1. Auto Sector In Eeading Quadrant in RRG .
2. Supply is getting exhausted , Upward Move is expected
3. Strong Support at current levels
4.18.21% away from 52 week high , Bound to go Up
5. F&O data suggests Short Covering today
6. Strong Financials , DII Share is increasing FII decreasing .
a. Market Leader , Mutual Funds have increased holdings from 9.72% to 10.46% in Sep 2021 qtr.
b. Over the last 5 years, revenue has grown at a yearly rate of 9.18%, vs industry avg of 6.3%
c.Over the last 5 years, market share increased from 26.1% to 32.06%
d.Over the last 5 years, free cash flow growth has been 83.13%, vs industry avg of 12.11%
e. PE ratio is better than other players , Beta of 1.74
Take 20% position at Current levels .
LIKE IF YOU AGREE with the Analysis .