International Conveyors Ltd. (INTLCONV): A Bullish Outlook
International Conveyors Ltd. is a mid-cap company engaged in the manufacturing of material handling equipment. With a market capitalization of ₹527 crore, ICL has been gaining attention from investors due to its strong fundamentals and bullish outlook.
Key Financial Indicators:
Current Price: ₹83.2
High / Low: ₹125 / ₹70.0
Stock P/E: 6.58
Book Value: ₹43.1
Dividend Yield: 1.32%
ROCE: 25.4%
ROE: 25.6%
Face Value: ₹1.00
Chg in Prom Hold 3Yr: 6.86%
Promoter holding: 68.6%
Pledged percentage: 0.00%
Understanding the Indicators:
Stock P/E: A relatively low P/E ratio of 6.58 suggests that ICL is currently undervalued compared to its peers. This could indicate a potential upside for the stock.
Book Value: The book value of ₹43.1 indicates that the company's assets exceed its liabilities. A higher book value can be a positive sign for investors.
Dividend Yield: While the dividend yield of 1.32% is not exceptionally high, it does provide some income to investors.
ROCE and ROE: Both ROCE (Return on Capital Employed) and ROE (Return on Equity) stand at a healthy 25.4% and 25.6%, respectively. This suggests that ICL is efficiently utilizing its capital to generate profits.
Promoter Holding: A promoter holding of 68.6% is generally seen as a positive sign, as it indicates that the promoters have a significant stake in the company's success.
Bullish View Above ₹89:
Based on the current financial indicators and technical analysis (not discussed in this post), there is a bullish sentiment prevailing above the ₹89 price level. If ICL can sustain above this level, it has the potential to reach the target price range of ₹132 to ₹150. In the longer term, the stock could even appreciate further to ₹200 or more.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Key Financial Indicators:
Current Price: ₹83.2
High / Low: ₹125 / ₹70.0
Stock P/E: 6.58
Book Value: ₹43.1
Dividend Yield: 1.32%
ROCE: 25.4%
ROE: 25.6%
Face Value: ₹1.00
Chg in Prom Hold 3Yr: 6.86%
Promoter holding: 68.6%
Pledged percentage: 0.00%
Understanding the Indicators:
Stock P/E: A relatively low P/E ratio of 6.58 suggests that ICL is currently undervalued compared to its peers. This could indicate a potential upside for the stock.
Book Value: The book value of ₹43.1 indicates that the company's assets exceed its liabilities. A higher book value can be a positive sign for investors.
Dividend Yield: While the dividend yield of 1.32% is not exceptionally high, it does provide some income to investors.
ROCE and ROE: Both ROCE (Return on Capital Employed) and ROE (Return on Equity) stand at a healthy 25.4% and 25.6%, respectively. This suggests that ICL is efficiently utilizing its capital to generate profits.
Promoter Holding: A promoter holding of 68.6% is generally seen as a positive sign, as it indicates that the promoters have a significant stake in the company's success.
Bullish View Above ₹89:
Based on the current financial indicators and technical analysis (not discussed in this post), there is a bullish sentiment prevailing above the ₹89 price level. If ICL can sustain above this level, it has the potential to reach the target price range of ₹132 to ₹150. In the longer term, the stock could even appreciate further to ₹200 or more.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
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Reacted Technical levels
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.