LTTS- Long term investing idea

8月23日

LTTS- Long term investing idea

Fundamentals
MCAP- 58000 Cr
PE - 45.5 > Industry PE of 35.6
PEG Ratio is 4.04
Debt to Equity is 0.12 and ICR is 36
ROE is 26%, ROCE is 33% ( 5yr ROCE is 34%), Better than most industry peers except TCS and Infy
Sales growth is 8%, 5yr Sales growth is 13%
Profit Growth is 7%, 5yr Profit growth is 11%
Promoter holding is 73%
Latest results - below estimates

Technicals
CMP - 5490
Bullish - Above EMA 9, 21,63, 200 on weekly charts , RSI(14) is 60

Commentary
- LTTS has been trading in the yellow parallel channel for more than 4 years now
- From the highs of Jan'22, the stock has seen a dip, a brief recovery and then a further dip to trade now at 5490. You can see a slightly downward sloping cup and handle formation. This will top out at 5890 levels.
- I expect the stock to continue its bullish journey in the next few weeks to months

Target :
T1, As per sloping cup and handle = 5890
T2, As per long term parallel channel = 6400
T3, once 5890 is breached, 8200-8400 by Oct' 2025

Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational