Consumer and building products company gives price breakout!
Somany Home Innovations Limited (SHIL) is a company engaged in the business of consumer appliances, retail, and building products. Popular brands from this company are HINDWARE, MOONBOW, and EVOK
In recent quarters:
- Sales of the company are increasing quarter on quarter; however, at a slower rate
- Margins in the business are starting to show improvement
- Increasing sales and improving margins are contributing to higher net profits
- The company has invested heavily in the last few years causing a dip in the returns, but the investments can contribute to greater operating leverage
- Overall company is showing good signs of profitability in the near future
- debt to equity ratio is a little high but offset by a healthy interest coverage ratio
On the price charts:
- Price has broken out of a cup and handle base formation in the last two weeks with heavy volumes
- This week, the price touched all-time high after minor consolidation despite a down-trending market showing high relative strength
Sources: tijori finance, screener.in, tickertape.in
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
In recent quarters:
- Sales of the company are increasing quarter on quarter; however, at a slower rate
- Margins in the business are starting to show improvement
- Increasing sales and improving margins are contributing to higher net profits
- The company has invested heavily in the last few years causing a dip in the returns, but the investments can contribute to greater operating leverage
- Overall company is showing good signs of profitability in the near future
- debt to equity ratio is a little high but offset by a healthy interest coverage ratio
On the price charts:
- Price has broken out of a cup and handle base formation in the last two weeks with heavy volumes
- This week, the price touched all-time high after minor consolidation despite a down-trending market showing high relative strength
Sources: tijori finance, screener.in, tickertape.in
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
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