HDFC Bank: Massive Multi-Year Cup-and-Handle BreakoutHDFC Bank is showing a very bullish multi-year Cup-and-Handle breakout. Price has finally broken above the long-term horizontal resistance zone and is now retesting it as support. This stock is also in majority of mutual fund's top holdings, so this makes it a safer bet.
Longterm
KAZIA THERAPEUTICS LTD SPONSORED ADRKZIA made double bottom with divergence with good volume and breakout at $4.45 with first target of $22.5, if and second target of $41.7 and with can expect strong resistance at $41.7 and reverse might happen. If KZIA did breakout at this level we can expect rally till $79.
Analysis is made on weekly time fame for long term view
It is just my chart analysis upto best of my knowledge. As it is share market anything happen because market effects on many things happen in the world.
Thank you
#UNIVPHOTO: Reversal Alert at Falling Channel Midline!CMP: 286
UnivPhoto found support ✅ & bounced strongly off the mid-line of the falling channel (245–266 zone), forming a textbook Morning Star on the weekly chart — a classic bullish reversal! ⭐️🔥
Now testing key resistance 310–337 + downtrend line. A breakout could fuel a rally to 484 → 747/818 → 988 (ATH) 🚀🚀
Could this be the end of the multi-year downtrend? Watch closely! 👀✨
#UNIVPHOTO #MorningStar #CandleStickPattern #PriceAction #LongTerm #Investing
📌 #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.
#MANINDS: Big Weekly Breakout Loading!CMP: 464.40
A large weekly cup-and-handle is taking shape, with a strong bullish candle signaling a breakout attempt.
🛡 Supports: 437 / 523 – 413 / 380 – 367
🚧 Resistances: 469 / 513 (ATH)
⚡️ Breakout Trigger: WCB above 469
🎯 Pattern Targets: 578 / 740+ (~26% & ~62% from CMP)
⛔ Negation: WCB below 340.90
#ManInds #CupAndHandle #ChartPattern #PriceAction #Breakout #LongTerm
📌 #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.
#INDUSTOWER – Bullish Pennant on Monthly Chart#IndusTower | CMP: 402.20
A strong vertical rally built the pole , and price is now compressing inside a tight bullish pennant right below a multi-year resistance zone. Consolidation is nearly complete — big move loading .
🛡 Supports: 339–335 / 313–309 (Major Zone)
🚧 Resistances: 430 / 460 / 500 (ATH)
Dips toward 335 can be considered.
🎯 Pennant Breakout Targets (Pole Projection):
• 560
• 730+ (~ 78% from CMP)
A breakout above 500 could trigger the next explosive leg up.
🚀 High-probability bullish continuation setup. 🔥
#IndusTower #BullishPennant #PriceAction #ChartPattern #SwingTrading #LongTerm
📌 #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.
#ANGELONE: Big Swing Setup Inside Falling Channel#AngelOne | CMP: 2,793.40
Trading inside a falling channel , after a successful retest of the 1949–2022 breakout zone .
Dips toward 2,341 can be considered.
🛡 Supports: 2133–2101 / 2022–1949 (Major Zone)
🚧 Resistances: 3285 / 3503 / 3896 (ATH)
🎯 Falling Channel Target post Breakout: ~4,900 (+77% from CMP)
As long as 1,949 holds , structure stays bullish .
Massive swing opportunity forming. 🔥
#AngelOne #FallingChannel #ChartPattern #CandlestickPattern #PriceAction #SwingTrading
📌 #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.
#GRMOVER: Rounding Bottom Breakout in Play!🚨 Monthly chart shows a classic rounding bottom breakout brewing!
Clear break above 498 MCB with strong momentum is needed to confirm the bullish continuation.
CMP: 481.40
🚧 Immediate Resistance: 498
🛡 Key Supports: 434 / 366 - 338 / 289 - 264
🎯 Targets: 935. Beyond that, sky’s the limit!
⚠️ Stay above the negation level to keep the bullish run intact.
#GRMOVER #RoundingBottom #ChartPatterns #PriceAction #LongTerm #Investing
📌 #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.
