This auto parts manufacturer is rising steadily to all-time high

$NSE:MAHINDCIE
The company is a auto components supplier to global automotive companies which include Volkswagen, JCB, Daimler AG , Hyundai etc.
Fundamentals:
-> TTM: sales have grown 20% and TTM EPS has grown >50%
-> Quarterly: sales increased >30% YoY and EBIDTA up by 20% YoY
-> Quarterly Margins have remained stagnant YoY indicating slow down in further growth
-> promoter holding has increased however by 2.79% in past two quarters
Technicals:
-> Stock price has moved up ~15% in past week on higher volumes
-> Stock price has retested a darvas box pattern last week and broken out of it again
-> Stock is nearing its all-time high
-> Stock is forming higher highs and higher lows consistently without deep corrections
Feel free to share your research or thoughts in comments!
Sources: tradingview, screener.in, tickertape.in
Disclaimer: only for educational/ research purposes. not a investment recommendation.
The company is a auto components supplier to global automotive companies which include Volkswagen, JCB, Daimler AG , Hyundai etc.
Fundamentals:
-> TTM: sales have grown 20% and TTM EPS has grown >50%
-> Quarterly: sales increased >30% YoY and EBIDTA up by 20% YoY
-> Quarterly Margins have remained stagnant YoY indicating slow down in further growth
-> promoter holding has increased however by 2.79% in past two quarters
Technicals:
-> Stock price has moved up ~15% in past week on higher volumes
-> Stock price has retested a darvas box pattern last week and broken out of it again
-> Stock is nearing its all-time high
-> Stock is forming higher highs and higher lows consistently without deep corrections
Feel free to share your research or thoughts in comments!
Sources: tradingview, screener.in, tickertape.in
Disclaimer: only for educational/ research purposes. not a investment recommendation.
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.