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Butterfly

Cummins India Ltd: Evaluating Investment Potential Technical Analysis: Butterfly Pattern and Support Levels Cummins India Ltd has recently formed a butterfly pattern in its stock chart, currently trading with a 30% decline from its recent highs. The stock is finding support around the ₹2900 level, which may present a strategic entry point for long-term investors. Fundamental Performance Overview Revenue Growth: For the fiscal year 2023-2024, Cummins India reported a 16% increase in revenue, amounting to approximately ₹9,000.2 crore. This growth is attributed to strong demand across various sectors, including power generation and industrial applications. Net Profit: The company reported a net profit of ₹1,475 crore, reflecting a robust performance despite facing challenges in the market. This represents a slight decrease compared to previous periods but highlights resilience amid economic fluctuations. Price-to-Earnings (P/E) Ratio: The current P/E ratio stands at approximately 48.32, which is higher than the sector average of 45.99, indicating that the stock may be perceived as overvalued based on earnings. Debt Levels: Cummins India maintains a very low debt-to-equity ratio of 0.02, showcasing strong financial health and minimal reliance on debt financing. Return on Equity (ROE): The company has reported an ROE of 23.85%, reflecting effective management in generating profits from shareholders' equity. Dividend Yield: Cummins India offers a dividend yield of approximately 1.27%, providing some returns to investors amidst market volatility. Market Capitalization: As of January 2025, Cummins India has a market capitalization of around ₹83,145 crore, reinforcing its position as a significant player in the engine manufacturing sector.
NSE:CUMMINSINDLong
by DragonFly-Trading
GAIL India Ltd: Assessing Investment Potential Technical Analysis: Butterfly Pattern and Support Levels GAIL India Ltd has formed a butterfly pattern in its stock chart, currently trading with a 30% decline from its recent highs. The stock is finding support around the ₹170 level, which may present a strategic entry point for long-term investors. Fundamental Performance Overview Revenue Performance: In the last fiscal year, GAIL reported a 10% increase in revenue, driven by higher demand for natural gas and petrochemical products, despite facing challenges in the global energy market. Net Profit: The company experienced a decline in net profit, with figures dropping by approximately 25% year-over-year, primarily due to increased operational costs and lower margins in some segments. Price-to-Earnings (P/E) Ratio: The current P/E ratio stands at around 18.5, which is competitive compared to industry peers, suggesting that the stock may be fairly valued relative to its earnings. Debt Levels: GAIL maintains a manageable debt-to-equity ratio of 0.45, indicating a balanced approach to leveraging while ensuring financial stability. Return on Equity (ROE): The company reported an ROE of 12.5%, reflecting its effectiveness in generating profits from shareholders' equity. Dividend Yield: GAIL offers a dividend yield of approximately 4.2%, providing attractive returns to investors, especially during market volatility. Market Capitalization: As of January 2025, GAIL India has a market capitalization of approximately ₹70,000 crore, positioning it as one of the leading players in the natural gas sector.
NSE:GAILLong
by DragonFly-Trading
Whirlpool India Ltd: Evaluating Investment Potential Technical Analysis: Butterfly Pattern and Support Levels Whirlpool India Ltd has formed a butterfly pattern in its stock chart, currently trading 32% lower than its recent highs. The stock is finding support around the ₹1600 level, which may present a strategic entry point for long-term investors. Fundamental Performance Overview Revenue Growth: In the second quarter of FY24-25, Whirlpool India reported a 12.58% increase in revenue, reaching ₹1,713 crore compared to ₹1,521.56 crore in the same quarter last year. This growth was driven by strong demand for refrigerators and washing machines, along with an improved product mix. Net Profit: The company achieved a 40.13% rise in net profit, totaling ₹53.53 crore for the quarter, up from ₹38.20 crore in the previous year. This significant increase is attributed to effective cost management and volume growth. Price-to-Earnings (P/E) Ratio: The current P/E ratio stands at approximately 45.5, which indicates a relatively high valuation compared to historical averages in the consumer durables sector. Debt Levels: Whirlpool India maintains a zero debt status, reflecting strong financial health and stability without reliance on external borrowing. Return on Equity (ROE): The company has reported an ROE of 8.3%, indicating its ability to generate profits from shareholders' equity, although this is lower than industry averages. Operating Cash Flow: The operating cash flow for the second quarter was reported at ₹610.10 crore, demonstrating strong cash generation capabilities. Market Capitalization: As of January 2025, Whirlpool India has a market capitalization of approximately ₹21,568 crore, solidifying its position as a key player in the domestic appliances sector.
