DB Corp : Value Play Alert

22 mag

Here's why DB Corp. is a hot stock:

This stock is at the confluence of strong technical’s and impressive fundamentals

DB Corp. smashed earnings expectations in their latest Q4, almost tripling their net profit.

The company declared a generous dividend of ₹8 per share.

The stock boasts a low PE ratio of 12.3, significantly lower than the industry average of 17.3.

The company demonstrates a healthy financial position with a strong book value of ₹125 and excellent promoter holding of 71.9%

Stock given a confirmed break out from a parallel channel /inverted head and shoulders pattern with stellar volume

The breakout base was from EMA 11, 21& 55 squeeze, indicating a potential trend reversal towards the upside

Based on the technical analysis, DB Corp. presents immediate target prices of ₹304, ₹320, ₹340, 374 & beyond

This is for informational purposes only and should not be considered financial advice.