Business: Distribution of ICT / tech products—has wide branch / warehouse / customer network across India; distributes products from many global brands & offers value-add services like warranty, credit support, etc.
Risks / Weaknesses: Low margin business, contingent liabilities (₹737 Cr reported)
Summary: The fundamentals are moderate. The company trades at a low P/E relative to growth expectations, has reasonable ROE/ROCE, but margin risks and liabilities must be watched.
📈 Technical / Positional Setup (Short / Medium Term)
From the 45-minute chart snapshot:
The stock is in a rising phase, with price pushing upward after a consolidation region.
The short EMAs (5, 9, 21) are aligned upward—supporting a bullish bias.
There is likely resistance ahead (based on past highs) that needs to be cleared for a strong move.
Trade Plan
Parameter Level / Zone
Entry On a breakout above recent swing high (say ~₹340-₹345)
Stop-Loss Below recent support / EMA zone (e.g. ~₹320-₹330)
Target 1 ~₹370–₹380
Target 2 ~₹410+ (if momentum sustains)
Also look for a retest of breakout zone (if price falls back) as a safer entry opportunity.
Volume confirmation is crucial—breakouts without volume are suspect.
Risks / Weaknesses: Low margin business, contingent liabilities (₹737 Cr reported)
Summary: The fundamentals are moderate. The company trades at a low P/E relative to growth expectations, has reasonable ROE/ROCE, but margin risks and liabilities must be watched.
📈 Technical / Positional Setup (Short / Medium Term)
From the 45-minute chart snapshot:
The stock is in a rising phase, with price pushing upward after a consolidation region.
The short EMAs (5, 9, 21) are aligned upward—supporting a bullish bias.
There is likely resistance ahead (based on past highs) that needs to be cleared for a strong move.
Trade Plan
Parameter Level / Zone
Entry On a breakout above recent swing high (say ~₹340-₹345)
Stop-Loss Below recent support / EMA zone (e.g. ~₹320-₹330)
Target 1 ~₹370–₹380
Target 2 ~₹410+ (if momentum sustains)
Also look for a retest of breakout zone (if price falls back) as a safer entry opportunity.
Volume confirmation is crucial—breakouts without volume are suspect.
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.
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.