Triangle pattern breakout seen in HBL POWER stock will blast now

Updated
Hello everyone, i hope you all will be doing good. i have brought a stock which has given breakout of Triangle pattern. Stock name is HBL Power System Ltd and it manufactures and services different types of batteries, e-mobility, and other products.

Business Verticals:-
a) Electronics:

In Railway Electronics company has flagship products, TCAS (Train Collison Avoidance System) for safety and TMS (Train Management System) for efficient track utilization. In 2021, Indian government adopted TCAS as India’s national Automatic Train Protection and named it KAVACH.

b) Defense:
Company manufactures batteries for fighter aircraft, unmanned aerial vehicles, submarine propulsion systems, torpedoes, battle tanks, missiles, artillery fuses and supplies Type 1 batteries for kilo class submarines and Varunasthra torpedo and Type 4 batteries for Scorpene class submarines for the Indian Navy.

c) Batteries:
Company provides industrial batteries to Telecom, UPS, Railways, Solar, Oil and Gas and Power sectors.
Lead Acid Batteries -
Indian Army awarded a defense order in FY22 for 2V VRLA batteries for its Data Center application. Additionally, it received orders from OEs and EPCs for NCPP and VRLA batteries for a number of Metro Rail projects. Company gained traction in Africa with export of 12V UPS batteries and concentrated on commercial exports and provided batteries for other international projects.
Tubular Gel Batteries -
HBL received a purchase order for 312 communities' electrification using tubular gel batteries under a government initiative.
Pure Lead Thin Plate Batteries -
Company is a partner to STTelemedia for the supply of PLT batteries for existing and upcoming Data Centres. It also bagged an order from COLT, Data Centre for PLT batteries and positioned PLT as preferred batteries for Data Centres at Reliance. The Company has supplied PLT batteries for battle tank engine cranking application to the Indian Army

Market Cap
₹ 17,408 Cr.
Current Price
₹ 628
High / Low
₹ 628 / 165
Stock P/E
57.9
Book Value
₹ 44.0
Dividend Yield
0.08 %
ROCE
34.4 %
ROE
27.7 %
Face Value
₹ 1.00
Industry PE
37.0
Debt
₹ 67.5 Cr.
EPS
₹ 10.1
Promoter holding
59.1 %
Intrinsic Value
₹ 114
Pledged percentage
0.00 %
EVEBITDA
39.1
Change in Prom Hold
0.00 %
Profit Var 5Yrs
66.1 %
Sales growth 5Years
12.0 %
Return over 5years
90.4 %
Debt to equity
0.06
Net profit
₹ 280 Cr.
ROE 5Yr
12.0 %
Profit growth
209 %
Earnings yield
2.55 %

Disclaimer:-
Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Note
HBL POWER is showing its power
snapshot
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