RB Formation on Yearly Basis. Strong Price BreakOut & Sustained. Strong Vol Consolidation Continued & BuiltUp.
RSI: 1H>D>W<M. All in Bullish Zone. EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 levels on Weekly TF.
*Trail SL with Upside* *Book Profit as per Risk Appetite*
*_Snapshot:_* Amongst top lubricant mfg. in India. 31 New product launches with focus on SUV, EVs, Hybrids. Growing Sales / Profitability on Qrtly / Yrly basis. Margins in Double Digits. Low leverage, growing TNW. Improving WC Cycle, Assets Turnover. Improved RoA / ROE / ROCE in FY24 vs. FY23. Stable Promoter stake. Increasing FII/DII stake.
*_Concerns_* Pricing power dependent on Crude price movement. Catering to Automotive sector.
*Do your own research as well. This is an Opinion*. *_Happy Investing_*🤓