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HARSHA ENGINEERS INTERNATIONAL LTDCompany is almost debt free. Company has delivered good profit growth of 56.4% CAGR over last 5 years The combined share of operating losses at China and Romania came down significantly because of China reporting positive profit in Q4 FY 2024. However, Romania continued to report operating losses in Q4 FY 2024. ➢ While the demand situation in Europe both on the Wind as well as on the Industrial front remains subdued, our strategy in Romania is to improve product mix by increasing the share of cages, which is aimed at bringing Romania to Break-even level in FY 2025. ➢ Solar Business has reported a decent growth in top-line as well as profitability, on the back of a favourable renewable policy regime, with our strategy continued to be on limited capital allocation in this segment, but still allowing the same to operate in its natural tangent. ➢ The progress on our Greenfield project is satisfactory and is expected to commission in FY 2025. On a consolidated basis Q4 FY 2024 was the strongest quarter in the current fiscal FY 2024 reflecting an allround improvement in the top line as well as the EBITDA and PAT margins. The consolidated top line of Q4 FY 2024 has shown a growth of 17% over Q3 FY 2024 and 11% over Q4 FY 2023. The consolidated EBITDA of Q4 FY 2024 has also grown by 23% as compared to Q3 FY 2024 and 10% as compared to Q4 FY 2023. ➢ On full year basis, while consolidated top line of FY 2023-24 reflects a marginal growth over FY 2022-23, the EBITDA and PAT of FY 2024, though lower than FY 2023, are still reflecting a significant recovery as compared to H1 FY 2024 and are better than our expectations. ➢ The growth in Bushing business as well as additional demand growth due to China + 1 factor was in line with our expectations. The Progress on outsourcing projects (insourcing to outsourcing) was satisfactory, and the growth in Japan based customers’ segment, though slightly muted, has remained positive. ➢ The expected growth in large size bearing cages segment could not be achieved due to continued global slowdown in the Wind as well as Industrial Segment, but is expected to catch up next Fiscal.
NSE:HARSHALong
by iism-ExpertTrading
PDD - We love PDD! Bulls time to shineI have longer term swing positions on PDD but I also like to trade it in a shorter term swing setting as it gaps nicely in predictable fashion and is one of those companies that you just know does well - so with the industry-wide boom in chinese stocks, I'm all over taking advantage. Looking for continued healthy liquidity building in tapered selling algorithms (bullish) and continued strong buying continuation to break us out of HTF tapered buying algorithms. Happy Trading :)
NASDAQ:PDDLong
by ReigningTrades
NKN/USDT TRADE SETUP!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. NKN looks good here. Break out done and after a successful retest, it starts going up. Long some here and add more in the dip. Possible Entry & Targets: Entry: Current Market Price (CMP) and potentially add more up to $0.115 Potential Targets: $0.126/$0.138/$0.157 Stop-loss: $0.113 (Consider setting a stop-loss based on your risk tolerance strategy). Leverage: Use leverage with caution. Consider low leverage (Max 5x) as suggested. Let's Discuss What are your thoughts on this current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
Am I the only one seeing this obvious SNOW breakout signal?Hello to anyone new to my analysis - I’m typically a video person because it’s hard for me to truly share the story of a chart like I do in my videos in a plain form such as the one I’m attempting here. (No disrespect for those who don’t like videos! I just want to share knowledge if it helps anyone). Anyway! We’re looking at a daily chart here and there’s quite a clear head and shoulders forming which created beautiful left shoulder liquidity and is in the process of building the second as it attempts to break out. For those who don’t trade “chart patterns” - they are simply an alternative way of seeing how the internal workings of the market are playing out. For