HINDUSTAN MOTORS LTD
Long

Hindustan Motors: Small Cap Stock Analysis

157
Hindustan Motors Limited (Hindustan Motors)
Market Cap: ₹737 crore
Current Market Price (CMP): ₹35.35
52-Week High/Low: ₹48.60 / ₹12.65
Average PE Ratio: 28.98
Technical Analysis:

Daily Frame: The stock is crossing below its middle Bollinger Band, indicating a potential slight correction.
Support Levels: The stock may find support in the ₹25-₹30 range.
Overbought Zone: Currently, the stock is almost in an overbought zone.
Opportunity: A small correction could present a buying opportunity.
Watchlist Recommendation
Considering the technical indicators and current market position, Hindustan Motors can be added to your watchlist for potential investment opportunities following a correction.

Disclaimer
The above analysis is based on historical data and technical indicators. It is important to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and all investments carry risk.

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