DLINK INDIA: A major beneficiary from Data Center theme. Interesting setup in DLINK-INDIA: Current Price ₹ 420
Dlink is a very well known name in the Internet hardware industry and we all have our DLINK modems at home or offices. Not just that the company has a vast product line that rages from Home to Businesses like Switching, Security cameras, Networking and accessories.
I want to draw the attention to the crazy interesting fundamentals in addition to the technicals i have shared.
Market Cap: ₹ 1,492 Cr. Sales: ₹ 1,341 Cr. Enterprise Value: ₹ 1,462 Cr.
High / Low: ₹ 729 / 295
Stock P/E: 14.8 Industry PE: 28.2
Debt to equity: 0.01
ROCE : 29.5 %
ROE: 22.3 %
Debt: ₹ 5.61 Cr.
Equity capital ₹ 7.10 Cr.
EPS: ₹ 28.3
Current ratio: 2.81
Pledged percentage: 0.00 %
These are essentially the parameters that any big investor with heavy buying capacity would look at. A no debt company with aggressive ROCE & ROE with a bright future ahead.
The stock is heavily corrected, see this as a sale and it has all the potential to go back to 700+ levels because investors will buy these companies first. Now it is forming Inverse Head and Shoulder pattern that can result to target of 550+
Again, these are my ways of understanding so I can't give any buy of sell recommendation. Please consult your financial advisors, they might agree too:)
Do boost the post, if you get value from it.
