Bullish Triangle Pattern Breakout seen in Garments mfg. stockHello Everyone, i hope you all be doing good. I have brought a stock which has given bullish triangle pattern breakout. Stock name is Cantabil Retail India Ltd and it was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000.
Product Portfolio & Revenue Split 9MFY24
Men’s Wear (83%) - Formals, Casuals, Ultra Casuals, Woollen, Knitwear
Women’s Wear (10%) - Shirts, Tops, Leggings, Kurtas, Kurtis, Capri, Pants, Jeans
Kids Wear (3%) - Shirts, T-shirts, denim, trousers, Culottes, dresses, tops, jeggings, shorts
Accessories (4%) - Innerwear, Belts, Socks, Ties, Handkerchief, Deo, etc.
Technically stock has given neat and clean breakout of bullish Triangle pattern,
Indicators like MACD & RSI started giving bullish crossover on chart.
Price is above 200-DEMA.
NOTE:- (I have not placed any indicators on chart just to keep chart neat and clean, but certainly i have done my analysis with indicators)
Market Cap
₹ 2,450 Cr.
Current Price
₹ 293
High / Low
₹ 310 / 181
Stock P/E
40.1
Book Value
₹ 39.0
Dividend Yield
0.31 %
ROCE
18.0 %
ROE
22.3 %
Face Value
₹ 2.00
Industry PE
31.3
Debt
₹ 336 Cr.
EPS
₹ 7.44
Promoter holding
74.1 %
Intrinsic Value
₹ 131
Pledged percentage
0.00 %
EVEBITDA
16.4
Change in Prom Hold
0.81 %
Profit Var 5Yrs
37.4 %
Sales growth 5Years
16.4 %
Return over 5years
44.2 %
Debt to equity
1.03
Net profit
₹ 62.2 Cr.
ROE 5Yr
22.8 %
Profit growth
-9.09 %
Earnings yield
3.82 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
