Nibe Ltd - Defence sector - Cup & Handle formationCompany is engaged in the business of Fabrication and Machining of components used in Defence Sector as well as assembly of components of E Vehicles.
Promoter increased stakes
DII increased stakes
Public shareholding reduced
Reduction in debtor days, inventory days, cash conversion cycle, working capital
Positive Operating cashflow
Low Debt
PE, PB, EV/EBITDA, Mcap/sales all valuations are favourable in comparison with historical valuations.
Company expecting good quarter. Cup and handle formation. Good Breakout candle with volume in daily chart. 35-50% upside potential. Defence sector is already on fire.
