Kddl ltd stock bullish momentum

**KDDL Ltd. Stock Analysis**

**Company Overview:**
KDDL Ltd. is an Indian engineering company specializing in the manufacturing of watch components, precision engineering components, and press tools. The company operates through various segments, including Precision and Watch Components, Watch and Accessories, Marketing Support and Other Services, Luxury Cars, and Others. It also manages a retail chain of luxury Swiss watches through its subsidiary, Ethos Limited.

**Fundamental Analysis:**

- **Market Capitalization:** Approximately ₹3,660.94 crore.

- **Price-to-Earnings (P/E) Ratio:** Around 37.4, indicating a premium valuation compared to the industry average of 68.61.

- **Earnings Per Share (EPS):** ₹79.66, reflecting the company's profitability.

- **Dividend Yield:** Approximately 2.08%, with a payout ratio of 75.70%, suggesting a commitment to returning value to shareholders.

- **Return on Equity (ROE):** 17.2%, indicating efficient use of shareholders' equity.

- **Debt-to-Equity Ratio:** 0.38, reflecting a conservative approach to leveraging.

**Technical Analysis:**

- **Current Price:** ₹2,976.55.

- **52-Week Range:** The stock has traded between ₹2,050.00 and ₹3,815.25 over the past year.

- **Support Levels:**
- First Support: ₹2,682.95
- Second Support: ₹2,415.00

- **Resistance Levels:**
- First Resistance: ₹2,983.00
- Second Resistance: ₹3,815.25

- **Breakout Point:** A sustained move above ₹2,983.00 could signal a bullish trend.

- **Retest Levels:** After a breakout above ₹2,983.00, a retest of this level would confirm its strength as new support.

**Recent Performance:**

- **1 Week:** The stock has increased by 39.81%.
- **1 Month:** The stock has risen by 14.83%.

- **6 Months:** The stock has decreased by 3.23%.

**Conclusion:**

KDDL Ltd. demonstrates strong financial health with consistent revenue growth, a solid dividend payout, and efficient use of equity. Technically, the stock is trading near its resistance level of ₹2,983.00, suggesting potential for further gains if this level is breached. Investors should monitor the breakout above ₹2,983.00 and consider the support levels at ₹2,682.95 and ₹2,415.00 for potential entry points.

*Please note that stock market investments carry inherent risks. It is advisable to conduct thorough research or consult with a financial advisor before making investment decisions.*