International Conveyors Ltd. (INTLCONV): A Bullish Outlook
International Conveyors Ltd. is a mid-cap company engaged in the manufacturing of material handling equipment. With a market capitalization of ₹527 crore, ICL has been gaining attention from investors due to its strong fundamentals and bullish outlook.
Key Financial Indicators:
Current Price: ₹83.2
High / Low: ₹125 / ₹70.0
Stock P/E: 6.58
Book Value: ₹43.1
Dividend Yield: 1.32%
ROCE: 25.4%
ROE: 25.6%
Face Value: ₹1.00
Chg in Prom Hold 3Yr: 6.86%
Promoter holding: 68.6%
Pledged percentage: 0.00%
Understanding the Indicators:
Stock P/E: A relatively low P/E ratio of 6.58 suggests that ICL is currently undervalued compared to its peers. This could indicate a potential upside for the stock.
Book Value: The book value of ₹43.1 indicates that the company's assets exceed its liabilities. A higher book value can be a positive sign for investors.
Dividend Yield: While the dividend yield of 1.32% is not exceptionally high, it does provide some income to investors.
ROCE and ROE: Both ROCE (Return on Capital Employed) and ROE (Return on Equity) stand at a healthy 25.4% and 25.6%, respectively. This suggests that ICL is efficiently utilizing its capital to generate profits.
Promoter Holding: A promoter holding of 68.6% is generally seen as a positive sign, as it indicates that the promoters have a significant stake in the company's success.
Bullish View Above ₹89:
Based on the current financial indicators and technical analysis (not discussed in this post), there is a bullish sentiment prevailing above the ₹89 price level. If ICL can sustain above this level, it has the potential to reach the target price range of ₹132 to ₹150. In the longer term, the stock could even appreciate further to ₹200 or more.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Key Financial Indicators:
Current Price: ₹83.2
High / Low: ₹125 / ₹70.0
Stock P/E: 6.58
Book Value: ₹43.1
Dividend Yield: 1.32%
ROCE: 25.4%
ROE: 25.6%
Face Value: ₹1.00
Chg in Prom Hold 3Yr: 6.86%
Promoter holding: 68.6%
Pledged percentage: 0.00%
Understanding the Indicators:
Stock P/E: A relatively low P/E ratio of 6.58 suggests that ICL is currently undervalued compared to its peers. This could indicate a potential upside for the stock.
Book Value: The book value of ₹43.1 indicates that the company's assets exceed its liabilities. A higher book value can be a positive sign for investors.
Dividend Yield: While the dividend yield of 1.32% is not exceptionally high, it does provide some income to investors.
ROCE and ROE: Both ROCE (Return on Capital Employed) and ROE (Return on Equity) stand at a healthy 25.4% and 25.6%, respectively. This suggests that ICL is efficiently utilizing its capital to generate profits.
Promoter Holding: A promoter holding of 68.6% is generally seen as a positive sign, as it indicates that the promoters have a significant stake in the company's success.
Bullish View Above ₹89:
Based on the current financial indicators and technical analysis (not discussed in this post), there is a bullish sentiment prevailing above the ₹89 price level. If ICL can sustain above this level, it has the potential to reach the target price range of ₹132 to ₹150. In the longer term, the stock could even appreciate further to ₹200 or more.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
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