DCM Shriram End of Bottom formation

29 בנוב׳ 2024

DCM Shriram posted fantastic Q2FY25 YoY with 95% profit. Debtor days reduced. Reduction in equity dilution. Q1 & Q2 posted improved YoY numbers with respect to sales & profit. Operating profit improved. Expecting margins and ROCE to improve. Price is just crossed above 50 Day moving average. Technical looks good. Could expect breakout soon.

Disclaimer: Not holding. Educational purpose