Hello Guy's i hope you all will be doing good in your life and your trading as well, i have brought another stock which has given breakout of triangle pattern and price is sustaining above the breakout zone, stock has given huge volume spike while breakout, it means there is higher probability for upside from here, short term to long term bet can be bet from here. Stock was consolidating in Triangle pattern from long time, finally it has given breakout with huge volume.
Technicals:- MACD AND RSI is showing bullish crossover (I have not put indicators here, but i have done analysis on that) Price is above 200-DEMA in all major timeframes. Good spike in volume supporting the breakout
Market Cap ₹ 8,385 Cr. Current Price ₹ 615 High / Low ₹ 647 / 377 Stock P/E 23.5 Book Value ₹ 174 Dividend Yield 1.02 % ROCE 21.2 % ROE 16.0 % Face Value ₹ 1.00 Industry PE 33.8 Debt ₹ 16.5 Cr. EPS ₹ 26.2 Promoter holding 43.2 % Intrinsic Value ₹ 326 Pledged percentage 0.00 % EVEBITDA 12.9 Change in Prom Hold -0.03 % Profit Var 5Yrs 6.55 % Sales growth 5Years 9.01 % Return over 5years 11.3 % Debt to equity 0.01 Net profit ₹ 394 Cr. ROE 5Yr 16.8 % Profit growth 33.2 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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