Endurance Technologies Limited : A new test of the support level
Entry price | Target | Stop-loss | Potential |
---|
₹1,372.55 |
₹1,490 |
₹1,345 |
+8.56% |
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The fact that share price is returning to the lower bounds of the trading range offers a good timing to enter into new long positions in Endurance Technologies Limited.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● The company is in a robust financial situation considering its net cash and margin position.
● Historically, the company has been releasing figures that are above expectations.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 929.3 INR
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● With a 2021 P/E ratio at 40.73 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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