This tech hardware CMO could be the next turnaround story!NSE:OPTIEMUS
Technicals:
- Stock price has cleared 3 resistance zones in 3 days and broken out of a long consolidation
- Stock is nearing its all time high resistance zone with strength
- Stock price is showing high relative strength compared to NIFTY
Fundamentals:
- YoY data are bleak with low growth numbers
- However quarterly financials are encouraging with growing sales, margins and earnings
Business:
- Company produces wearables for brands such as Noise and Harman which are well known Gen Z brands
- They will commission new factory for wearables in Noida by December-end as part of its strategy to expand capacity to meet growing demand for smartwatches and truly wireless stereo (TWS) earbuds
- They intend to expand into batteries, displays, and microphone contract manufacturing
Source: Screener.in, Tickertape.in, LiveMint
Disclaimer: Not a recommendation. Only for research and education purposes.
