Fundamental analysis :
In fundamental wise the current share price is trading 2.44 rupees below its PE valuation. According to Graham number valuation share is trading below 11.5% of its current share price 239.85. In last five years debt on company has reduced. Debt to equity ratio is 0.33 which is consider as good value and the current ratio is 1.39 which is also a good sign. Net income and revenue has grown well in last five years.
Technical analysis :
1. You can see inverted head and shoulder pattern has breakout and retested at 237.20
2. If market moves up from retest zone target will be 269.60
3. Stock price has possibility to move down to 232.05 and change its direction upside.
4. In case share price moves below its two retest zone.
Support 1 - 219.95
Support 2 - 207.45
CAUTION : I am not a SEBI registered financial advisor. This is only for educational purpose. Investment in stock market is highly risky. This is only for information purpose. It is very important to do your own analysis before you invest or trade in stock market.
In fundamental wise the current share price is trading 2.44 rupees below its PE valuation. According to Graham number valuation share is trading below 11.5% of its current share price 239.85. In last five years debt on company has reduced. Debt to equity ratio is 0.33 which is consider as good value and the current ratio is 1.39 which is also a good sign. Net income and revenue has grown well in last five years.
Technical analysis :
1. You can see inverted head and shoulder pattern has breakout and retested at 237.20
2. If market moves up from retest zone target will be 269.60
3. Stock price has possibility to move down to 232.05 and change its direction upside.
4. In case share price moves below its two retest zone.
Support 1 - 219.95
Support 2 - 207.45
CAUTION : I am not a SEBI registered financial advisor. This is only for educational purpose. Investment in stock market is highly risky. This is only for information purpose. It is very important to do your own analysis before you invest or trade in stock market.