Deep Discounted Stock: Sanghvi Movers Ltd

Introduction
Sanghvi Movers provides medium- to heavy-duty cranes on rental basis to various private and public sector undertakings. Sanghvi Movers Ltd. is Asia’s largest crane rental operator, with 346 cranes as of FY24.

Fundamental Analysis
Market Cap: ₹ 2,711 Cr; Stock P/E ratio: 15.5 (Industry P/E ratio: 31.2)
ROCE: 22.2 %; ROE: 18.8 %;
Compounded Profit Growth (5 Years) : 35%
Compounded Sales Growth (5 Years) : 17%
Net Cash Flow (Mar 2024): 27

Technical Analysis
Resistance levels: 357, 401, 475, 565, 705
Support levels: 313, 293, 237