Indo Count Industries LtdDate 13.10.2024
Indo Count Industries
Timeframe : Day chart
Healthy Fundamentals ::
Market Cap ₹ 7,159.66 Cr II Enterprise Value ₹ 7,986.50 Cr
No. of Shares 19.81 Cr II P/E 21.56
P/B 3.37 II Div. Yield 0.61 %
Book Value (TTM) ₹ 107.37 II CASH ₹ 87.25 Cr
DEBT ₹ 914.09 Cr II Promoter Holding 58.74 %
EPS (TTM) ₹ 16.77 II Sales Growth 19.71%
ROE 16.80 % II ROCE 17.87%
Profit Growth 34.49 %
Technical Remarks ::
1 Chart Pattern : right angled ascending broadening wedge (High Volatile pattern)
2 200 ema is confluence with support zone/base of broadening wedge
3 RSi channel breakout is another positive confirmation
4 If breaks out and resume broadening pattern then very positive for 20-30% of upside
5 Allow it to resume or move above base as well as support trend for longs
Remarks,
Ankur