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OMAX AUTOS LTDOMAX AUTOS LTDOMAX AUTOS LTD

OMAX AUTOS LTD

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OMAXAUTO trade ideas

OMAX AUTOOmax Autos is engaged in business of manufacturing and selling of sheet metal components,It has 5 operational manufacturing plants in Bawal, Binola, Bangalore, Lucknow & Pant Nagar.It is setting up 2 more plants in Lucknow-Raebareli area to expand its CV and railways segment Hero Motor Corp has historically been their largest customer.However, with the company exiting 2W & focusing on CV business, Tata Motors Ltd contribution to sales has grown significantly.Furthermore, Omax is diversifying its revenue base from auto OEMs to Indian railways. Closure above 72 ( entrypoint) in dailychart , will give oppurtunity to enter and hold till target of 90 with strict stop loss at 63 Market Cap ₹ 147 Cr. High / Low ₹ 87.9 / 41.6 Book Value ₹ 128 Dividend Yield 0.00 % Face Value ₹ 10.0 Promoter holding 56.4 % EPS last year ₹ 11.0 EPS latest quarter ₹ -11.1 Debt ₹ 150 Cr. Pledged percentage 0.00 % Net CF ₹ -1.15 Cr. Price to Cash Flow 7.70 Free Cash Flow ₹ 101 Cr. Debt to equity 0.55 OPM last year -11.3 % OPM 5Year 1.20 % Reserves ₹ 253 Cr. Price to book value 0.54 Int Coverage -0.40
NSE:OMAXAUTOLong
by madhu2811
OMAXAUTO - Symmetrical Triangle + Cup & Handle Pattern - SwingThe above analysis is done purely based on price action and chart patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets Apart from chart patterns, one more reason to go long in this stock is the good performance of Auto-Sector Shares even in falling market. Entry can be made above the high of breakout candle or on small pullbacks. SL and Targets are shown in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment for any queries regarding the above stock or price action analysis in general. Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
NSE:OMAXAUTOLong
by AdityaKarn90