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TechnoFunda Analysis: ASK Automotive Ltd(ASKAUTOLTD)In the ever-evolving automotive landscape, ASK Automotive Ltd stands out as a powerful blend of technical resilience and fundamental strength. With strong operational performance, expanding margins, and rising institutional confidence, the company has emerged as one of India’s leading auto component players specializing in braking systems, aluminum precision parts, and EV-compatible components. Let’s decode ASK Automotive from both Technical and Fundamental perspectives to assess its investment potential for long-term investors and swing traders alike. **************Technical Analysis******************* ASK Automotive is currently in a buy zone, with a favorable risk-reward setup supported by higher timeframe structure. Traders can accumulate near supports with a stop loss below ₹470 for targets up to ₹540–560. For investors, the current price offers a good entry point for long-term compounding given the synergy between chart strength and business fundamentals. Trend: Uptrend remains intact across all major timeframes. Momentum Indicators: RSI is recovering from the 40–45 zone, hinting at renewed bullish momentum. Volume Action: Rising volume near the 200 EMA suggests smart money accumulation. Short-Term View: A decisive close above ₹500 could lead to a near-term rally towards ₹540–560. Medium-Term View: Sustained trading above ₹560 may open the path toward ₹600+ in the coming months. **************Fundamental Analysis*************** 1. Company Overview Incorporated in 1988, ASK Automotive Ltd is one of India’s largest manufacturers of Advanced Braking Systems, supplying critical friction and safety components to leading two-wheeler and four-wheeler OEMs such as Hero MotoCorp, Honda, Suzuki, TVS, Bajaj, and Royal Enfield. The company has diversified into lightweight aluminum precision solutions and EV-compatible products, making it a forward-looking player in India’s auto ancillary space. 2. Industry Analysis India’s auto component industry is projected to grow at a CAGR of 10–12% over the next 5 years, driven by: Increasing domestic vehicle production Strong aftermarket demand Rapid adoption of EVs and hybrid vehicles Export opportunities due to global supply chain realignments Within this context, ASK Automotive’s leadership in braking and aluminum lightweighting places it at the core of this structural growth story. With its 50% market share in 2W braking systems, it stands to benefit significantly from the 2W and EV upcycle. 3. Economic Conditions The broader Indian economy provides a supportive backdrop: GDP growth above 7% ensuring stable demand Falling input inflation, aiding margin expansion Government PLI schemes promoting domestic manufacturing EV policy tailwinds, increasing OEM collaboration opportunities Thus, macroeconomic conditions currently favor sustained growth in the auto ancillary sector. 4. Qualitative Analysis Strengths: Market leader with 50% share in the 2W braking system segment Diversified product portfolio: braking, aluminum, safety cables, and EV components Strong OEM relationships ensuring steady order flow 17 manufacturing facilities across India + 1 JV Strategic partnerships with AISIN (Japan), LIOHO (Taiwan), and FRAS-LE (Brazil) Focused R&D investments in EV and lightweight solutions Weaknesses / Risks: Heavy dependence on the two-wheeler segment (76% of OEM revenue) High P/E valuation limits near-term upside Raw material cost volatility could impact margins Export contribution (5%) remains relatively small 5. Quantitative Analysis Compounded Growth Ratios: Sales CAGR (3Y): 21% Profit CAGR (3Y): 44% ROE (Last Year): 27% Stock Price CAGR (1Y): 17% ASK Automotive’s growth trajectory reflects consistent expansion in both topline and bottom-line metrics, alongside superior capital efficiency. 6. Past, Present & Future Growth Outlook Past (FY19–FY21): The company faced headwinds due to an industry slowdown and pandemic impact. Sales fell marginally but profitability remained intact, proving operational resilience. Present (FY22–FY25): Strong recovery phase driven by OEM revival, export traction, and margin expansion. FY25 saw record revenue of ₹3,630 Cr with 12% OPM and 27% ROE — its best performance yet. Future (FY26–FY28): ASK Automotive’s focus on EV-compatible lightweighting, thermal management systems, and global JVs positions it for 15–18% CAGR growth. The upcoming Bengaluru plant (₹200 Cr capex) and 9.9 MW solar facility are expected to boost both capacity and sustainability credentials. ASK Automotive represents a rare blend of technical strength, financial soundness, and industry leadership. With a clear growth trajectory, expanding institutional interest, and consistent operational excellence, it holds the potential to become one of India’s top-performing auto ancillary stocks in the coming decade.
