Rounding Bottom Pattern Breakout and Retest Seen in ABSLAMC

17 Okt

Hello Everyone i hope you all will be doing good in your life and your trading as well. I have brought a stock which has given a breakout of ROUNDING BOTTOM PATTERN later we have seen pull back pattern as well, Now stock has given good pullback from it's breakout zone with huge volume spike,. Stock is ready to fly in blue sky. Think for long term only. stock is just trading near to IPO price. India’s Leading AMC ABSBL is one of the largest non-bank affiliated AMC in India managing AUM of ₹6002 bn under its suite of mutual funds, portfolio management services, offshore and real estate offerings.

PAN India presence:-
Co. has the largest impanelled distribution network covering 290+ locations with 300+ national distributors and 76,300 Mutual Fund distributors covering 19,000+ Pan-India pin codes.

Market Cap
₹ 22,463 Cr.
Current Price
₹ 779
High / Low
₹ 804 / 423
Stock P/E
27.0
Book Value
₹ 110
Dividend Yield
1.73 %
ROCE
34.9 %
ROE
27.4 %
Face Value
₹ 5.00
Industry PE
23.9
Debt
₹ 79.1 Cr.
EPS
₹ 28.9
Promoter holding
75.0 %
Intrinsic Value
₹ 363
Pledged percentage
0.00 %
EVEBITDA
20.1
Change in Prom Hold
-0.05 %
Profit Var 5Yrs
11.8 %
Sales growth 5Years
3.05 %
Return over 5years
%
Debt to equity
0.02
Net profit
₹ 832 Cr.
ROE 5Yr
30.9 %
Profit growth
22.6 %
Earnings yield
4.80 %
PEG Ratio
2.29

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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