closing the below swing level at the daily chart support at 420
Note
major support 380/360 bandNote
CONSTRADING PE AROUND 30
Stock is trading at 8.18 times its book value
The company has delivered a poor sales growth of 10.3% over past five years.
PROS
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
Company has been maintaining a healthy dividend payout of 98.0%
Company's working capital requirements have reduced from 29.1 days to 20.1 days
Note
strong support zone 400/ 410
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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.