This Railway stock has given Neckline breakout of W patternHello everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a Railways stock which has given a breakout of W pattern. Stock name is Texmaco Rail & Engineering Ltd and it is an engineering infrastructure co. & part of the Adventz Group, The co. is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures.
Stock is giving best discounted entry at these levels. As it has given successfully falling resistance trendline Breakout and formed double bottom kind of pattern and now price has given breakout of neckline as well, Good thing is that stock is trading above to neckline breakout. Company has got some order also worth it 140+ cr. All these parameters suggesting stock should give some positive momentum in near term. I have written all the levels on chart please go through. Overall stock is good for trading in short term and investing in long term, choice is yours.
Fundamental Ratio
Market Cap
₹ 9,155 Cr.
Current Price
₹ 229
High / Low
₹ 297 / 142
Stock P/E
44.1
Book Value
₹ 67.1
Dividend Yield
0.22 %
ROCE
10.6 %
ROE
5.71 %
Face Value
₹ 1.00
Industry PE
44.9
Debt
₹ 938 Cr.
EPS
₹ 5.25
Promoter holding
48.1 %
Intrinsic Value
₹ 62.7
Pledged percentage
0.00 %
EVEBITDA
21.2
Change in Prom Hold
0.00 %
Profit Var 5Yrs
8.85 %
Sales growth 5Years
13.5 %
Return over 5years
49.0 %
Debt to equity
0.35
Net profit
₹ 209 Cr.
ROE 5Yr
3.67 %
Profit growth
204 %
Earnings yield
4.32 %
PEG Ratio
4.98
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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