Technical - VCP Pattern
Fundamental
past 3 years average sales growth 13.66 %
past 3 years average profit growth 38%
past 3 years average margins growth 12.33%
Current ROE 20.53 %
Average sales growth for the past 3 years is 7.5%. Average profit growth for the past 3 years is 25. Margins have increased by 12% yoy average. A company which is showing accelerated sales, profits and margin usually shows a sign of strength fundamentally, prices can go much higher from here.
There is an immediate resistance at 22270, which the scrip is trying to cross for a couple of dyas. Once it is crossed and the stock remains bullish, the stock may see a level of 26500 in intermediate term
