AMBER Follow up BO [WEEKLY]

14 Sep

AMBER came up recently in my momentum scanner so I looked up some Fundamental numbers as I liked the chart and I wanted to share the same. This looks a like a good scrip to track as it ticks some boxes and gives a good gut feel for fundamental numbers to improve in upcoming quarters.
On Relative Strength Scores :

• 23rd Aug - 50
  
• 30th Aug - 63
  
• 6th Sep - 65
  
• 13th Sep - 69
  

Certainly the stock has improving RS scores week over week so can be said is in momentum especially post seeing the chart with volumes on both daily and weekly timeframes.

Some of the following Fundamental points might be good to know:

• FIIs have increased their stake from ~26% in March'24 to ~28.5% in June'24. Odds are since June stake has been increasing as well.
  
• June'24 QoQ numbers were phenomenal with 41% sales growth and 58% EPS growth. This comes post a bad run of QoQ performance in past few results. Hence good to keep track of as cyclicity might be kicking in here
  
• YoY numbers for year ended Mar'24 are not good enough, but since the play here is that upcoming quarters will be better, not looking too critically on YoY numbers. TTM numbers show decent growth on sales and EPS though.