RADICO - Stock AnalysisRadico Khaitan Ltd. is currently demonstrating robust bullish momentum across various technical indicators, underpinned by strong fundamentals, making it a compelling prospect for investors. In the short term, the one-day analysis reflects a "Strong Bullish" sentiment, with the latest tick indicating a substantial price rise supported by strong trading volume.
The KeltnerBand is "Strong Bullish" with a positive breakout pattern, while the MACD (Moving Average Convergence Divergence) is "Strong Bullish" with a bullish crossover and a Zero line crossover, suggesting a favorable trend. The DonchianBand is "Bullish" with a new high created, implying the possibility of a breakout. The Awesome Oscillator is "Bullish," with a recent bullish reversal and a trend pointing upwards. The MAChannelBand and HighLowMABand are both "Strong Bullish" with positive breakout patterns.
Both the daily and weekly candlestick patterns are signaling "Strong Bullish" sentiment, providing strong technical support. The stock has also encountered significant resistance and support lines, with top points for the Long Term Resistance Line at 1279.25 on November 2, 2023, and the Medium Term Resistance Line at 1279.25 on the same date, with a Medium Term Support Line at bottom points of 1187.35 on October 23, 2023, and 1158.35 on September 25, 2023. These lines serve as crucial reference points for traders and investors.
From a fundamental perspective, Radico Khaitan Ltd. appears undervalued with a Price to Intrinsic Value of 0.762. The company has demonstrated a remarkable increase in its Book Value over the last three years, indicating a strong financial position. The firm also boasts an excellent quarter-over-quarter (QoQ) earnings per share (EPS) growth rate, and while the Piotroski F Score is at a stable value of 5.0, there has been steady growth in EPS over the last four quarters.
Radico Khaitan Ltd. maintains a good Return on Equity of 10.67% and offers a relatively low dividend yield of 0.240%, suggesting a preference for reinvesting profits for further growth. Additionally, there is a short-term positive trend in total sales and net profit, with quarterly sales over the last five years showing an upward trajectory. The company has also experienced a consistent increase in Total Assets over the last three years, reflecting its ongoing expansion and financial stability.
In summary, Radico Khaitan Ltd. presents a compelling investment opportunity with a strong technical outlook and solid fundamental indicators. The stock's recent bullish trends, positive breakout patterns, and continuous growth in various aspects of the business make it an attractive choice for investors seeking potential growth and value in the market.
Go Long above 1284.90
Stop Loss 1166
