Lifetime High Breakout

Technical Analysis -
All time resistance at Rs.305 has been broken with high volumes. Vstop is also positive both in weekly as well as monthly charts.

Fundamental Analysis (FY 23-24) -
Revenue up by 45% (YoY)
PAT up by 42% (YoY)
PAT Margin is 12.6%
RoE 121%
RoCE 81.6%

Capex completed recently in April 2024. New plant which doubles the capacity of production of steel strapping, has gone live in May.