Technical Analysis (Daily Chart)
CMP: ₹287 approx
Pattern: Approaching major resistance zone at ₹290–295 (prior highs). Watch for a breakout or rejection.
EMA 5‑9‑20 Setup: EMAs are stacked bullish and trending upward, showing improved momentum.
Trade Entry: Wait for a decisive close above ₹295 (breakout confirmation).
Stop-Loss: Place below the breakout zone—daily close under ₹282.
Target Zones:
🎯 Target 1: ₹320 (next swing high)
🎯 Target 2: ₹360+ (momentum continuation zone)
🏭 Fundamental Snapshot
Metric Value
Market Cap ~₹17,000 Cr
P/E (TTM) ~60×
P/B Ratio ~3.3×
ROE (TTM) ~9.7%
ROCE ~7.5–7.8%
Dividend Yield ~0.1%
Debt to Equity ~2.3×
Altman Z‑Score ~1.1 (suggests financial stress)
Free Cash Flow Negative (investing-heavy)
Business Highlights:
One of India’s top 10 renewable IPPs with 1.8 GW operational capacity and 3.25 GW under construction.
Strong pipeline with big wins such as battery storage orders & FDRE (firm/dispatchable renewables) projects.
Recent growth: Revenue ~₹15,750 Cr (+19% YoY), Net Profit ₹2,520 Cr.
Backing industry push into energy storage—recent 3.1 GWh BESS order supports diversification.
Key Risks:
High leverage (Debt/Equity >2×), low Altman Z‑score indicates stress.
Negative free cash flow due to capex into expansion.
Valuation steep: P/E ~60×, limited dividend yield.
CMP: ₹287 approx
Pattern: Approaching major resistance zone at ₹290–295 (prior highs). Watch for a breakout or rejection.
EMA 5‑9‑20 Setup: EMAs are stacked bullish and trending upward, showing improved momentum.
Trade Entry: Wait for a decisive close above ₹295 (breakout confirmation).
Stop-Loss: Place below the breakout zone—daily close under ₹282.
Target Zones:
🎯 Target 1: ₹320 (next swing high)
🎯 Target 2: ₹360+ (momentum continuation zone)
🏭 Fundamental Snapshot
Metric Value
Market Cap ~₹17,000 Cr
P/E (TTM) ~60×
P/B Ratio ~3.3×
ROE (TTM) ~9.7%
ROCE ~7.5–7.8%
Dividend Yield ~0.1%
Debt to Equity ~2.3×
Altman Z‑Score ~1.1 (suggests financial stress)
Free Cash Flow Negative (investing-heavy)
Business Highlights:
One of India’s top 10 renewable IPPs with 1.8 GW operational capacity and 3.25 GW under construction.
Strong pipeline with big wins such as battery storage orders & FDRE (firm/dispatchable renewables) projects.
Recent growth: Revenue ~₹15,750 Cr (+19% YoY), Net Profit ₹2,520 Cr.
Backing industry push into energy storage—recent 3.1 GWh BESS order supports diversification.
Key Risks:
High leverage (Debt/Equity >2×), low Altman Z‑score indicates stress.
Negative free cash flow due to capex into expansion.
Valuation steep: P/E ~60×, limited dividend yield.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.