example, Similar to a h&s is a cup and handle which is where we have price that more sellers than buyers agree on. This creates a “resistance level” similar to the pink one we have on the chart. The ensuing drop is simply to allow 1. Sellers to enter the market, set stop losses above the resistance level, and eventually take profit and become buyers again. I.E. LIQUIDITY! Liquidity is that building of buy and sell orders, limit orders, stop losses, take profits, etc. so that when we finally have enough buyers in at a high enough agreed upon price, large “institutional” buyers can return to that “resistance level” and smash through it - hitting stop losses, creating new buyers, and there you have a breakout! Sorrry for the tangent - even though my trading is almost fully based off of technical analysis and what money would just call trend lines - what it really is built on and what I teach all to my students first is market dynamics and how and why all this movement happens - and then, with what I’ve studied and built over the past few years, I can analyze a chart and identify when there moves will happen and where we can see them going before market dynamics/i.e more liquidity is required for further movement. It’s a fun and simple game. I dont go into it in depth here on this analysis but that’s what you will find in my video. Back to SNOW - we can see clear TAPERING happening - the key to all reversals - from red selling to yellow more tapered selling. Meaning, sellers intention is weakening and we can activate a buying continuation such as the white or green to grab all the liquidity and break us out to the upside. Of course we will need to activate a strong buying continuation to make real movement and I will be doing a much more in depth video on this tmrw to understand what a confirmation and entry could look like here. Currently retesting a breakout of strong selling red so let’s see if we can an activation and confirmation of white. There are lower time frame signals that I will go through in my video that are signaling that happening so that we will be able to get a pinpoint entry trade as we’re always looking for. Thanks for checking this out hope it was helpful - as always I’m happy to connect with anyone who has further questions or recommendations. And of course this is for educational purposes only. Please check out my videos for furthrr analysis like this and much better! Happy Trading :)
NYSE:SNOWLong
by ReigningTrades
Breakout Opportunity in Poly Medicure Ltd (POLYMED) Stock Analysis Poly Medicure Ltd (POLYMED) is breaking out above resistance with significant volume spikes. This suggests strong buying interest and potential for further price movement. Trading Strategy Target Placement: The minimum target is mentioned on the chart, but you can aim for higher levels as the price rallies. Stop Loss: Place your stop loss below the indicated level on the chart. Consider this for short to mid-term breakout trading. Stay vigilant and trade smart!
NSE:POLYMEDLong
by We_Learn_Investing
SHIB/USDT: Potential Breakout and Retest - Trade Idea!!Hey everyone! If you find this content valuable, please consider giving it a thumbs up and following for more analysis. SHIB is showing some interesting signs on the chart. We've seen a potential breakout from a previous resistance level, and the price is currently retesting that level as support. Additionally, the 100-day moving average (100MA) is acting as potential support. This could be a buying opportunity for those interested in SHIB. However, it's important to manage your risk. Here's a possible trade setup: Entry: Current market price (CMP) with potential for adding more on a dip down to $0.000024 (be sure to use a stop-limit order for this) Target: 80-100% potential profit (be sure to set realistic take-profit orders) Stop-Loss: $0.00002225 (place a stop-loss order below the support level to limit potential losses) Remember, this is just an idea, and the market can be unpredictable. Always conduct your own research before making any trading decisions. What are your thoughts on this SHIB setup? Share your analysis in the comments below!
