IndNippon- Monthly BreakoutBreakout of monthly resistance. Good Volume. Retest seems to be complete.
INDNIPPON trade ideas
INDNIPPONIndia nippon elect has breakout 6 year resistance level and ATH level with good volume so further up move will come
This is only for educational purpose
India Nippon Electricals LtdTarget Mentioned in chart
Strict Stoploss - 643
Fundamentals
Market Cap
₹ 1,653 Cr.
Current Price
₹ 731
52 week High / Low
₹ 748 / 325
Stock P/E
30.3
Book Value
₹ 259
Dividend Yield
1.27 %
ROCE
11.3 %
ROE
9.05 %
Face Value
₹ 5.00
Promoter holding
70.4 %
EPS last year
₹ 21.3
EPS latest quarter
₹ 7.75
Debt
₹ 3.31 Cr.
Pledged percentage
0.00 %
Net CF
₹ -10.7 Cr.
Price to Cash Flow
29.0
Free Cash Flow
₹ 31.6 Cr.
Debt to equity
0.01
OPM last year
8.06 %
OPM 5Year
10.3 %
Reserves
₹ 576 Cr.
Price to book value
2.82
Int Coverage
168
PEG Ratio
-216
Price to Sales
2.49
Sales growth 3Years
11.1 %
Return on assets
7.10 %
India Nippon Electric looking in upward tangent.India Nippon Electricals Ltd. is a leading manufacturer of Ignition Systems for auto industry with special focus on two-wheeler industry in technical collaboration with Mahle Electric Drives Japan. In addition to the support from the collaborators, the company has a developed research & development Centre recognized by DSIR, Govt of India. The company has three manufacturing facilities in India and supplies to domestic as well as overseas markets.
India Nippon electrical CMP is 509.50. The Negative aspects of the company declining cash from operations annual, FIIs are decreasing stake, promoter holding decreasing. The positive aspects of the company are Low debt, zero promoter pledge, MFs are increasing stake, Improving cash from operations annual.
Entry can be taken after closing above 517.Targets in the stock will be 536 and 549.Long term target in the stock will be 560+. Stop loss in the stock should be maintained at Closing below 481.
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 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.
INDNIPPON : Possible Trend Change INDNIPPON : Candidate for possible Trend Change
Good strength & Volumes Picking up
Take Quick 5-10% and keep trailling
Like & Follow for more Learning
Buy INDIAN NIPPON ElectBuy Indian Nippon Elect at CMP with a SL of 414 for a target of 672.50.... time period is 12 weeks.....let see
India Nippon Electricals LtdIndia Nippon Electricals Ltd.
RB Formation on Monthly Basis. Price / Volume Action Break-Out.
Previous Resistance Levels Broken. Good to Go.
Do Your Own Research as well.
INDNIPPON NSE BULLISHVIEW ABOVE 450INDNIPPON NSE is bullish if 450 holds. New 52Week High. Fresh Breakout. Positive Trend.
*** Educational purpose Only. Not Buy/Sell Recommendation.
INDIAN NIPPONTriangle Pattern formation
Expecting Upmove in coming days
Short term targets and mid term targets marked
**Educational VIew only
