Turning Bullish: Maharashtra Seamless Ltd
Intro: Maharashtra Seamless Ltd manufactures seamless pipes & tubes, ERW pipes. It is also in the business of renewable power generation and rig operations.
Fundamental Analysis:
Market Cap: ₹ 10,301 Cr.
High / Low: ₹ 1,099 / 563
Stock P/E: 12.2 (Ind. P/E:30.3)
ROCE: 22.9 %
ROE: 18.1 %
Sales Growth (3 years): 33%; Profit Growth (3 years): 69%
Stock Analysis:
Maharstra Seamless has been consolidating in a tight range between 569 and 701 for 3 months.
In the last couple of sessions, it has given a strong breakout with good volume.
Resistance levels: 782, 827, 927, 997, 1033
20 EMA has just crossed 50 EMA confirming the bullish trend.
However, volume has to support for further quick upside momentum.
Fundamental Analysis:
Market Cap: ₹ 10,301 Cr.
High / Low: ₹ 1,099 / 563
Stock P/E: 12.2 (Ind. P/E:30.3)
ROCE: 22.9 %
ROE: 18.1 %
Sales Growth (3 years): 33%; Profit Growth (3 years): 69%
Stock Analysis:
Maharstra Seamless has been consolidating in a tight range between 569 and 701 for 3 months.
In the last couple of sessions, it has given a strong breakout with good volume.
Resistance levels: 782, 827, 927, 997, 1033
20 EMA has just crossed 50 EMA confirming the bullish trend.
However, volume has to support for further quick upside momentum.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.