Astral on the Verge: Technical Breakout & Investment Zones MappeAstral Limited : CMP: 1557.30: After studying its monthly chart structure and weekly Elliott Wave formations. Recent price action suggests a potential breakout setup, offering opportunities for both aggressive traders and patient investors.
Entry for Aggressive Traders:
• Aggressive traders can look for a breakout above the recent swing high near 1,579, as marked on both the monthly and weekly charts. This level has already shown strong momentum, with a notable price jump of +7.39% in the recent candle.
• Targets: 1630, 1725, 1795, 1935, 2200. Use trailing stop-loss: 1500, 1625, 1710, 1790, 1900 as you move up. Manage risk and adjust stop-loss as per levels.
Conservative Entry for Investors
• Investor Entry: Investors may enter on reasonable dips towards 1,440–1,460 support zone, as this range aligns with previous resistance turned support and is less volatile. Alternatively, entry after confirmation of the breakout above 1,579 with sustained volume is also suitable.
• Targets: Investors: Enter between 1,440–1,460. Targets: 1,935 and 2,200 for the medium term.
These represent major Fibonacci retracement zones and historical resistance levels, suggesting strong probability of acting as future price objectives. Investors can use a wider stop near 1,230 based on weekly chart support.
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DMART LONGDMART (Avenue Supermarts) has reached a strong trend support level. Additionally, in the daily timeframe, the current candle closed at the previous day's candle level.
Therefore, we can go long in DMART for a swing trade. Fundamentally, the quarterly results are already out, so there is no immediate issue regarding upcoming events.
Go long on DMART, but make sure to manage your trade quantity, risk, and reward based on your risk appetite. This is for educational purposes only and does not guarantee returns.
#TGVSL | Rounding Bottom on Monthly📊 CMP: 120
⚙️ Setup: Second Rounding Bottom forming - eyeing breakout above 182 (ATH)
🛡 Supports: 115 / 92–88
🚧 Resistances: 126 / 142 / 166 / 182
❌ Invalidation: Below 70 (MCB)
If 182 breaks with volume - next leg could mirror the 2021 move! 🚀
🎯 Pattern Target: 182 / 285+ (+59% from ATH breakout / +140% from CMP)
#TGVSL #PriceAction #RoundingBottom #LongTerm
📌 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.
PAYTM LONG TERM INVESTING IDEAPAYTM on weekly chart has now stopped falling further and now consolidating on the lower levels.
Current price level is good to enter and we can add further at around 450 level.
Stop loss can be put around 400 or trail using 20/50 EMA.
This is a LONG term and a bit risky bet but if you have faith in paytm's fundamentals these are really good levels ;)
HYUNDAI IN STRONG BUY ZONEHyundai Motors India reach at dual strong buy zone area to consider as a long trade, use your skill as well knowledge to enter in a trade not guaranteed return. Do your own research than make a trade. But technically and fundamentally Hyundai is in good spot to consider as a long trade.
Long Term Buy #GMRCurrent market Price: ₹153.35
Key Technical Analysis Points
"Major Breakout Achievement"
The stock has successfully broken out of a 16-year resistance level around ₹101.73, which had been a significant barrier since the 2009 highs.
Previous ATH : ₹111.17
- Target 1: ₹125.86
- Target 2: ₹153.35
Key support : ₹101.73 (former resistance, now support)
**Long-term Pattern**: The chart shows a classic long-term consolidation pattern from 2009-2023, followed by a strong breakout and retracement that successfully held above the breakout level.
Conservative Trader can Initiate buy above ₹101.73 Breakout.
The stock experienced significant highs around 2009-2010, followed by a prolonged bear market and consolidation phase lasting over a decade. The recent breakout suggests a potential new bull cycle for the airport infrastructure company.
#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.
#RGL – Ascending Triangle Breakout Loading?CMP: 135.50
Setting up for a potential bullish breakout with a classic Ascending Triangle pattern on the monthly chart , following a strong prior uptrend.