NSE:ASKAUTOLTDLong
by TradZoo
#STLTECH: Sleeping Giant in Fibre Space?✨ #MuhuratPick 🪔 CMP: 115.85 📐 Pattern: Symmetrical Triangle on Monthly Chart 🔼 Immediate Resistance: 143 (breakout zone) 🔽 Support Levels: 105 / 95 | Strong support: 82 ❌ Pattern Invalidation: 61.80 (MCB) 🎯 Pattern Target: Triangle height ≈ 251 points from trendline → Potential target = ATH 307+ 🚀 Can Go Big in the Long-Term #DiwaliPick | #STLTECH | #SterliteTech | #DataCentreTheme | #OpticalFibre | #ChartSetup | #LongTerm | #SymmetricalTriangle | #ChartPatterns | #TurnAroundPotential 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
BSE:STLTECHLong
by Stocks_Mario
#MuhuratPick | #Kalamandir: Inverse Head & Shoulders in Play✨ #MuhuratPick 🪔 Celebrate this Diwali with a stock that could bring you festive returns! CMP: 175 🔽 Supports: 163 - 164 / 152 🔼 Resistances: 193 - 202 / 241 ❌ Invalidation Level: 149.50 (Weekly Close Below) ✴️ Breakout Point: Weekly close above the neckline (Pink dotted line) 🎯 Pattern Target: 290+ (+66% from CMP) 📈 All-Time High: 312 🚀 Can Go Big in the Long-Term #InverseHeadAndShoulders | #ChartPatterns | #DiwaliPick | #Investing | #MuhuratTrading | #LongTerm | #PriceAction 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
NSE:KALAMANDIRLong
by Stocks_Mario
Diwali Muhurat Trading Pick - Samvat 2081 - Sector BaseMUHURAT TRADING PICKS SAMVANT 2081 AUTO SECTOR 📊 Script - MOTHERSON ⏱️ C.M.P 📑💰- 181.15 🟢 Target 🎯🏆 - 216 🔵 Target % 🎯 - 16.13 📊 Script - TATAMOTORS ⏱️ C.M.P 📑💰- 835.25 🟢 Target 🎯🏆 - 1040 🔵 Target % 🎯 - 19.69 📊 Script - APOLLOTYRE ⏱️ C.M.P 📑💰- 502 🟢 Target 🎯🏆 - 615 🔵 Target % 🎯 - 18.37 POWER SECTOR 📊 Script - POWERGRID ⏱️ C.M.P 📑💰- 320.8 🟢 Target 🎯🏆 - 383 🔵 Target % 🎯 - 16.24 📊 Script - JSWENERGY ⏱️ C.M.P 📑💰- 679.8 🟢 Target 🎯🏆 - 804 🔵 Target % 🎯 - 15.45 FINANCIAL SECTOR 📊 Script - PFC ⏱️ C.M.P 📑💰- 455.2 🟢 Target 🎯🏆 - 536 🔵 Target % 🎯 - 15.07 📊 Script - HUDCO ⏱️ C.M.P 📑💰- 217.19 🟢 Target 🎯🏆 - 272 🔵 Target % 🎯 - 20.15 📊 Script - PTC ⏱️ C.M.P 📑💰- 182.5 🟢 Target 🎯🏆 - 215 🔵 Target % 🎯 - 15.12 FMCG SECTOR 📊 Script - VBL ⏱️ C.M.P 📑💰- 600 🟢 Target 🎯🏆 - 702 🔵 Target % 🎯 - 14.53 📊 Script - DODLA ⏱️ C.M.P 📑💰- 1181.2 🟢 Target 🎯🏆 - 1384 🔵 Target % 🎯 - 14.65 📊 Script - RADICO ⏱️ C.M.P 📑💰- 2379 🟢 Target 🎯🏆 - 2569 🔵 Target % 🎯 - 7.40 IT SECTOR 📊 Script - NEWGEN ⏱️ C.M.P 📑💰- 1285 🟢 Target 🎯🏆 - 1405 🔵 Target % 🎯 - 8.54 📊 Script - CIGNITITEC ⏱️ C.M.P 📑💰- 1414 🟢 Target 🎯🏆 - 1552 🔵 Target % 🎯 - 8.89 📊 Script - MPHASIS ⏱️ C.M.P 📑💰- 2883.5 🟢 Target 🎯🏆 - 3283 🔵 Target % 🎯 - 12.17 METAL SECTOR 📊 Script - JINDALSAW ⏱️ C.M.P 📑💰- 316 🟢 Target 🎯🏆 - 354 🔵 Target % 🎯 - 10.73 📊 Script - JSL ⏱️ C.M.P 📑💰- 672.3 🟢 Target 🎯🏆 - 766 🔵 Target % 🎯 - 12.23 📊 Script - WELCORP ⏱️ C.M.P 📑💰- 728.65 🟢 Target 🎯🏆 - 794 🔵 Target % 🎯 - 8.23 