CARTRADE TECH LTD - The Second Race.As linked below, the previous analysis of this stock achieved all the targets in 4 months. It also with stood the sell off in the markets and reclaimed its trajectory at the first sign of market reversal. These are traits of strong stocks. Technically in Stage 2, this stock could see even higher targets but lets set targets step by step. Timely profit booking is also an art. Today it kissed the previous ATH of 2021. Above that a fresh new trend begins.
Talking about fundamentals:
- Company has a low Debt to Equity ratio
- Healthy long term growth as Net Sales has grown by an annual rate of 25.90% and Operating profit at 46.24%
- With a growth in Net Profit of 48.16%, the company declared Very Positive results in Dec 24
- Infact the company has declared positive results for the last 11 consecutive quarters
- OPERATING PROFIT TO INTEREST(Q) Highest at 17.21 times
- PAT(Q) Highest at Rs 42.69 cr.
- Over the past year, while the stock has generated a return of 109.11%, its profits have risen by 39.4%.
- High Institutional Holdings at 74.79%. These investors have better capability and resources to analyze fundamentals of companies than most retail investors. Their stake has increased by 1.15% over the previous quarter.
