Fundamentals
MCAP- 12000Cr
PE - 25.04 < Induustry PE of 27
PEG Ratio is 1.18
Debt to Equity is 0 and ICR is 1077+
ROE is 23%, ROCE is 20% ( 5yr ROCE is 28%)
Sales growth is 16%, 5yr Sales growth is 21%, Sales increased straight in last 12 qtrs
Profit Growth is 21%, 5yr Profit growth is 21%, net profit increased straight in last 12 qtrs
Promoter holding is rock solid , 70%
Latest results - As per estimates, no surprise
Technicals
CMP - 1576
Bullish - Above EMA 9, 21,63, 200
Forming ascending triangle , near breakout in daily charts
Also forming cup and handle in daily charts
Target :
As per fundamentals = 1700
As per cup and handle = 1950 (1600+350)
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