Technical Analysis:
Confirming the Breakouts:
Potential Upside:
Quarterly and Yearly Results & EPS Comparison:
Based on the available information (primarily data up to December 2024):
Latest Quarter Result (December 2024): GMDCLTD reported a rise of 26.39% in consolidated net profit. Sales also increased by 15.80% to ₹653.42 crore.
EPS (TTM - Trailing Twelve Months): The EPS for the trailing twelve months is around ₹20.97 (as per some sources).
To provide a more precise comparison of quarterly and yearly EPS, we would need the specific figures for the most recent quarters and the full financial year ending March 2025, which the company is expected to announce.
Key Factors to Monitor:
- Current Price: ₹354 (Note: Live prices can fluctuate. As of the latest information available, GMDCLTD closed around ₹349.95 on May 16, 2025).
- Targets: Your targets of ₹390 and ₹440 suggest a potential significant upside.
- Cup & Handle Pattern Breakout: This is a bullish continuation pattern, and a breakout suggests a potential move higher.
- Trendline Breakout: Breaking above a significant trendline also indicates potential bullish momentum.
- Time Frame: A 1 to 3-month timeframe is a reasonable expectation for these patterns to play out, assuming the breakouts are sustained.
Confirming the Breakouts:
- Volume: It's crucial to assess if the breakouts were accompanied by a noticeable increase in trading volume. Strong volume adds conviction to the validity of the breakouts.
- Sustainability: Monitor if the price holds above the breakout levels in the coming trading sessions.
Potential Upside:
- Target 1 (₹390): Represents an approximate 10.29% upside from the ₹354 level (or around 11.44% from the ₹349.95 closing price).
- Target 2 (₹440): Represents a more significant potential upside of around 24.29% from ₹354 (or about 25.73% from ₹349.95).
Quarterly and Yearly Results & EPS Comparison:
Based on the available information (primarily data up to December 2024):
Latest Quarter Result (December 2024): GMDCLTD reported a rise of 26.39% in consolidated net profit. Sales also increased by 15.80% to ₹653.42 crore.
EPS (TTM - Trailing Twelve Months): The EPS for the trailing twelve months is around ₹20.97 (as per some sources).
To provide a more precise comparison of quarterly and yearly EPS, we would need the specific figures for the most recent quarters and the full financial year ending March 2025, which the company is expected to announce.
Key Factors to Monitor:
- Breakout Confirmation: Watch for sustained price action above the breakout levels with good volume.
- Upcoming Results: Keep an eye on the full-year results and any further quarterly results announcements, as these can significantly impact the stock price. The board meeting to consider these was held on May 15, 2025.
- Sector Performance: The performance of the mining and minerals sector can also influence GMDCLTD.
- Technical Indicators: Using other technical indicators like RSI and MACD can help confirm the bullish momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.