Get started

Ismt

Bullish Breakout in ISMT LtdA Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:ISMTLTD MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
ILong
by raigvivek
ISMT technically has the Ability to give you Plenty!This analysis is purely Technical. Positive: - Annual Revenue rose 19.1%, in the last year to Rs 2,598.2 Crores. Its sector's average revenue growth for the last fiscal year was 9.5%. - Quarterly Revenue rose 12% YoY to Rs 658.7 Crores. Its sector's average revenue growth YoY for the quarter was -0.6%. - Mutual Fund Holding remained the same in the last quarter at 0%. Negative: - Annual Net Profit fell 96.3% in the last year to Rs 87.7 Crores. Its sector's average net profit growth for the last fiscal year was -53.4%. - Quarterly Net profit fell 99.7% YoY to Rs 8.4 Crores. Its sector's average net profit growth YoY for the quarter was -51.2%. Kirloskar Ferrous Industries Limited (KFIL) acquired majority stake in the Share Capital of the Company(i.e. 51.25%), making ISMT a subsidiary of KFIL w.e.f March 10, 2022. The Company is the largest integrated manufacturer of precision seamless tubes, tubular components, and steels in the Asia Pacific Region. The Company is mainly engaged in manufacturing of seamless tubes and engineering steels. Apart from tubes, ISMT Limited also manufactures a wide range of value added products for each of these industries. These include items such as bearing rings, gear blanks, shifter sleeves, cages for constant velocity joints, swaged & machined axles, threaded and coupled casings, couplings and a host of similar products. The group companies include ISMT North America, Taneja Aerospace and Aviation Limited (TAAL), Structo Hydraulics AB, Sweden and ISMT Europe, Sweden. ISMT has one of the most modern alloy steel plants in India. The factory, located at Jejuri (within a 100 km radius of ISMT's Tube plants) has a capacity of 190,000 MT per annum. The Company is currently using the de-bottlenecking and modernization process to raise its capacity in the immediate future. It plans to increase the 1,55,000 tpa tube capacity to 2,00,000 tpa. Moreover, the steel capacity of the company which is already manufacturing at the rate of 2,40,000 tpa will be raised to 3,50,000 tpa.
Editors' picks
ILong
by CannySunny
11
Pennant breakout in ISMT !!!Before heading towards a trade idea, let me clear you about the pennant chart pattern. ->This pattern is majorly divided into two components 'pole' and 'pennant'. ->This kind of pattern forms when a stock has seen a huge and steep rally which makes a 'pole' component of the pattern. -> After the rally, that particular stock goes into a hibernating period, which we call consolidation. This consolidation phase forms the pennant or flag of the pattern. ->Pennant is generally triangular and is for a short period whereas the flag is rectangular and in for long period. ->In markets, every period has an end when the consolidation phase is over the stock resumes the rally and there is a breakout from the consolidation or the pattern. ->Target is estimated by the pole size, i.e. the previous rally. After consolidating for almost 1yr ISMT has given the breakout from the pennant pattern with thunder volumes which further indicates the strength of breakout. This breakout coincides with the monthly breakout of the huge cup and handle pattern. Strong support for weekly RSI around 40 indicates and also breakout in visible.
ILong
by Chaser30
3