Key levels:
Support: 127, 110
Resistance: 154, 170
Key Description:
The stock has a moderate Market Cap of ₹809 Cr. with a current price of ₹146. It exhibits a relatively low P/E ratio of 16.6, indicating potential undervaluation compared to the industry average P/E of 41.8. The stock's book value is ₹101, and the Price to Book Value ratio is 1.46.
Financial performance metrics like ROCE (12.8%) and ROE (10.1%) suggest decent returns on capital and equity. The company maintains a conservative dividend yield of 0.85%. The operating profit margin is at 12.8%, showcasing operational efficiency.
In terms of market performance, the stock has shown a positive return of 7.24% over the last 3 months and a robust return of 64.8% over the last 3 years, indicating favorable investor sentiment. However, investors should note the lower EPS of ₹0.36.
Overall, the stock appears to have potential value with reasonable financial metrics and positive returns. However, potential investors should conduct further research and consider factors such as industry trends and market conditions before making investment decisions.
Technically the stock has broken the trendline and sustaining the breakout to go beyond the nullification zone by forming a null candle. After the nullification the stock may touch new highs.