thepranam

SWING IDEA - DBCORP

Long
thepranam Updated   
NSE:DBCORP   D B CORP LTD
Q4 CONS NET PROFIT 1.2B RUPEES VS 410M (YOY).
Q4 EBITDA 1.72B RUPEES VS 752M (YOY) || Q4 EBITDA MARGIN 27.89% VS 14.17% (YOY).

In addition, MACD Cross is also playing out.
Once MACD Cross is completed, expect 20% up from here.
Comment:
Positive News:

India's D.B. Corp climbs on qtrly profit jump
** Shares of Indian consumer publishing company DB Corp DBCORP rise 5% to 293.35 rupees
** Co reported a more-than-two-fold jump in March-qtr consolidated profit on Wednesday to 1.23 billion rupees ($14.8 million), as expenses contract
** Qtrly revenue rose 16.2% to 6.17 billion rupees from an year earlier
** Stock is set to gain for a fourth consecutive session, if trend holds
** Stock up ~9.7% YTD; had gained ~116.7% in 2023 - its biggest yearly gain since listing
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