🔹 Overhead Resistances: 146 / 177 / 207
🔹 Breakout Confirmation Level: 218
🔹 Support Zone: 103 – 99
🔹 Pattern Target: 335+
🔸 ~68% upside from breakout level
🔸 ~150% upside from CMP (135)
📉 Pattern Invalidation Level: 80 MCB
📈 A sustained breakout above 218 (monthly close) may open the gates for a strong move towards 335+. Patience is key on monthly patterns, but reward could be worth the wait.
#RGL | #RenaissanceGlobal | #AscendingTriangle | #ChartPatterns | #LongTerm
📌 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.
WTI Crude Oil – Dual Falling Wedges in Play!🛢️ #WTICrudeOil
CMP: $58.25
🟡 S maller Falling Wedge (Yellow)
• Breakdown candle formed
• Breakdown confirmation on weekly close below $58.22 (low of breakdown candle)
• Target: $52.71
• Converges with key price action support zone at $52.48–50.55
• Also aligns with long-term wedge trendline support
🟣 Larger Falling Wedge (Purple)
• Still intact
• Bullish Breakout confirmation: Weekly close above $77.57
🔽 Support Levels
• Immediate: $55.15
• Zones: $52.48–50.55, $45.04–42.93
🔼 Resistance Levels
• Immediate: $58.35
• Zones: $60.68, $61.45–61.96, $63.98–66.42
⚠️ Outlook
Short-term bias remains bearish , watching for a weekly close below $58.22 to confirm breakdown.
Long-term bullish reversal possible only above $77.57 (WCB) .
#CrudeOil | #WTI | #OilChart | #ChartPatterns | #FallingWedge | #PriceAction | #Commodities
📌 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.
ApolloMicro SystemsApollo Micro Systems (AMS) is an Indian defense and aerospace electronics company poised for growth due to strong order books and expansion plans.
Apart from the Fundamentals, from Technical Point of view based on previous high breakout, stock has reached the Fibo Extension of 325.95. and its the Major Resistance.
Its a buy on dip candidate for a short to long term Investment stock,
with next target of 448.75 / 524.65.
NMDC setting the stage for RALLYNMDC looks to be setting up for a potential impulsive rally after completing a corrective wave. The structure suggests strength, with protective levels clearly defined.
🧩 Elliott Wave Structure
• We can see a completed 5-wave move up earlier this year (Wave 1).
• That was followed by a healthy correction (Wave 2), which retraced close to 50% of Wave 1 — a textbook retracement zone.
• Now, price action is forming a new Wave 3 setup, which tends to be the strongest move in Elliott Wave cycles.
📈 Key Levels to Watch
• Current Price: ₹75.87
• Immediate Support: ₹73.60 – ₹73.37 zone
• Protective Stop: ₹71.45 (below recent swing low, Wave 2 invalidation area)
• Upside Path: If price sustains above ₹76, we may see a quick move towards ₹80–82 first, and eventually ₹85+ in the coming weeks.
🔍 Technical Indicators
✅ RSI is rising and trading around 66, showing bullish momentum but still shy of overbought levels.
✅ Moving averages are sloping upward, supporting the bullish bias.
✅ Volume spikes on green candles indicate strong participation from buyers.
📊 Possible Scenarios
1. Bullish Continuation: A breakout above ₹76 could trigger momentum buying, leading to higher targets quickly.
2. Pullback Before Rally: Price may retest the ₹73–74 zone before resuming the uptrend — a healthy retest would make the rally stronger.
Protective stop is marked near ₹71.45. If price falls below this, it may indicate that the wave structure has failed, and deeper correction could follow.
⸻
Disclaimer:
This analysis is for educational purposes only and not investment advice. Please consult a SEBI-registered financial advisor before making any trading or investing decisions.
RELAXO SMART MONEY ENTERED UPMOVE EXPECTEDRELAXO SMART MONEY ENTERED UPMOVE EXPECTED
In this one can clearly See the power of smart money, large volume are moving the stock at every point from past
Wave1 Completed on a bigger time frame
Wave 2 Corrective wave retraced approx 0.786 from the top
For Wave 3 confirmation faster impulsive move required , else it may enter further complex correction.
Let's see how it goes this time .