Long
by CoreCrypto1
1
Info Edge (India) Ltd Showing Strong Up-Side MomentumStrong operating businesses Strong Operating Cash generation year with a run- rate of c1000 Cr plus (pre Tax) annually and growing. Negative working capital due to advance subscription fees (Rs 925 cr as on 31/12/23) Asset-light business models "Zero" Debt. Well Defined approach towards Financial Investments AIF structure for eventual and self-sustained independent financial investment business. Partnered with reputed Sovereign Fund (Temasek Holdings). AIF contribution commitment is currently pegged at ~USD 212.5m Funds created with a term of 12-14 years. Established Dividend payout track record. Formal dividend policy of paying 25%-40% of standalone cash PAT. Track record of consistent dividend payout for last 16 years. Paid 28% of cash PAT as dividend till date. Info Edge is India’s premier online classified company with a portfolio of brands. It owns various brands in different fields like naukri.com (online recruitment), 99acres.com (online real estate), jeevansathi.com (online matrimonial) as well as shiksha.com (online education information services). It also acts as an investor and has invested in many start-ups in the online space and is actively growing its investment portfolio. Company is almost debt free. Company has delivered good profit growth of 55.9% CAGR over last 5 years B2B revenues (as on date) comprise ~90% of overall Naukri revenue and includes: Resume database access (Naukri & iimjobs) Job Posting (response management) Employer branding (visibility) Application tracking tools (Zwayam) eHire - Resume short listing and Walk-ins Assessment services (Do-select) ■ B2C includes revenue from Job seeker services Career enhancement services (AmbitionBox, Coding Ninjas, Naukri Learning)
NSE:NAUKRILong
by iism-ExpertTrading
Shipping Corporation Of India Showing Expected Up-Side MomentumCompany has reduced debt. Company has delivered good profit growth of 24.4% CAGR over last 5 years Strengths Long track record of operations along with diversified business segment SCIL is one of the largest shipping companies in India with an operational track record of around six decades. It benefits from the experienced management of qualified professionals and nominees of GOI. The long track record has helped them establishing relationships with major PSUs in India like IOCL, HPCL, BPCL, ONGC, etc. The company have diversified business segments which includes crude oil/product tankers, dry bulk, offshore services, and container operations, and has a presence in passenger vessels, chemicals, and gas transportation. SCIL currently has the largest fleet size of 59 vessels; a relatively younger fleet, with an average age of around 11-12 years which helps them in getting better charter rates and achieving higher operating efficiency. Vessels on behalf of third parties, primarily Public-Sector Units (PSUs)/Government Departments/Union Territories are also managed for service income. Currently, SCIL are managing 53 third party vessels. Acuité believes that SCIL will continue to benefit from its long operational track record and established relationship with the PSU's./b] Strategic importance to Government of India With more than six decades of operational track record, SCIL, remains strategically important to the Government of India. The company have been playing a pivotal role towards supplying vessels for the Indian Government key operations such as Mars Orbitter Mission of ISRO (Indian Space and Research Organisation) and other defence missions via agreement with DRDO (Defence Research and Development Organisation). Furthermore, SCIL have created strategic alliances with other governments such as Maldives, Andaman & Nicobar Islands for providing maritime services among islands. They have also been serving projects of national importance by partnering with ONGC and Geological Survey of India (GSI) for offshore services. Apart from that, the company deployed its container vessel on direct "India - Middle East Shipping Service" which connects East & West Coast of India with Middle East ports of Jebel Ali and Hamad and will also cater to other ports in Persian Gulf. Stable business operations The business operations of the company remained stable over the years marked by healthy growth in revenue from operations by -25% CAGR over FY21-23 period. The consolidated company achieved revenues of Rs.5794.01 Cr. in FY23 compared against Rs.4988.08 Cr. in FY22 and Rs.3698.09 in FY21. The improvement in revenue is attributable to significant improvement in liner freight indices and bulk segment due to significant improvement in charter rates. A surge in the tanker charter hire rates helped the Tanker Segment to post significant profits. The dry bulk segment is still recovering from historically bad period and loss of key cargoes such as iron ore exports from India, resulting in long non-profitable ballast legs thereby putting pressure on earnings. Although, in later parts of 2020, dry bulk trade recovered remarkably well on account of stimulus packages given by various governments and with China, the main driver of dry bulk demand, recovering quickly from COVID-19 crisis. Simultaneous occurrence of multiple factors conducive for the dry bulk shipping business, viz., spike in dry bulk materials demand, strong trade in grain, coal and iron ore segments, low active fleet growth maintaining tonnage balance etc. gave a good push to the dry bulk rates. Also. strong trade growth and tapering dry bulk carrier deliveries bode well for the near future. Healthy Financial Risk Profile The financial risk profile of the company remained healthy marked by strong net worth, gearing ratio and comfortable debt protection metrics. The tangible Net worth of the company stood at Rs.6902 crore in FY2023 as against Rs.5974 crore in FY2022. The debt/equity of the company improved and stood comfortably at 0.37x and 0.53x as on 31 March 2023 and 31 March 2022 respectively. The TOL/TNW of the company improved and stood low at 0.66x as on 31 March 2023 compared against 0.82 times as on 31 March 2022 respectively. The debt protection matrices of the compar mained comfortable marked by interest- coverage-ratio of 9.45x and Debt-service e ratio of 2.30x for FY2023. Acuité believes that financial risk profile of SCIL may remain strong owing to no major capex plans and stable profit accretions.