📊 Script - HINDZINC ⏱️ C.M.P 📑💰- 557 🟢 Target 🎯🏆 - 641 🔵 Target % 🎯 - 13.10 REFINERIES SECTOR 📊 Script - HINDPETRO ⏱️ C.M.P 📑💰- 382 🟢 Target 🎯🏆 - 424 🔵 Target % 🎯 - 9.91 📊 Script - IOC ⏱️ C.M.P 📑💰- 142.89 🟢 Target 🎯🏆 - 161 🔵 Target % 🎯 - 11.25 📊 Script - CHENNPETRO ⏱️ C.M.P 📑💰- 640.7 🟢 Target 🎯🏆 - 734 🔵 Target % 🎯 - 12.71 PHARMA SECTOR 📊 Script - AJANTPHARM ⏱️ C.M.P 📑💰- 3052.55 🟢 Target 🎯🏆 - 3253 🔵 Target % 🎯 - 6.16 📊 Script - MARKSANS ⏱️ C.M.P 📑💰- 290.25 🟢 Target 🎯🏆 - 313 🔵 Target % 🎯 - 7.27 📊 Script - PPLPHARMA ⏱️ C.M.P 📑💰- 268 🟢 Target 🎯🏆 - 300 🔵 Target % 🎯 - 10.67 REALITY SECTOR 📊 Script - OBEROIRLTY ⏱️ C.M.P 📑💰- 1980 🟢 Target 🎯🏆 - 2225 🔵 Target % 🎯 - 11.01 📊 Script - GODREJPROP ⏱️ C.M.P 📑💰- 2883.5 🟢 Target 🎯🏆 - 3198 🔵 Target % 🎯 - 9.83 📊 Script - ANANTRAJ ⏱️ C.M.P 📑💰- 740 🟢 Target 🎯🏆 - 761 🔵 Target % 🎯 - 2.76 HOTELS AND RESTAURANTS SECTOR 📊 Script - INDHOTEL ⏱️ C.M.P 📑💰- 676.3 🟢 Target 🎯🏆 - 750 🔵 Target % 🎯 - 9.83 📊 Script - CHALET ⏱️ C.M.P 📑💰- 870 🟢 Target 🎯🏆 - 973 🔵 Target % 🎯 - 10.59 THESE PICKS ARE FOR PURLY LONG TERM ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. HAPPY DIWALI AND PROSPEROUS NEW YEAR 🎆🧨 Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:MOTHERSONLong
by radha_23
3
MUHURAT TRADING 2k24 - Stocks to Add in Portfolio Happy Diwali Traders !! Here's Diwali Muhurat trading picks for 2024 NSE:SARLAPOLY Sarla Performance Fibers Ltd. engages in the manufacture and distribution of synthetic yarn. The firm also offers wind power generation. It operates through the Yarn and Generation of Wind Power segments. The company was founded on November 23, 1993 and is headquartered in Mumbai, India. Technical View:- On monthly chart it has given a strong breakout on good volume and completed a retest, CMP @94 looks Good to enter for a follow up Move Stop level should be below -50 Target levels are - 150,220,350+ NSE:GODREJAGRO Godrej Agrovet Ltd. engages in the manufacturing and marketing of animal feeds. It operates through the business segments: Animal Feed, Crop Protection, Vegetable Oil, Dairy and Other Business. The Other Business segment includes, seed business, energy generation through windmill, real estate, poultry and cattle breeding businesses. The company was founded in 1992 and is headquartered in Mumbai, India. Technical View:- The monthly chart breakout is good and now forming a Retest Of the zone, you can take a Few quantities on muhurat day but more quantities should only be added on the confirmation of retest only. CMP is 712.80 But for confirmation, we need a weekly candle close above 730 Zone. StopLoss level is 480 Targets are 950,1150,1500+ Note:- Always Use proper Position sizing rules before entering in the trade. Keep Learning, Happy Trading, Enjoy Festival.
