Weekly chart cmp 102 Downward resistance line breakout with huge volumes. Stochastic divergence propelled the upmove leading to breakout. Stop at 78. Conservative Target at 140 plus.
Fundamentals: Profitability : Current RoE at 35% ; Last 3 years avg RoE at 26%; indicates current performance better than past performance. NP
Cash generation: CFO at Rs 29cr ; indicates company generating cash from operations which is a very good sign ; Previous year cfo at Rs 9 cr.
Leverage: Debt equity at 0.27
Other valuation metrics: P/E 15, p/b 3.9
Underlying business model: Company into bigdata/cloud/AI/Machine Learning.