NSE:SCILong
by iism-ExpertTrading
#SWSOLAR Closed Above its All Time High Long-Term Opportunity KEY HIGHLIGHTS FOR FY24 Unexecuted order value at INR 8,084 crore as of Mar 2024 compared to INR 4,913 crore as of Mar 2023 Company has received new orders / LOI in two projects worth -INR 488 crore during the quarter including being declared L1 for a second floating solar module project in the country Company received its second international order in Q4 from Enfinity for a BOS project in Italy amounting to EUR 20 mn We have received total orders/LOI in 13 projects worth INR 6,023 crore in FY24 compared to new order inflow of INR 4,387 crore in FY23 P&L of the company has begun to revive in FY24 Consol revenues up -51% YoY Achieved positive consolidated EBITDA in FY24 Domestic EPC gross margins continue to operate within our target range Achieved PBT/PAT profitability in 4QFY24 Rationalization of overheads continue to progress with FY24 overheads at -INR 333 crores compared to -INR 382 crores in FY23 The company has significantly de-leveraged the balance sheet in FY24 Total net debt of -INR 116 crore, compared to net debt of-INR 1.966 crore in FY23 No upcoming debt repayments till 3QFY25
NSE:SWSOLARLong
by iism-ExpertTrading
#KIRLPNU just Broken All Time High With Good Fundamentals Company has reduced debt. Company is almost debt free. Company has delivered good profit growth of 20.4% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 31.6% Business Highlights Order Board as on 1st April 2024 of Rs. 1,475 Cr., 28% more than last year. FY 24 Operating Revenue @ Rs. 1,323 Cr. 24% Y-O-Y growth in PBT Setting up of forging facility at Nashik as a part of vertical integration. Launched new products — Tezcatlipoca - a Centrifugal compressor Atmos Aria - a off shelf screw compressor Jarilo-A Bio - gas Compressor
NSE:KIRLPNULong
by iism-ExpertTrading
#HAL just Broken and Closed Above its Previous All Time High Company has reduced debt. Company is almost debt free. Company has delivered good profit growth of 23.9% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 26.7% Company has been maintaining a healthy dividend payout of 29.6% Company's working capital requirements have reduced from 98.4 days to 38.2 days Strong order book providing healthy revenue visibility HAL's order book remained healthy at ₹84,814 crore as on December 31, 2023 majorly contributed by manufacturing of various models of helicopters and aircraft of around 56,569 crore to be executed over the next five to six years. Major orders in the manufacturing segment pertains to supply of 83 Light Combat Aircraft-Mk1A version (LCA), 70 HTT-40, 6 LCA 10C/FOC, 4 Dornier apart from various aerospace structures for PSLV and GSLV. The ROH order book remained healthy at 28,277 crore and is expected to remain robust in the near to medium term as HAL undertakes the repair and maintenance work of aircraft manufactured by it for its entire life as well as for aircraft manufactured by others for which it has built infrastructure across the country. Furthermore, there remains visibility of future orders with strong order pipeline wherein orders for procurement of new platforms viz. Advanced Light Helicopter (ALH), Light Utility Helicopter (LUH), Additional Su-30, AL31 FP Engines and RD-33 Engines and mid-life upgrade of D0-228 Aircraft aggregating to 55,000 crore are in the advance stage of conclusion and are anticipated to be received within next three to siz months. In addition, orders for procurement of additional 97 Nos of LCA, 156 Nos of Light Combat Helicopter (LCH), 60 Nos Utility Helicopter-Maritime (UHM) including Performance Based Logistics (PBL) Contract, among others aggregating to 158,000 crore have been approved by the Defence Acquisition Council and the orders against the same are anticipated within next 18-24 months. Given the significantly long tenure of its contracts, HAL enters into variable price contracts with its customers, Indian Airforce, Indian Army and Indian Navy, wherein the future escalation is built into the prices excluding forex fluctuation on procurement. The forex fluctuations are paid on an actual basis by the customers. This protects its margins from forex and raw material price escalation to a large extent. However, profitability may get impacted due to time or cost overrun in case there is execution delays at HAL's end. Strong financial risk profile marked by healthy profitability and cash accruals and continued improvement in its collection period HAL continues to have a sizeable scale of operations and the TOI grew y-o-y by 8% to 26,397 crore in FY23 majorly on the back of