Defence sector stock looks good for reversal. Recently FII and DII entered into this stock
How can it not double from here with Great OPM ROE and ROCE As of Dec 2023 PE 44 OPM above 80% 10 year ROE 40% ROCE 60%
Strong Fundamental - low valuation As of Dec 2023 PE 13 ROE 23% ROCE 32% FII stake increased in Sep 2023 Debt 45 Cr Improved OPM compared to last year 2022
Breaking 52 week low. Weekly chart. Will head further down. Lets see till how. 1 researcher mentioned the actual value of CDSL is 175. lets see if it reaches there.
Nestle holding the Resistance. Either reverse down or if close above 1800 today, it may go up further towards 52 week High
Positive Divergence plus closing above support zone would take stock more higher