Craftsman Automation - Cup and handle breakout
Fundamentals
MCAP- 14000 Cr
PE - 48.7 > Industry PE of 36.91
PEG Ratio is 1.9
Debt to Equity is 1.06 and ICR is 5.19
ROE is 20%, ROCE is 20% ( 5yr ROCE is 17%)
Sales growth is 29%, 5yr Sales growth is 19%
Profit Growth is 6%, 5yr Profit growth is 25%
Promoter holding is 48% , down 6% in last quarter
FII AND DII Holding has gone up.
Latest results - Revenue beat, but earnings was negative surprise
Technicals
CMP - 5785
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70
Commentary
As seen in the charts , the stock has been trading in the parallel channel since its IPO in 2021.
It has also formed a cup and handle formation from Dec 2023 to till date.
The cup low is ~4000 and cup high is 5500.
As of today, 8/23, the stock has breached out of the cup and handle formation and touched 5800 levels.
Target :
T1 : As per the channel, the stock should march higher and reach channel highs around 6000-6200 by end of this year 2024
T2 : As per cup and handle , 7000 buy mid to late 2025
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Fundamentals
MCAP- 14000 Cr
PE - 48.7 > Industry PE of 36.91
PEG Ratio is 1.9
Debt to Equity is 1.06 and ICR is 5.19
ROE is 20%, ROCE is 20% ( 5yr ROCE is 17%)
Sales growth is 29%, 5yr Sales growth is 19%
Profit Growth is 6%, 5yr Profit growth is 25%
Promoter holding is 48% , down 6% in last quarter
FII AND DII Holding has gone up.
Latest results - Revenue beat, but earnings was negative surprise
Technicals
CMP - 5785
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70
Commentary
As seen in the charts , the stock has been trading in the parallel channel since its IPO in 2021.
It has also formed a cup and handle formation from Dec 2023 to till date.
The cup low is ~4000 and cup high is 5500.
As of today, 8/23, the stock has breached out of the cup and handle formation and touched 5800 levels.
Target :
T1 : As per the channel, the stock should march higher and reach channel highs around 6000-6200 by end of this year 2024
T2 : As per cup and handle , 7000 buy mid to late 2025
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Nota
Craftsman Auto CMP 6200+ achieved. T1 Achieved Dagangan aktif
Craftsman Auto CMP 6300+
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.