Technical Analysis (Weekly Chart)
📊 Setup Details:
CMP: ₹2,796.60
Price has broken out above the ₹2,348 resistance and retested it successfully this week with a strong breakout (+7.4%) 🔥.
EMA Stack (5‑9‑20) trending up, reinforcing bullish momentum.
Volume increased significantly on the breakout — a positive signal.
💹 Key Levels & Trade Plan
Level Details
Support ₹2,348 (breakout retest)
Stop Loss Weekly close below ₹2,348
Target 1 ₹3,200 (near ATH)
Target 2 ₹3,600+ (if momentum continues)
🏢 Fundamental Overview (via Screener.in)
FY25 Revenue / Profit: ₹11,561 Cr / ₹836 Cr
Valuation Metrics: P/E ~47.6, P/B ~6.9, Dividend Yield ~0.3%
Profitability: ROCE ~18.2%, ROE ~15.5%
Debt Position: Virtually debt‑free with interest coverage high and Altman Z‑score strong
Growth Profile: 3‑yr sales CAGR ~15%, profit CAGR ~21%, TTM revenue growth ~29%
Pros:
Leading global auto‑ancillary focused on alloy wheels, suspensions, brake systems
markets.ft.com
Robust profitability with low debt and strong cash flows
Secular demand from 2W/3W OEMs (including European expansion)
Cons:
Valuation considered rich (~27–42% premium to intrinsic value)
ROE moderate (~15%), in line with peers
📊 Setup Details:
CMP: ₹2,796.60
Price has broken out above the ₹2,348 resistance and retested it successfully this week with a strong breakout (+7.4%) 🔥.
EMA Stack (5‑9‑20) trending up, reinforcing bullish momentum.
Volume increased significantly on the breakout — a positive signal.
💹 Key Levels & Trade Plan
Level Details
Support ₹2,348 (breakout retest)
Stop Loss Weekly close below ₹2,348
Target 1 ₹3,200 (near ATH)
Target 2 ₹3,600+ (if momentum continues)
🏢 Fundamental Overview (via Screener.in)
FY25 Revenue / Profit: ₹11,561 Cr / ₹836 Cr
Valuation Metrics: P/E ~47.6, P/B ~6.9, Dividend Yield ~0.3%
Profitability: ROCE ~18.2%, ROE ~15.5%
Debt Position: Virtually debt‑free with interest coverage high and Altman Z‑score strong
Growth Profile: 3‑yr sales CAGR ~15%, profit CAGR ~21%, TTM revenue growth ~29%
Pros:
Leading global auto‑ancillary focused on alloy wheels, suspensions, brake systems
markets.ft.com
Robust profitability with low debt and strong cash flows
Secular demand from 2W/3W OEMs (including European expansion)
Cons:
Valuation considered rich (~27–42% premium to intrinsic value)
ROE moderate (~15%), in line with peers
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.