.99% y-o-y to ₹5,026 crore. The operating profit or earnings before interest, tax, depreciation and amortization (Ebitda), also jumped by 69% y-o-y to ₹815 crore due to the overall improvement in sales and costing cutting measures taken by the company. Despite swift recovery in sales, tyre manufacturers are expected to witness pressure on operating margins due to continuous increase in commodity prices.
NSE:APOLLOTYRELong
by Mantubora
CIPLA: The Bullish Trend.NSE:CIPLA has shown the bullish trend, with key target levels mentioned in the chart above. Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:CIPLALong
by finogent