Elliott wave Rocks
#Dabur ending correction soon?Dabur can be a good pick if you are looking for some medium-term investment in sometime, as the ongoing correction looks to be in the last stage of it impulse.
We may then possible see it soaring higher.
P.S. Always trade on price confirmation.
**This is an educational market outlook, not investment advice. Please consult a SEBI-registered advisor before taking any investment decisions.**
JSW-INFRA : Powering India’s Port Revolution – A Deep Dive into NSE:JSWINFRA
JSW Infrastructure Ltd.
🧾 Company Overview
Role: JSW Infrastructure is India's second-largest commercial port operator (after Adani Ports), and forms a core part of the JSW Group.
Operations: The company manages and operates major ports across both the east and west coastlines of India.
Revenue Streams: Primarily driven by port operations (handling bulk, breakbulk, containerized cargo), as well as integrated logistics services.
📊 FY24 Financial Snapshot
Revenue ₹3,200+Cr
EBITDA Margin 55–60%
Net Profit ₹750+Cr
Debt to Equity ~0.6x
ROCE ~15%
ROE ~13%
Positive aspects:
Asset Turnover Strong
Double-digit revenue CAGR (>20%) over the past three years.
High EBITDA margins consistent with best-in-class infra businesses.
Well-diversified cargo and customer profile, with increasing non-JSW business.
Stable long-term contracts & beneficiary of India’s logistics and trade reforms.
Risks / Weaknesses:
~70% revenue is from group companies, though diversification is underway.
Aggressive capex plans elevate financial risk.
Susceptible to regulatory, tariff, and environmental compliance changes.
📈 Technical Analysis (July 2025)
• Share Price: Trading in the ₹260–₹280 range. IPO was at ₹119 (Sep 2023); strong price appreciation since listing.
• Trend: Intact uptrend; recently consolidated between ₹240–₹260.
• Support/Resistance: Key support at ₹230–₹235; resistance at ₹285–₹300.
• Moving Averages: Stock remains above both its 50-EMA and 200-EMA — a structurally bullish indicator.
• Momentum:
o RSI: 60–65 (bullish, but approaching overbought)
o MACD: Fresh bullish crossover; volume shows accumulation near breakout.
• Outlook: Breakout above ₹285 could trigger medium-term upside toward ₹320–₹340. Buy-on-dips is favored, with strong accumulation likely in the ₹230–₹240 zone.
🚀 Growth Prospects & Strategic Moves
• Capacity Expansion: Plans to nearly double port capacity by FY30 (from ~160 MTPA to ~300 MTPA).
• Cargo Diversification: Targeting major reduction of group dependency (from ~70% to ~50%) by growing third-party cargo traffic.
• New Projects: Investment pipeline includes both greenfield and brownfield projects in Odisha, Maharashtra, and other states.
• Integrated Logistics: Deeper backward integration into rail connectivity and warehousing to capture higher value from logistics value chain.
• Macro Tailwinds
o Major government initiatives (e.g., Sagarmala) catalyzing sector growth.
o India’s trade/exports rising; strong outlook for cargo and container volumes.
o Shifts in supply chains to coastal shipping and blended logistics.
o Demand uptrend in containerization and warehousing services.
⚠️ Key Risks & Limitations
• High Capex Cycle: Expansion could elevate debt and financial leverage.
• Macro Sensitivity: Lower industrial/output growth would hit cargo volumes.
• Regulatory Overhang: Tariff and ESG regulations present chronic uncertainty.
• Group Concentration: Third-party cargo growth remains an execution challenge.
• Rivalry: Competitive intensity from Adani, DP World, and others is ramping up.
📌 Conclusion & Investment Verdict
Parameter Verdict
Fundamentals Strong, superior margins, efficient operations
Valuation Fair to premium (due to uptrend and growth)
Technical Trend Bullish, ready for potential breakout
Growth Outlook High (supported by sector tailwinds)
Risk Profile Moderate (driven by capex & regulatory factors)
For long-term investors:
JSW Infra presents a compelling case for portfolio inclusion, offering robust growth visibility, sectoral leadership, and operating excellence. Accumulation is best near ₹230–₹240 on dips.