increase in revenue from repairs and maintenance services. The PBILDT margin stood healthy at 25.68% in FY23. Income tax refund of 1193 crore and ₹973 crore further supported profitability in FY22 and FY23 respectively. The company earned gross cash accruals (GCA) of ₹7,000 crore in FY23 as against 5,634 crore in FY22. Its debt coverage indicators remain strong due to low reliance on external borrowings. The revenue contribution from manufacturing activities declined in FY22 and FY23 y-o-y, as majority of the manufacturing orders were completed, and the new contracts were under manufacturing and in development phase and delivery of the same is expected to be booked in FY25 onwards. Accordingly, its income is likely to get a fillip from FY25 onwards once deliveries start for 83 LCA Mk1A in a staggered manner. In 9MFY24, HAL registered TOI of ₹15,612 crore and profit after tax (PAT) of ₹3,303 crore as against TOI of ₹14,433 crore and PAT of ₹2,970 crore registered in 9MFY23. CARE Ratings expects the profitability and debt coverage indicators to remain healthy, going forward. The total receivables of HAL continued to remain below ₹5000 crore as on balance sheet date for past two years ended FY23 as it had realised substantial payment from government in FY22. The collection period has improved from 135 days in FY21 to 64 days in FY23. HAL also receives advances from its customers against the contracts which constitutes a stable source of funding its working capital requirement. The advances stood robust at 28,981 crore as on March 31, 2023 which further increased to *32,588 crore as on December 31, 2023. Timely realisation of dues and increase in advances has resulted in continued low reliance on debt to fund its working capital requirement. The same resulted in the overall gearing ratio of almost nil as on March 31, 2023. The company has strongly articulated that going forward HAL's debt level is expected to remain low on the back of sustaining its improved collection period.
NSE:HALLong
by iism-ExpertTrading
2
Bitcoin - The bullrun is not over (yet)!Hello Traders and Investors, today I will take a look at Bitcoin . -------- Explanation of my video analysis: For more than five years Bitcoin has been trading in a solid rising channel formation. We saw the last retest of support in 2022 which was followed by a bullish reversal on the smaller timeframes and an incredible rally of 300% towards the upside. Considering that Bitcoin is now retesting previous resistance, it is quite likely that we will see a short term rejection first. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
Bitcoin - $200.000 price target!Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle formation and is currently retesting upper resistance. We might get a pullback but the overall trend is still very very bullish. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
4
Tesla - Clear flag formation!Hello Traders and Investors, today I will take a look at Tesla . -------- Explanation of my video analysis: After the triangle breakout and the bullish break and retest on Tesla stock back in 2020, we saw a significant rally of 1.500% towards the upside. For 3 years Tesla has now been trading in a decent bullish flag formation and just broke an important support area towards the downside. However at the moment Tesla is literally in no man's land so it is better to wait for the next retest of structure. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
10
SWING IDEA - RAMKRISHNA FORGINSConsider a compelling swing trade opportunity in Ramkrishna Forgings Limited , a leading manufacturer of automotive components in India, catering to both domestic and international markets. Testing Strong Resistance Zone : The price range of 750-770 has been tested multiple times and is currently attempting to breach it, indicating potential bullish momentum. Bullish Engulfing Patterns : Bullish engulfing candlestick patterns observed on both the weekly and daily timeframes signal strong buying momentum and potential upward movement. Trading at All-Time High : Ramkrishna Forgings is currently trading at its all-time high, indicating strong bullish sentiment and potential for further gains. Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe, confirming its bullish bias and potential for trend continuation. Volume Spike : A significant spike in trading volumes reflects increased market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Ramkrishna Forgings. Target - 860 // 945 Stoploss - daily close below 700 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RKFORGELong
by Visionary_Growth_Insights
4