The below stocks look good as per Weekly Chart Analysis.
1. FIEM Industries Ltd.
Symbol: FIEMIND
Segment: Manufacturer of Automotive Lighting and signaling equipments for 2 and 4 wheelers
- Good Quarterly Growth during recent quarters
- Revenue growth is Steady registering 1221 Cr as of Mar-2021
- Net Profit was Rs.46 Cr in Mar-2021. The figure was Rs. 78 Cr in Mar-2020. The decline is mainly due to Covid Pandemic.
- The company has very low Debt to Equity i.e. 0.08
Recently there is a news in the Business Standards about the company FIEM Industries Ltd. becoming the sole supplier of headlamps, tail lamps, indicators, rear fender assemblies and mirrors for Ola Electric's newly launched scooters.
It has potential to touch 1500 mark, if it crosses its immediate resistance of 1000.
2. MPS Ltd.
Symbol: MPSL
Segment: Deals with Publishing solutions, data digitization and activities related to books, journals yellow page advertising, etc.
- Good Quarterly Growth during recent quarters
- Revenue growth is Steady registering 422 Cr as of Mar-2021
- Net Profit was Rs.58 Cr in Mar-2021 and maintains steady profit since 2017 onwards.
- The company has zero debt to equity.
- Volume has been increasing during the past few weeks.
- Has got potential to reach 1100.
Technical Chart (Weekly): MPSL
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August 21, 2021
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1 Comments
Very nice analysis
Reply DeleteIf you have any doubt, please let me know.