Technical Analysis:
Integrated Analysis:
Latest News (as of May 19, 2025):
Recent news might be focusing on:
- Current Price: ₹528.70 (using your initial price, which is close to the ₹529 close)
- Target: ₹775 (significant potential upside)
- Cup & Handle Pattern Breakout: Assuming this pattern is clearly visible on the chart and a breakout has been confirmed with good volume.
- Time Frame: 1 to 3 months.
Integrated Analysis:
- The technical picture suggests a bullish potential with the Cup & Handle breakout. However, the fundamentals paint a more cautious picture:
- High P/E: Trading at a significant premium to the industry average.
- Declining Earnings: Both year-on-year and overall profit growth are negative, indicating a concerning trend in profitability.
- Recent Improvement (Quarterly): The latest quarter's EPS shows a slight increase over the previous quarter, which could be a glimmer of hope for a turnaround.
Latest News (as of May 19, 2025):
Recent news might be focusing on:
- Q4FY25 Results Analysis: Any reports analyzing the latest quarterly earnings and providing insights into the reasons for the improved EPS but continued overall decline.
- Graphite Electrode Market Trends: Developments in the global demand and pricing of graphite electrodes.
- Company Strategies: Any news about HEG's strategies to address the declining profitability and capitalize on market opportunities (e.g., in the EV battery sector).
Related publications
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.
Related publications
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.