Analyzing Dynamic Cables Stock: A One-Month Review
When evaluating the stock of Dynamic Cables, several factors are crucial to assess its performance over the past month. This analysis will delve into price movements, technical indicators, financial highlights, and market valuations. The insights provided are designed for traders looking to make well-informed decisions.
Recent Performance
- Stock Movement: As of November 21, 2024, Dynamic Cables' stock increased by 7.92%, closing at Rs 930. This performance outpaced both the sector and the Sensex.
- Monthly Growth: Over the past month, the stock has surged by 62.70%, while the Sensex decreased by -4.92%.
- Three-Day Gain: In the last three consecutive days, the stock has accumulated a 22.08% increase.
Price Movement and Range
- Intraday High and Low: On November 21, 2024, the stock reached an intraday high of Rs 930 and a low of Rs 841.1.
- 52-Week Range: The 52-week high is Rs 934.8, and the low is Rs 337.
Technical Indicators
- Moving Averages: Dynamic Cables' stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, denoting a strong upward trend.
- Pivot Levels:
- Pivot Point: Rs 866.13
- Resistance Levels: Rs 899.62, Rs 940.48, Rs 973.97
- Support Levels: Rs 825.27, Rs 791.78, Rs 750.92
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Financial and Operational Highlights
- Net Sales Growth:
- June 2024: Increased by 15.05% Year-on-Year.
- March 2024: Increased by 34.99% Year-on-Year.
- Product Scope: The company specializes in manufacturing various power infra cables, serving both government and private sectors.
Readers interested in understanding more about the company's operations can refer to our Analyzing Stocks for Investment guide.
Market Cap and Valuations
- Market Capitalization: Approximately Rs 2,084.45 Cr as of November 19, 2024.
- Valuation Ratios:
- P/E Ratio: 44.59
- P/B Ratio: 9.64
- Dividend Yield: 0.06% per annum
Analyst Recommendations
- MarketsMOJO has assigned a 'Buy' recommendation, reflecting the stock's solid performance and bullish trend.
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External Resources
For additional insights and data:
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Trading Analysis of Dynamic Cables
This analysis offers a professional view of the stock performance of Dynamic Cables, focusing on its past year period. For traders seeking to comprehend the company's performance dynamics, the following elements are of paramount importance:
Current Share Price and Recent Performance
- As of November 21, 2024, the share price of Dynamic Cables is ₹921.75.
- The stock exhibits robust recent growth:
- One-day gain: 3.72%
- One-month rise: 48.57%
- Three-month growth: 61.01%
Historical Performance
Indicative of a strong growth trajectory:
- One-year increase: 106.78%
- Three-year returns: 1084.17%
- Five-year returns: 2393.62%
Key Financial Metrics
- Net sales have grown, with:
- 15.05% year-over-year increase (June 2024)
- 34.99% year-over-year increase (March 2024)
- EBIT margin ranges between 8.48% to 10.63%
- Net profit margin spans from 3.89% to 6.25%
Valuation Ratios
- P/E Ratio: 44.59
- P/B Ratio: 9.64
- Dividend Yield: 0.06% per annum
Market Capitalization and Trading Volume
- Market Cap: ₹2,085 crore
- High trading volume indicates active market participation.
Technical Analysis
- Trading above moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), suggestive of a strong upward trend.
- Resistance levels: ₹899.62, ₹940.48, ₹973.97
- Support levels: ₹825.27, ₹791.78, ₹750.92
Sector and Market Comparison
- Dynamic Cables has outpaced both its sector and the Sensex:
- Stock rise: 61.80% past month
- Sensex performance: -3.52%
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This comprehensive reflection provides critical insights into Dynamic Cables’ recent and historical performance, financial metrics, and market positioning, enabling traders to make informed decisions.
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- Factors to consider in growth vs value stocks
This analysis highlights key financial indicators and provides an apt market overview fundamental for strategic trading.
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