India's Leading Lighting Components maker stock has gvn Breakout
Updated
Hello everyone, i hope you all will be doing good in your trading and your life as well. I have brought another stock which has given small rectangle pattern breakout on daily timeframe, breakout is supported by good daily volume creation on daily chart. Good thing we just found early so we can take entry on right time. Well company is really good with good management track record. Co. enjoys a significant market share for supply of automotive lighting & signaling equipment and rearview mirrors to Two-wheeler and Four-wheeler OEMs. In FY19, they had 27-30% market share of the total 2 Wheeler headlamp market in India, which increased to 30%+ in FY22.
Technicals:-
stock is trading above 200-DEMA.
stock has given bullish crossover in MACD and RSI indicator.
stock has given breakout of Triangle pattern with good volume.
Everything suggesting a bullish momentum in this stock.
NOTE:- I have not put MACD & RSI indicators on chart, but i have done my analysis on these written indicators above.
Market Cap
₹ 3,424 Cr.
Current Price
₹ 1,301
High / Low
₹ 1,314 / 822
Stock P/E
20.7
Book Value
₹ 337
Dividend Yield
1.54 %
ROCE
26.7 %
ROE
20.1 %
Face Value
₹ 10.0
Industry PE
30.4
Debt
₹ 23.1 Cr.
EPS
₹ 63.0
Promoter holding
66.6 %
Intrinsic Value
₹ 892
Pledged percentage
0.00 %
EVEBITDA
11.4
Change in Prom Hold
0.00 %
Profit Var 5Yrs
24.4 %
Sales growth 5Years
6.96 %
Return over 5years
41.5 %
Debt to equity
0.03
Net profit
₹ 166 Cr.
ROE 5Yr
16.5 %
Profit growth
18.6 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Technicals:-
stock is trading above 200-DEMA.
stock has given bullish crossover in MACD and RSI indicator.
stock has given breakout of Triangle pattern with good volume.
Everything suggesting a bullish momentum in this stock.
NOTE:- I have not put MACD & RSI indicators on chart, but i have done my analysis on these written indicators above.
Market Cap
₹ 3,424 Cr.
Current Price
₹ 1,301
High / Low
₹ 1,314 / 822
Stock P/E
20.7
Book Value
₹ 337
Dividend Yield
1.54 %
ROCE
26.7 %
ROE
20.1 %
Face Value
₹ 10.0
Industry PE
30.4
Debt
₹ 23.1 Cr.
EPS
₹ 63.0
Promoter holding
66.6 %
Intrinsic Value
₹ 892
Pledged percentage
0.00 %
EVEBITDA
11.4
Change in Prom Hold
0.00 %
Profit Var 5Yrs
24.4 %
Sales growth 5Years
6.96 %
Return over 5years
41.5 %
Debt to equity
0.03
Net profit
₹ 166 Cr.
ROE 5Yr
16.5 %
Profit growth
18.6 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Note
it has given good entry now it will fly towards our 1st target...Awesome moment in intraday
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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