TECHNICALS:
---BO FROM CUP & HANDLE PATTERN. Pattern started forming from 2016 and completed this week by providing a BO
Fundamentals:
1) As per Moneycontrol: Appx 20% promoter stake. Of which 99% is pledged.
2) However, company's borrowings are at negligible level.
3) As per Trading View: Earnings yield, PE Ratio, ROE all are in negative.
4) But found OPM% for latest two quarters ending Sep & Dec23 have turned out Positive
Though there is technical advantage but fundamentally not sure about the company's performance.
Please suggest if any error or omission in the analysis and if possible please let know if any of you done proper fundamental analysis from your side just to improve my self.
---BO FROM CUP & HANDLE PATTERN. Pattern started forming from 2016 and completed this week by providing a BO
Fundamentals:
1) As per Moneycontrol: Appx 20% promoter stake. Of which 99% is pledged.
2) However, company's borrowings are at negligible level.
3) As per Trading View: Earnings yield, PE Ratio, ROE all are in negative.
4) But found OPM% for latest two quarters ending Sep & Dec23 have turned out Positive
Though there is technical advantage but fundamentally not sure about the company's performance.
Please suggest if any error or omission in the analysis and if possible please let know if any of you done proper fundamental analysis from your side just to improve my self.