Care Rating
Techno-fundamental View:
Fundamentals:
Very few Peers in the market. CRISIL and ICRA are the only other near players for it.
CARE's PAT to Sales ratio is better than the other competitors.
Trading at discount PE of just 21, compared to Industry of 42
Price to Book value is just 2.8, whereas the other two of its peers above are 14.2 and 4.1 respectively.
ROE and ROCE are 16 and 21 respectively and better than ICRA.
The very serious negative is the, Promotor shareholdings are '0'
The second negative is FIIs have Sold out a lot of holdings. The FII Holdings gown from 47 to 21%.
Technically is standing at a very strong support zone 570, Trading below this is not a great sign though.
Due to the bad shareholding patterns, cant consider this as good fundamental pick, yet, can be considered as Technical Pick only.
Take your decision accordingly.