#TalbroautoCompany has delivered good profit growth of 21.8% CAGR over last 5 years
Received new multi year orders
worth ~Rs 400 crores from
Domestic
and
Overseas
Customers across its business
divisions, product segments and
JVs. These orders are to be
executed over a period of next 5-
7
years. These orders will help
the Company increase its share
with existing customers and new
customers across geographies
benefitting the Company grow
and gain market share in the
coming years.
Received new multi years orders
worth ~Rs. 580 crores from both,
domestic
and
overseas
customers across its business
divisions, product segments and
JVs. T hese rders are to be
executed over a period of next 5
years commencing from FY25
onwards covering the company's
product lines
gaskets, heat-
shields, forgings, chassis and
rubber hoses
TALBROAUTO trade ideas
NSE:TALBROAUTO - Weak hands out ?? ready for next leg upTalbros Automotive Components Limited is an India-based company that is primarily engaged in the manufacturing of automotive components. The Company offers a range of products, including multi-layer steel gasket, exhaust manifold gasket, rubber molded gasket, cylinder head gasket, gasket with electrical controls, edge molded gasket and heat shield. It also offers a range of products, including kingpins, gear blanks, housing and yoke shafts, power transmission parts for hybrid and electric drive, and vehicle structural parts. Its auto component has its presence across automobile categories in two-wheelers, passenger vehicles, commercial vehicles and farm equipment. It offers manufacturing capabilities, including three-dimensional (3D) modeling, dies and tool design, and 3D design. Its gasket manufacturing facilities are located in Faridabad, Haryana; Pune, Maharashtra, and Sitarganj, Uttarakhand. Its forging manufacturing facilities are located in Bawal, Haryana.
Source Bloomberg
This auto components company is in the breakout zone!The company has over 6 decades of experience in auto components manufacturing
• Business is diversified across Two Wheelers, PVs, CVs Off-Highway and Farm Equipments
• Also supplies to Major EV OEM’s globally
• Has diversified Product Portfolio – Gasket & Heat Shields, Forgings, Suspension Systems, Anti-vibration Products & Hoses
Key Financials:
• Total Revenue for latest quarter increased ~18% YoY
• Net Profit for latest quarter increased by >34% YoY
• TTM Net Profit margin increased from ~16% to ~17%
Red Flag Check:
• Promoter holding is decent at almost ~58%
• Debt:Equity is good at about 0.27 with sufficient interest coverage of ~7x
• Stock is not in any of the exchange surveillance lists
Key Technicals:
• Price is in a steady uptrend and has broken out of a cup and handle formation with heavy volumes
• Strong relative strength compared to benchmark index
• Price is nearing its all-time high zone
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
TALBROAUTO - BULLISH HARMONIC PATTERN- EXCELLENT ENTRY !! DAILYBullish Harmonic Pattern Established, possible targets mentioned in the chart
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur on your trades based on my published ideas
TALBROAUTO - Cup & Handle + Multi Year Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
talbro auto, long term breakout and reboundtalbro auto technical, stock has been in downtrend since 2018, now it has given breakout from its channel (see the red line wedge feboncci resisance), after giving breakout price came down to test the .23 wedge febnocci level, level got retested and got rebound, RSI channel is also making a positive divergence . One can avg or take fresh entry at cmp , target 130,140