NSE:WHIRLPOOLLong
by DragonFly-Trading
Technical Analysis: Butterfly Pattern and Support LevelJM Financial Ltd has recently formed a butterfly pattern in its stock chart and is currently trading 32% down from its recent highs. The stock is finding support around the ₹114 level, which could present a potential buying opportunity for long-term investors. Fundamental Performance Overview Revenue Growth: In the last fiscal year, JM Financial reported a revenue increase of 10%, indicating steady growth despite market fluctuations. Net Income: The company experienced a decline in net income, with a reported decrease of 35% year-over-year, largely attributed to increased operational costs and market conditions. Price-to-Earnings (P/E) Ratio: The current P/E ratio stands at 24.79, which is relatively high compared to the sector average of 35.26, suggesting that the stock may be overvalued based on earnings. Debt Levels: JM Financial maintains a debt-to-equity ratio of 0.56, indicating a moderate level of debt relative to equity, which may pose some risk but also allows for growth potential. Return on Equity (ROE): The company reported an ROE of 8.5%, reflecting its ability to generate profits from shareholders' equity, although this is lower than industry benchmarks. Dividend Yield: JM Financial offers a dividend yield of 1.71%, providing some return to investors while they hold the stock.
NSE:JMFINANCILLong
by DragonFly-Trading
Finolex Industries: A Potential Long-Term InvestmentFinolex Industries has recently formed a butterfly pattern in its stock chart and is currently positioned within a strong support zone around ₹200. The stock has experienced a significant decline of approximately 40%, making it potentially attractive for long-term investors. Fundamental Analysis of Finolex Industries Performance Overview: In the fiscal year 2024, Finolex Industries reported a 2.3% increase in revenue and an impressive 89% increase in net income compared to the previous year. The net profit margin also improved to 11% during this period. Price-to-Earnings (P/E) Ratio: The current P/E ratio stands at 16.6, indicating reasonable valuation relative to earnings. Debt Levels: The company maintains a low debt-to-equity ratio of 0.068, reflecting strong financial stability and minimal reliance on debt financing. Return on Equity (ROE): Finolex achieved a solid ROE of 13.69%, showcasing efficient use of equity capital to generate profits. Net Profit Margin: The net profit margin reached 18.98%, indicating effective cost management and profitability. Market Capitalization: As of the latest data, Finolex Industries has a market cap of approximately ₹135 billion, which positions it well within the industry. Yearly Performance Highlights In the last fiscal year, the company demonstrated resilience with an increase in total income by 8.3% year-over-year in Q4 FY24, despite facing challenges such as raw material price fluctuations. The company's earnings per share (EPS) saw a significant rise, increasing by nearly 89.6% year-over-year, reflecting robust growth in profitability.
NSE:FINPIPELong
by DragonFly-Trading
Two Possibilities in NIFTYWhile Considering the Positive Outlook first to satisfy our souls and urge to see NIFTY in Green; I found a Butterfly Pattern with a possibility of reaching out to 24857.75, B Leg. On other hand if there is any negative news spreading out and FII are good enough to bargain best price they may take this up to 21653.30 creating a downtrend in NIFTY forming AB=CD Pattern All these are approximate levels. I am not a SEBI Certified RA. This Idea is completely educational based on Harmonic Technical Analysis.
NSE:NIFTY
by prowhale