"Beautiful Breakout in ESAB India: Unlocking Potential.
Welcome back again. Today we will discuss about ESAB INDIA.
>>Esab India was consolidating in rectangle channel pattern for 20 months. two weeks back it has given a breakout and retraced till its BZ.
>>Again last week it has took support from crucial pivot point and bounced back with a good healthy green candle along with good momentum.
>>Today this stock seems to continuing its bullish trend while overall market is being bearish. We can see from chart its consolidation phase was fairly long, so, we can anticipate a big run up from here.
>>Now talking about its fundamentals, ESAB India Ltd is a leading supplier of welding and cutting products in India with the market cap of 7,849cr. Take a look Some financial pointers of this stock-
*The company is debt-free.
*ROCE (Return on Capital Employed) is at an all-time high of 71%.
*Earnings show strong potential for future growth.
*The PE (Price-to-Earnings) ratio is currently at 51.
*Historically, the PE ratio has been at a higher level (66) for the past two years.
*Given the past PE levels, the current PE of 51 appears reasonable and undervalued.
*Considering these factors, it's a potential candidate for long-term investment.
If you do not have a long vision in this stock then do utilize your Risk-Reward Ratio based on Your Risk Appetite. Level of 4500 stop loss makes lot of sense in this one.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Please note I am not SEBI registered. Do your own research before investing.
>>Esab India was consolidating in rectangle channel pattern for 20 months. two weeks back it has given a breakout and retraced till its BZ.
>>Again last week it has took support from crucial pivot point and bounced back with a good healthy green candle along with good momentum.
>>Today this stock seems to continuing its bullish trend while overall market is being bearish. We can see from chart its consolidation phase was fairly long, so, we can anticipate a big run up from here.
>>Now talking about its fundamentals, ESAB India Ltd is a leading supplier of welding and cutting products in India with the market cap of 7,849cr. Take a look Some financial pointers of this stock-
*The company is debt-free.
*ROCE (Return on Capital Employed) is at an all-time high of 71%.
*Earnings show strong potential for future growth.
*The PE (Price-to-Earnings) ratio is currently at 51.
*Historically, the PE ratio has been at a higher level (66) for the past two years.
*Given the past PE levels, the current PE of 51 appears reasonable and undervalued.
*Considering these factors, it's a potential candidate for long-term investment.
If you do not have a long vision in this stock then do utilize your Risk-Reward Ratio based on Your Risk Appetite. Level of 4500 stop loss makes lot of sense in this one.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Please note I am not SEBI registered. Do your own research before investing.
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