Trend:
Strong bullish trend with clear higher highs and higher lows. The stock has given a fresh breakout above ₹660 after multiple retests, indicating strong buyer interest and trend continuation potential.
Key Levels:
Fresh Breakout Level: ₹660
Immediate Support / Retest Zone: ₹583
Secondary Support Level: ₹532
Major Demand Zone: ₹474
Fundamentals (Key Points):
⚙️ Leading player in industrial generators and electrical systems with global clientele.
📊 Strong order book visibility supported by demand in renewable and hydro power projects.
💵 Debt-free company with improving margins and consistent cash flows.
🚀 Steady export growth and increasing domestic capacity utilization.
📈 Positive long-term outlook on rising power infrastructure investment in India.
Final Verdict:
Bullish — Successful breakout with volume confirmation; sustaining above ₹660 can trigger an upside move toward ₹700–₹720. Ideal for positional traders with a stop-loss near ₹580.