This auto parts manufacturer is rising steadily to all-time high
NSE:MAHINDCIE
The company is a auto components supplier to global automotive companies which include Volkswagen, JCB, Daimler AG , Hyundai etc.
Fundamentals:
-> TTM: sales have grown 20% and TTM EPS has grown >50%
-> Quarterly: sales increased >30% YoY and EBIDTA up by 20% YoY
-> Quarterly Margins have remained stagnant YoY indicating slow down in further growth
-> promoter holding has increased however by 2.79% in past two quarters
Technicals:
-> Stock price has moved up ~15% in past week on higher volumes
-> Stock price has retested a darvas box pattern last week and broken out of it again
-> Stock is nearing its all-time high
-> Stock is forming higher highs and higher lows consistently without deep corrections
Feel free to share your research or thoughts in comments!
Sources: tradingview, screener.in, tickertape.in
Disclaimer: only for educational/ research purposes. not a investment recommendation.
The company is a auto components supplier to global automotive companies which include Volkswagen, JCB, Daimler AG , Hyundai etc.
Fundamentals:
-> TTM: sales have grown 20% and TTM EPS has grown >50%
-> Quarterly: sales increased >30% YoY and EBIDTA up by 20% YoY
-> Quarterly Margins have remained stagnant YoY indicating slow down in further growth
-> promoter holding has increased however by 2.79% in past two quarters
Technicals:
-> Stock price has moved up ~15% in past week on higher volumes
-> Stock price has retested a darvas box pattern last week and broken out of it again
-> Stock is nearing its all-time high
-> Stock is forming higher highs and higher lows consistently without deep corrections
Feel free to share your research or thoughts in comments!
Sources: tradingview, screener.in, tickertape.in
Disclaimer: only for educational/ research purposes. not a investment recommendation.
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