Stock of the Week: Poddar Pigments with Robust Financial Health

2024년 6월 23일

Stock of the Week: Poddar Pigments (PODDARMENT PODR)

Fundamental Analysis:
Poddar Pigments showcases a robust financial profile, making it an attractive pick for this week. The company holds more cash than debt on its balance sheet, indicating strong liquidity. Its liquid assets exceed any obligations, providing a solid financial cushion. Additionally, PODDARMENT Poddar Pigments has reported consistent profits over the last six quarters, highlighting its stable and reliable performance.

Technical Analysis:
From a technical perspective, PODDARMENT Poddar Pigments is trading above all major moving averages, signalling a bullish trend. The stock has achieved a significant 52-week breakout and is also breaking out of a box formed by the last 12 months’ consolidation zone. This breakout is supported by good volume strikes, indicating strong market interest. Moreover, Poddar Pigments demonstrates relatively higher strength than the Nifty index, with the RSI crossing above 60, further affirming its upward momentum.

Entry - CMP
Stop loss - 396.55
Potential upside - 643

2024년 6월 24일

액티브 트레이드

Up already by 6% with strong breakout