MPORTANT FINANCIAL RATIOS
P/E Ratio: High (valuation rich)
P/B Ratio: Strong premium valuation
ROE: ~20%+ (Good profitability)
ROCE: ~25%+ (Efficient capital usage)
Debt to Equity: Very Low (Almost debt-free)
EPS: Consistent growth
Dividend Yield: Low but stable
upport 1: ₹945 – ₹950
Support 2: ₹925 – ₹930
Support 3: ₹900
Resistance 1: ₹985 – ₹990
Resistance 2: ₹1010 – ₹1020
Resistance 3: ₹1035 – ₹1050
Trend: Medium-term bullish, short-term consolidation
Intraday View: Trade with confirmation & strict stop-loss
FUNDAMENTAL HIGHLIGHTS
Auto ancillary leader (Shock absorbers & ride control products)
Strong OEM & aftermarket presence
Consistent revenue & profit growth
Healthy balance sheet
Low debt = lower financial risk
Valuation is expensive – watch entry price
Sector depends on auto industry cycle
SEBI REGISTERED RESEARCH ANALYST
SEBI RA Name: Aashish Research Analyst
SEBI Registration No.: INH000013174
⚠️ SEBI DISCLAIMER
This content is for educational purposes only
I am a SEBI Registered Research Analyst (INH000013174)
Stock market investments are subject to market risks
Past performance is not a guarantee of future returns
Please consult your financial advisor before investing
I am not responsible for any profit or loss