Lifetime High Breakout
Technical Analysis -
All time resistance at Rs.305 has been broken with high volumes. Vstop is also positive both in weekly as well as monthly charts.
Fundamental Analysis (FY 23-24) -
Revenue up by 45% (YoY)
PAT up by 42% (YoY)
PAT Margin is 12.6%
RoE 121%
RoCE 81.6%
Capex completed recently in April 2024. New plant which doubles the capacity of production of steel strapping, has gone live in May.
All time resistance at Rs.305 has been broken with high volumes. Vstop is also positive both in weekly as well as monthly charts.
Fundamental Analysis (FY 23-24) -
Revenue up by 45% (YoY)
PAT up by 42% (YoY)
PAT Margin is 12.6%
RoE 121%
RoCE 81.6%
Capex completed recently in April 2024. New plant which doubles the capacity of production of steel strapping, has gone live in May.
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