EVEREADYIND BREAKS OUT FROM 34-MONTH RESISTANCE
EVEREADYIND this week is making a strong breakout from 34-month range. Volumes have multiplied over the last 5 weeks indicating strong institutional support for the counter. Its momentum (RSI) is strongly in the bullish zone above 60 (80+ currently) and the relative performance to CNX-500 turned up and is above its 26-week average. However, on the flip side the Jan 2018 high is nearby, about 460. On the fundamental side EPS has been rising significantly over the last 5 quarters, though sales have been marginally low over the last 3 quarters. Consensus estimate of EPS for FY 2025 stands at 13 against FY 2024 eps of just 3. About 56 funds hold the stock totalling to over 6% of equity.
Personal perspective for educational purposes only. No advice intended. Pl. consult your financial advisor for any buy, sell, or other decisions.
Personal perspective for educational purposes only. No advice intended. Pl. consult your financial advisor for any buy, sell, or other decisions.
Raju KMS Datla
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