Garden Reach Shipbuilders & Engineers Ltd stands as a leading shipbuilding firm in India, operating under the oversight of the Ministry of Defence. Its primary focus is on meeting the shipbuilding requirements of both the Indian Navy and the Indian Coast Guard.
Technicals:
▶ Trend changed in April due to bull market
▶ 50 EMA has always acted as a support
▶ There is a good chance that it will uphold this behaviour in the short-term.
▶ A demand zone is present at 575-640. This zone could provide a bounce if and whenever the price returns to it. Hence, I see this as a accumulation opportunity for the long-term.
Fundamentals:
March 2023
▶ Sales Growth: 46%
▶ Net Profit Growth: 20%
March 2022
▶ Sales Growth: 53%
▶ Net Profit Growth: 24%
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
Technicals:
▶ Trend changed in April due to bull market
▶ 50 EMA has always acted as a support
▶ There is a good chance that it will uphold this behaviour in the short-term.
▶ A demand zone is present at 575-640. This zone could provide a bounce if and whenever the price returns to it. Hence, I see this as a accumulation opportunity for the long-term.
Fundamentals:
March 2023
▶ Sales Growth: 46%
▶ Net Profit Growth: 20%
March 2022
▶ Sales Growth: 53%
▶ Net Profit Growth: 24%
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
