Technical Overview
HAPPYFORGE currently trades around ₹965, down 20.92% YoY with 52-week range of ₹724-₹1,300. The stock has formed a strong base near ₹724 support after declining from all-time highs. Recent consolidation suggests potential reversal from oversold levels.
it listed on exchanges in December 2024 with issue price of ₹850 , subscription of Institutions was around 214 times which shows high interest of institutions in this stock and it is currently trading only 14% high from issue price which shows good potential upside with low downside risk.
Key Levels:
Support: ₹900, ₹850, ₹724
Resistance: ₹1,000, ₹1,050, ₹1,100
Analyst price target stands at ₹1,012 with range of ₹817-₹1,216, indicating moderate upside potential.
Fundamental Strengths
Strong financial performance with net sales of ₹1,409 crore and PAT of ₹267 crore in FY25. Q1 FY25 revenue at ₹352 crore with ₹68 crore net profit shows consistent growth trajectory. High promoter holding of 78.5% indicates strong confidence.
HAPPYFORGE currently trades around ₹965, down 20.92% YoY with 52-week range of ₹724-₹1,300. The stock has formed a strong base near ₹724 support after declining from all-time highs. Recent consolidation suggests potential reversal from oversold levels.
it listed on exchanges in December 2024 with issue price of ₹850 , subscription of Institutions was around 214 times which shows high interest of institutions in this stock and it is currently trading only 14% high from issue price which shows good potential upside with low downside risk.
Key Levels:
Support: ₹900, ₹850, ₹724
Resistance: ₹1,000, ₹1,050, ₹1,100
Analyst price target stands at ₹1,012 with range of ₹817-₹1,216, indicating moderate upside potential.
Fundamental Strengths
Strong financial performance with net sales of ₹1,409 crore and PAT of ₹267 crore in FY25. Q1 FY25 revenue at ₹352 crore with ₹68 crore net profit shows consistent growth trajectory. High promoter holding of 78.5% indicates strong confidence.
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.