GNA - Weekly Congestion and price squeezedFormation of Vcp 3 pattern along with squeezed price action, increasing sales and less PE gives more room for upmoveLongby Karthikeyanb85Published 0
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 5 to 10 Days Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Thinkby AnsariTVPublished 0
GNA Axles Limited Going Towards Its All TIME HIGH's NSE:GNA GNA Axles is engaged in the Business of manufactures auto components for the four-wheeler industry, primary product being Rear Axles, Shafts, Spindles & other Automobiles Components for sale in domestic and foreign market. .................................................................................................................. .................................................................................................................. .................................................................................................................. Key strengths Extensive experience of promoters/management and long track record of operations GNA was promoted by Late Rachhpall Singh and his brother Gursaran Singh, the latter being the company’s current managing director with around five decades of industry experience. His son, Ranbir Singh, and other family members are also involved in the company’s day-to-day business activities. The company directors are assisted by a team of professionals who are highly experienced in their respective domains. Being established in 1946, the GNA group, which also includes GNA Gears Limited, has a long track record of operations. ............................................................................... Diversified revenue stream across product segments and geographies The company supplies its products to varied segments of the automotive industry, including commercial vehicles (CV or the onhighway segment), tractors, farm equipment, and earth moving equipment (all three being part of the off-road segment). The company derives significant income from export of its products to the US, Europe, Asia Pacific (Japan and China among others), Mexico, Brazil, and so forth, with exports constituting around 53% of its total operating income (TOI) in FY23 (refers to April 1 to March 31) . The company is a Tier-1 vendor for its supplies in domestic off-road segment, while in the exports markets, it supplies axles and spindles to larger and more established Tier-1 vendors. ................................................................................ Long and established relationship with customers The GNA group has been operating in the auto component industry since 1946, thus having built time-tested relationship with customers – with some ever since the commencement of its operations. Besides, it has been supplying to some of its export customers since 2000. GNA markets its products through the common group marketing network catering a whole range of products, including axles, gears, and shafts under one roof. The long and established relationship with customers provides revenue stability to the company, subject to overall industry demand scenario. .................................................................................... Reputed, though concentrated customer base While GNA faces customer concentration with its top-5 and top-10 customers accounting for around 64% and around 80% of its total gross sales in FY23, the risk is largely mitigated as the top revenue contributors are well-established players and enjoy strong position in the industry. GNA is the main supplier of axle shafts to most of the original equipment manufacturers (OEMs) that it supplies to, and by virtue of its long-standing relationships with the customers, the company has a strong market position. For some of its export customers, the supplies are made by GNA for their plants in various countries, thereby mitigating the risk arising from slowdown in one geographical location. ......................................................................... Comfortable scale of operations with largely steady margins In FY24, the company achieved TOI of ₹1,508.67 crore compared to a TOI of ₹1,582.93 crore in FY23 driven by moderation in price realisations owing to weak tractor sales in the domestic market. The profit before interest, lease rentals, depreciation and taxation (PBILDT) margin marginally declined to 13.24% in FY24 (PY: 14.70%). The profit after tax (PAT) margins declined to 6.63% in FY24 from 8.22% in FY23. ....................................................................................... Comfortable financial risk profile The company’s capital structure remained comfortable with long-term debt-to equity and overall gearing ratios of 0.04x and 0.24x, as on March 31, 2024, respectively (PY: 0.07x and 0.28x, respectively). The same improved mainly due to reduction in debt and accretion of profits to the net worth. The company has low reliance on working capital borrowings as it only avails the pre-shipment credit for exports and substantial portion of its inherently high working capital requirements are funded by internal accruals. The interest coverage ratio remained healthy at 17.3x in FY24 (PY: 21.22x) due to healthy profitability and low interest costs on foreign currency borrowings. The company’s total debt to PBILDT stood comfortable at 0.95 as on March 21, 2024 (PY: 0.87x). Longby iism-ExpertTradingPublished 6
