Technicals: - Stock price has cleared 3 resistance zones in 3 days and broken out of a long consolidation - Stock is nearing its all time high resistance zone with strength - Stock price is showing high relative strength compared to NIFTY
Fundamentals: - YoY data are bleak with low growth numbers - However quarterly financials are encouraging with growing sales, margins and earnings
Business: - Company produces wearables for brands such as Noise and Harman which are well known Gen Z brands - They will commission new factory for wearables in Noida by December-end as part of its strategy to expand capacity to meet growing demand for smartwatches and truly wireless stereo (TWS) earbuds - They intend to expand into batteries, displays, and microphone contract manufacturing
Source: Screener.in, Tickertape.in, LiveMint Disclaimer: Not a recommendation. Only for research and education purposes.
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