This auto components company is in the breakout zone!

The company has over 6 decades of experience in auto components manufacturing
• Business is diversified across Two Wheelers, PVs, CVs Off-Highway and Farm Equipments
• Also supplies to Major EV OEM’s globally
• Has diversified Product Portfolio – Gasket & Heat Shields, Forgings, Suspension Systems, Anti-vibration Products & Hoses

Key Financials:
• Total Revenue for latest quarter increased ~18% YoY
• Net Profit for latest quarter increased by >34% YoY
• TTM Net Profit margin increased from ~16% to ~17%

Red Flag Check:
• Promoter holding is decent at almost ~58%
• Debt:Equity is good at about 0.27 with sufficient interest coverage of ~7x
• Stock is not in any of the exchange surveillance lists

Key Technicals:
• Price is in a steady uptrend and has broken out of a cup and handle formation with heavy volumes
• Strong relative strength compared to benchmark index
• Price is nearing its all-time high zone

Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
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