Short-term view:
Stocks in strong uptrends may see minor corrections but are well-placed for fresh breakouts above ₹285, targeting ₹320–₹340.
The stock is ideal for investors seeking infrastructure-sector exposure with high growth potential, but one must remain mindful of execution and regulatory risks.
==============================
==============================
⚠️ Disclaimer:
This analysis is for educational and informational purposes only.
We are not SEBI-registered analysts or advisors.
This is our personal view based on available data and market trends.
Please consult your SEBI-registered investment advisor before making any investment or trading decisions.
You are solely responsible for any financial decisions you make based on this content.
========================
Trade Secrets By Pratik
========================
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JSW INFRA : Powering India’s Port Revolution – A Deep Dive into
NSE:JSWINFRA
JSW Infrastructure Ltd.
🧾 Company Overview
Role: JSW Infrastructure is India's second-largest commercial port operator (after Adani Ports), and forms a core part of the JSW Group.
Operations: The company manages and operates major ports across both the east and west coastlines of India.
Revenue Streams: Primarily driven by port operations (handling bulk, breakbulk, containerized cargo), as well as integrated logistics services.
📊 FY24 Financial Snapshot
Revenue ₹3,200+Cr
EBITDA Margin 55–60%
Net Profit ₹750+Cr
Debt to Equity ~0.6x
ROCE ~15%
ROE ~13%
Positive aspects:
Asset Turnover Strong
Double-digit revenue CAGR (>20%) over the past three years.
High EBITDA margins consistent with best-in-class infra businesses.
Well-diversified cargo and customer profile, with increasing non-JSW business.
Stable long-term contracts & beneficiary of India’s logistics and trade reforms.
Risks / Weaknesses:
~70% revenue is from group companies, though diversification is underway.
Aggressive capex plans elevate financial risk.
Susceptible to regulatory, tariff, and environmental compliance changes.
📈 Technical Analysis (July 2025)
• Share Price: Trading in the ₹260–₹280 range. IPO was at ₹119 (Sep 2023); strong price appreciation since listing.
• Trend: Intact uptrend; recently consolidated between ₹240–₹260.
• Support/Resistance: Key support at ₹230–₹235; resistance at ₹285–₹300.
• Moving Averages: Stock remains above both its 50-EMA and 200-EMA — a structurally bullish indicator.
• Momentum:
o RSI: 60–65 (bullish, but approaching overbought)
o MACD: Fresh bullish crossover; volume shows accumulation near breakout.
• Outlook: Breakout above ₹285 could trigger medium-term upside toward ₹320–₹340. Buy-on-dips is favored, with strong accumulation likely in the ₹230–₹240 zone.
🚀 Growth Prospects & Strategic Moves
• Capacity Expansion: Plans to nearly double port capacity by FY30 (from ~160 MTPA to ~300 MTPA).
• Cargo Diversification: Targeting major reduction of group dependency (from ~70% to ~50%) by growing third-party cargo traffic.
• New Projects: Investment pipeline includes both greenfield and brownfield projects in Odisha, Maharashtra, and other states.
• Integrated Logistics: Deeper backward integration into rail connectivity and warehousing to capture higher value from logistics value chain.
• Macro Tailwinds
o Major government initiatives (e.g., Sagarmala) catalyzing sector growth.
o India’s trade/exports rising; strong outlook for cargo and container volumes.
o Shifts in supply chains to coastal shipping and blended logistics.
o Demand uptrend in containerization and warehousing services.
⚠️ Key Risks & Limitations
• High Capex Cycle: Expansion could elevate debt and financial leverage.
• Macro Sensitivity: Lower industrial/output growth would hit cargo volumes.
• Regulatory Overhang: Tariff and ESG regulations present chronic uncertainty.
• Group Concentration: Third-party cargo growth remains an execution challenge.
• Rivalry: Competitive intensity from Adani, DP World, and others is ramping up.