GNA - Consolidated and squeezedPrice coming out of cup shaped consolidation phase, price trading in a range for several weeks and squeezed, financials looks good with less PE and increasing sales Longby Karthikeyanb85Published 0
GNAGo long in this script with a stop loss of 380 closing basis target of 570 890 1010 a classic cup n handle is in progress...Longby India_InvestmentPublished 3
GNA AXLESGood volume seen in charts. Will it Retest for perfect entry ? Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose onlyby VpktradesPublished 4
GNA Axels can accelerate from here, watch it grow slowly.GNA Axles Ltd. is engaged in the Business of manufacturing auto components for the four-wheeler industry, primary products being Rear Axles, Shafts, Spindles and other automobile components for sale in domestic and foreign markets. GNA Axles CMP is 420.90. The Negative aspects of the company are MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs increasing stake, improving annual net profit, improving cash from operations annually, and Promoter holding increasing. Entry can be taken after closing above 438. Targets in the stock will be 469 and 482. The long-term target in the stock will be 504 and 523. Stop loss in the stock should be maintained at Closing below 388. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.by Happy_Candles_InvestmentPublished 1
fundamental goods round bottombuy at 720-730 target full round bottom 850/890/990/1100 add-on dipsLongby naiteyUpdated 11
#GNA long trade idea setupGreeting Folks, today i have prepared a setup on GNA nse my simple analysis as follows - following a dynamic trendline - made a static resistance and tested it twice can break it now done play with fire always use pre defined stoploss Longby profitpujariPublished 0
GNA Axles-Nice breakoutGNA Axles-Nice breakout. Capital to be deployed- 20k Investing Price -858-864 Breakout Price -858 Stoploss-765 Targets-1190 #gnaaxles #investment #StockToWatch #StocksToBuy #StocksInFocus #StocksToTradeLongby Microcap_InvestorPublished 221
Near breakout.Keep your risk and reward ratio according to your preferance. This is for educational purpose. Do your own research before investing.Longby HV090604Published 0
GNA AXEL FOR TOMORROW BUY ON CMP FOR THE ABOVE TARGET GNA AXEL TRYING TO BREAK THE 860 LEVEL if tomorrow it breaks 860 then the next target will be 890 use stop loss also as per your risk capacity by BreakoutSignals1Published 3
Cup and Handle Pattern in GNA AxlesCup and Handle pattern forming on the Weekly Timeframe. points that are adding conviction for further upper side. . Increasing volume with an increase in price. . Breakout of consolidation on the daily timeframe of 700-710 levels. . Increasing Relative strength against Nifty 50. . 680-700 levels acting as a good demand zone. Entry near 720-730 levels with 50% quantity and rest quantity near 760-770 levels . Initial Stoploss near 690 levels and then keep trailing your stoploss according to the price action. possible Targets: 800 level and then all-time high levels. (((30% to 45% upside possible with stoploss of about 5%))) Longby Travestor12Published 0
GNA Breakout Soon Don't you think history will repeat ? Setup - 1. Stock is forming Triangle Pattern 2. Trading above 200 EMA 3. Can give breakout above the resistance level Longby Dhiru_35Published 225
GNA - MULTIPLE INDICATOR 📊 Script: GNA (GNA AXLES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY AUTO 📊 Sector: Automobile and Auto Components 📊 Industry: Auto Components & Equipment's Key highlights: 📈 Script is trading at upper band of BB and given breakout of BB. 📈 There is Crossover in MACD. 📈 Double Moving Average is also giving crossover. 📈 Right now RSI is around 70. ⏱️ C.M.P 📑💰- 653 🟢 Target 🎯🏆 - 722 ⚠️ Stoploss ☠️🚫 - 616 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Happy learning with trading. Cheers!Longby radha_23Updated 2211
GNA : strong breakout soon candidate!GNA axle is a strong candidate for a potential breakout! Keep it on your radar! #GNA axles # BreakoutLongby Bull_CircleUpdated 0
GNA AXLES GNA AXLES - Wykoff accumulation accompanied by major cup formation in the longer term. A breakout above the box can invite healthy targets here. After breakout, go long with a SL of 200 ema.Longby Ganand1912Published 1
Buy GNA AXLESBottom Buying Idea Buy GNA AXLES above 575 - Small Resistance around 595-600 levels - For Short-Term: Keep SL of 519 (DCB) - For Mid-Term: 1. Add more around 515-520 2. SL for Mid-Term: 460 Targets: T1: 644 T2: 685 T3: 720 Recommend this pick for Mid-Term. Levels marked on chart!!Longby dixitsoham7Published 1
GNA - Target and Stoploss GNA has now having increased volume and is in the uptrend. Longby vikas-progPublished 0
GNA looks good for 5th wavePlease see the chart of GNA axle where in 4th has just completed and it's going for new uptrend. Guys do your analysis before any trade execution i can be wrong too.by imkhushalPublished 0
GNA AXLES I WOULD SUGGEST A LONG POSITION IN GNA AXLES, SINCE IT HAS FORMED A ROUNDING BOTTOM ON A WEEKLY CHART, A STRONG SUPPORT CAN BE SEEN AROUND 454 LEVEL AND AROUND 420 LEVELS. I AM NOT A SEBI AUTHORIZED ANALYST THIS KNOWLEDGE IS ONLY FOR EDUCATIONAL PURPOSE. Longby lost320dPublished 1
GNA AXLES LOOKING GOOD FOR SWINGGNA AXLES Break 424 crucial resistance and closed above on day closing basis wigh good volumeLongby sumitjorvekar96Published 0