Technical Setup (Daily Chart)
CMP: ₹309.20
Breakout: The stock has decisively cleared resistance around ₹288 with strong momentum.
EMAs (5–9–20): Recently aligned upward, indicating bullish momentum.
Entry: Consider entering on a confirmed close above ₹288–290.
Stop-Loss: Place a daily close stop below ₹288.
Targets:
🎯 T1: ₹340
🎯 T2: ₹380
🧾 Fundamental Snapshot
Metric Value
Market Cap ~₹3,262 Cr
P/E Ratio (TTM) ~29×
Book Value / Share ₹95
ROCE ~15.6%
ROE ~12.6%
Net Margin ~11%
Debt/Equity Near 0 – virtually debt-free
Growth 5‑yr sales CAGR ~10%, profit CAGR ~24%
Intrinsic Valuation Base-case ~₹306, inline with CMP
Highlights:
India’s top-3 stationery/writing instruments maker with strong export presence.
Excellent solvency: high Altman Z-score (~10.8), almost zero debt — stable foundation
.
Consistent profitability and growing sales — net margins at ~11%.
CMP: ₹309.20
Breakout: The stock has decisively cleared resistance around ₹288 with strong momentum.
EMAs (5–9–20): Recently aligned upward, indicating bullish momentum.
Entry: Consider entering on a confirmed close above ₹288–290.
Stop-Loss: Place a daily close stop below ₹288.
Targets:
🎯 T1: ₹340
🎯 T2: ₹380
🧾 Fundamental Snapshot
Metric Value
Market Cap ~₹3,262 Cr
P/E Ratio (TTM) ~29×
Book Value / Share ₹95
ROCE ~15.6%
ROE ~12.6%
Net Margin ~11%
Debt/Equity Near 0 – virtually debt-free
Growth 5‑yr sales CAGR ~10%, profit CAGR ~24%
Intrinsic Valuation Base-case ~₹306, inline with CMP
Highlights:
India’s top-3 stationery/writing instruments maker with strong export presence.
Excellent solvency: high Altman Z-score (~10.8), almost zero debt — stable foundation
.
Consistent profitability and growing sales — net margins at ~11%.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.