📌 Conclusion & Investment Verdict
Parameter Verdict
Fundamentals Strong, superior margins, efficient operations
Valuation Fair to premium (due to uptrend and growth)
Technical Trend Bullish, ready for potential breakout
Growth Outlook High (supported by sector tailwinds)
Risk Profile Moderate (driven by capex & regulatory factors)
For long-term investors:
JSW Infra presents a compelling case for portfolio inclusion, offering robust growth visibility, sectoral leadership, and operating excellence. Accumulation is best near ₹230–₹240 on dips.
Short-term view:
Stocks in strong uptrends may see minor corrections but are well-placed for fresh breakouts above ₹285, targeting ₹320–₹340.
The stock is ideal for investors seeking infrastructure-sector exposure with high growth potential, but one must remain mindful of execution and regulatory risks.
==============================
==============================
⚠️ Disclaimer:
This analysis is for educational and informational purposes only.
We are not SEBI-registered analysts or advisors.
This is our personal view based on available data and market trends.
Please consult your SEBI-registered investment advisor before making any investment or trading decisions.
You are solely responsible for any financial decisions you make based on this content.
========================
Trade Secrets By Pratik
========================
Parabolic Reload? Base 2 Brewing on BCLIND—Will History Repeat?#Update | 🔍 #OnRadar
#BclInd (BCL Industries Ltd.)
📈 Base 2 Brewing—Will History Repeat?
CMP: 47.09
📌 Previous Discussion Recap:
Previously highlighted #BCLIND around 32 with a support zone near 27. The stock made a low of 27.61 and then rallied up to 86.25 (pre-stock split 1:10) — a significant move.
Technical View — Monthly Chart (Educational Purpose Only):
BclInd is showing signs of continuation of the #ParabolicMove . Earlier, it broke out from #Base1 at 19.57 and rallied up to 52.50 — an impressive ~270% move in just 10 months .
Currently, it appears to be forming #Base2 structure.
📌 Confirmation Level: Monthly close above 86.25 (ATH) may validate the continuation of the move.
🧐 Will the parabolic momentum resume?
If the parabolic structure repeats, this could evolve into a strong long-term breakout — worth tracking closely.
⚠️ Disclaimer: This is not a buy/sell recommendation. Please consult your financial advisor before making any investment decisions. This post is purely for educational and observational purposes.
#TechnicalAnalysis | #PriceAction | #ParabolicCurve | #LongTerm
G G Automotive Gears Ltd One-Page Equity ResearchInvestment Thesis – BUY | Target Price ₹300 | Upside ~24%
India’s only listed pure-play traction–gear specialist with 50-year pedigree and >500 OE customers
Rail & Metro orders at record high; Indian Railways raising locomotive build plan by 27% for FY26, driving multi-year volume visibility
Successful diversification into wind-energy, mining & industrial forgings lowers cyclicality and lifts blended margins
Balance-sheet repair complete; net-debt / equity down to 0.53× vs 1.52× in FY23
Snapshot (Standalone)
CommentRevenue (₹ Cr)95.377.336%
EBITDA Margin12.7%10.0%
PAT (₹ Cr)4.431.9497%
EPS (₹)5.322.4544%
ROCE14.9%8.2%
P/E (TTM)26.5×
Market Cap₹ 241 C
Valuation & Target
We apply 32× FY26E EPS (₹9.4) – a 30% discount to peer Elecon (45×) to reflect smaller scale but superior growth trajectory.
Derived Target Price ₹300 (prior ₹241 close), implying 24% upside plus optionality from export traction gears.
Key Catalysts
Indian Railways 100% electrification → higher demand for reduction gearboxes
Metro build-out (20+ cities) – first export order executed FY24 proves capability
Unit-III & IV capacity added FY24 (+30k sq ft) unlocks 35% volume expansion without major capex
Potential government PLI scheme for rail components may grant 6% incentive on sales (not in model).
Risks to Thesis
Lumpy order inflow from Railways could stretch working capital
Alloy-steel price spikes may compress gross margin; 65% raw-material cost is steel
Customer concentration: top-three PSU units >55% of revenue
Small free float → liquidity risk in sharp market Initiate BUY with ₹300 target; accumulate on dips toward ₹220. Recommend watch on quarterly order-book disclosures for traction confirmation.






