NSE:GODREJAGROLong
by SANJAYPATIDAR_
PENIND~~DIWALI PICK >READY FOR STRONG BREAKOUT ?NSE:PENIND PENIND (PENNER INDUSTRIES LTD) DIWALI PICK 2024 CMP 207 Buy on Dips till 150 For Targets🎯222 / 238 / 259 / 285 / 299++ Positional Targets🎯 318 / 336 / 255 / 381 / 395++ Best Wishes of Diwali !! Regards, Harm⭕nics4Life 20/10/2024 =============================================== Technical Setup 1) Rounding Bottom on charts 2) Inverse Head and Shoulder Pattern in formation 3) Placed Strong above 190 levels (Crucial Breakout Zone) 4) At chep valuations 5) Volume addition =============================================== Breakout Chart Positional Chart
NSE:PENIND
by Harmonics4Life
IDFC LTD: DIWALI PICK 2023 Stock is forming higher highs and higher lows which is he basic definition of an uptrend and has given a breakout of 15 years of range in an impulsive manner. The impulse unfolding will have a five structure of which 'Third-wave' is still unfolding. As we already know that Third waves are the wonder to behold, the Stock has a potential to reach 220-240 in the coming 1-2 years. On the downside major support is at 75. Only a sustained closing below 75 will force us for the re-assessment the idea. Until then we are aggressively bullish on the stock for 220-240 zone and beyond that in the coming years. Happy Diwali #Diwali2023
ILong
by TradingSutra
9
IDFC LTD: DIWALI 2023 PICKStock has given a breakout of 15 years of range and rising in an impulsive manner. The impulse will be unfolding into a five structure of which 'Third-wave' is unfolding. An we already know that Third waves are the wonder to behold. Stock has a potential to reach 220-240 in the coming 1-2 years. On the downside major support is at 75. Only a sustained closing below 75 will force us for the re-assessment of the idea. Until then we are aggressively bullish on the stock for 220-240 zone and beyond that in the coming years. Happy Diwali #Diwali2023
ILong
by TradingSutra
Diwali pickHi everyone! As we already know that few months back auto sector has given breakout from its cup & handle pattern, after giving beautiful breakout in last 2 months it has corrected a bit and now taking support near its breakout level. RSI is also giving signals for strength at current level, so the sector to go long this Diwali would be Auto. Now zooming-In, in Auto sector we have to choose stocks which will be major contributor in coming rally. Some stocks like M&M and TVS were the leaders during last up move and gave almost 60-70% rally in last 4 to 5 months, they still have potential to move 30-40% on upper side but it is not suitable for fresh entry as risk to reward will not be suitable. "CUMMINSIND" is one stock looking strong and supposed to lead from front in coming rally in auto sector, it is near its cup & handle breakout level and formed a beautiful triangle pattern, RSI is also giving positive signals. Lower side risk would be only 7% and is supposed to go up to 2000 which would be 70% from current level, i.e., we will be getting risk : reward of 1:10. Stay safe! Happy Diwali.
NSE:CUMMINSINDLong
by sudhanshu_raaz