RAYMOND - AnalysisRaymond Ltd. is currently showing strong signs of bullish momentum in the market, backed by various technical and fundamental indicators. The one-day analysis reveals a strong bullish sentiment with a significant price rise supported by robust trading volume. The Parabolic SAR (PSAR) is bullish, indicating a crossover that supports the upward trend. HighLowBand and HighLowMABand indicators are both strongly bullish, signaling a positive breakout. The daily candlestick pattern is also displaying a strong bullish signal.
Raymond Ltd. has encountered notable resistance levels in the short term, with top points at 1813.4 on November 2, 2023, 1805.05 on October 17, 2023, 1810.65 on October 10, 2023, and 1812.2 on September 28, 2023. These resistance levels provide additional evidence of the stock's potential for an upward breakout and may serve as important reference points for traders and investors.
In terms of short-term resistance, Raymond Ltd. has faced several key points, with the latest being at 1813.4 on November 2, 2023. This suggests that the stock is poised for further potential upside. Furthermore, the company's Price to Earnings Ratio is at an attractive 7.47, and the EV to EBITDA ratio stands at 6.07, indicating that the company may be undervalued. This undervaluation is reinforced by the Price to Intrinsic Value ratio of 0.768 and an impressive Piotroski F Score of 8.0, highlighting the company's excellent financial health.
Raymond Ltd. has delivered a remarkable Earning Yield of 13.38% and has demonstrated excellent quarter-over-quarter (QoQ) earnings per share (EPS) growth. Over the past year, the company has achieved a strong Return On Equity of 56.76%. The annual net profit has been on a consistent upward trajectory over the last three years, and the net profit has increased for the last five consecutive quarters. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) has shown steady growth over the past three years, while EPS has exhibited consistent growth over the last four quarters.
The company maintains a good Return On Capital Employed of 10.38% and a healthy net margin of 18.33%. However, it's important to note that Raymond Ltd. offers a relatively low dividend yield of 0.170%, indicating a focus on reinvesting profits for growth. Additionally, the company's debt-to-equity ratio has decreased and is currently at its lowest point in the last five years, suggesting improved financial stability.
Notably, the year-over-year net margin has experienced a significant jump of 46.55%, reflecting the company's improving profitability. Furthermore, there has been a consistent increase in total assets over the past three years, indicating a steady expansion of the company's overall financial strength. All these indicators collectively suggest that Raymond Ltd. is on a strong growth trajectory, making it an attractive prospect for investors seeking undervalued stocks with solid fundamentals and technical strength.
Go Long above 1819.95
Stop Loss 1641
