CMS INFO SYSTEMS TGT 480 (04-03-2024)

3月3日

CMS Info Systems Ltd. is another good chart to view

TECHNICALS
1. Huge Volume surge in last week
2. Narrowing Bollinger Bands on Weekly chart
3. Price Trending in a Box on weekly chart for last many weeks
4. RSI on all time frames above 60
5. RS is positive.
6. Major supports 50 Week EMA/ 20 week SMA 357/382 Respectively
7. Box Breakout will bring 480 as first resistance.

FUNDAMENTALS :
1. Company has delivered good profit growth of 29.2% CAGR over last 5 years
2. Company has been maintaining a healthy dividend payout of 19.9%
3. high Growth in Quarter to quarter sales as compared to previous years
4. Return on Capital above 24 % during last 4 years and 28% in last 2 years
5. Book Value of Share 103 and is trading at almost 4 times to book

CAUTION : PROMOTER HOLDING IS JUST 26.7 % WHICH IS LOW.


Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.