Rising C&H Pattern: Weekly Basis Price BreakOut. Re-Tested Support & Upside Again. 12% Upside Needed to Cross Multi Year Trendline. Once Done, Further Upside Possible
*With Upside, Trail SL* *Book Profit as per Risk Appetite*
*Snapshot* Estab. / listed in ’19 -Part of Rohit Relan Group. 3 Manufacturing units, Supplying Seats For 11 Models Across 3 OEMS JVs with MSIL , SMC, Toyo Seats & Toyota Boshoku- Japan. Setting up New Production Facility At Gujarat.
Growing Sales/ Profitability Qtrly/Yrly Basis. Negligible Debt (only lease liabilities). Growing TNW / Low Equity Base / FV: Rs.10 C&CE of Rs.50 Crs for FY22. Jump in Advances to Supplier by 9x in FY22. Continued Improvement in RoA/RoCE/ROE since FY19. Excellent WC Cycle. Promoter stake at 74%. FII entered since Jun’22.
*Concern:* Limited product portfolio.
*Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)