Techno Funda Analysis on Top 5 Gainers and Losers of 4th August 2023

Top Gainers

1. LIC Housing

LIC Housing Finance has been growing its revenue and profit steadily over the past few years. In the fiscal year 2022-23, the company's revenue grew by 21.05% to Rs. 23,265.54 crore, while its profit grew by 13.08% to Rs. 3,738.55 crore. The company's strong financial performance is supported by its high market share, its diversified product portfolio, and its strong brand name.

LIC Housing Finance is currently trading at a price-to-earnings (P/E) ratio of 12.5 times. This is slightly below the average P/E ratio of 13.5 times for the housing finance sector.

RSI is 49.0, MFI is 55.7, and MACD is above its centre and signal Line, this is a bullish indicator. Above all moving averages.

2. Info Edge

Info Edge has been growing its revenue and profit steadily over the past few years. In the fiscal year 2022-23, the company's revenue grew by 20.2% to Rs. 1,407.3 crore, while its profit grew by 15.7% to Rs. 352.6 crore. The company's strong financial performance is supported by its leading position in the Indian online classifieds market.

Info Edge is currently trading at a price-to-earnings (P/E) ratio of 25.2 times. This is slightly above the average P/E ratio of 22 times for the internet sector.

RSI is 51.0, MFI is 46.0, MACD is above its Center Line, but below signal line. Doji Star Uptrend, Long-Legged Doji Uptrend. Above all moving Averages.

3. Vodafone Idea

Vodafone Idea has been struggling financially in recent years. The company has been losing subscribers and revenue, and its debt has been increasing. In the fiscal year 2022-23, the company's revenue fell by 5.2% to Rs. 64,065.3 crore, while its profit fell by 104.5% to Rs. -2,354.4 crore. The company's financial performance has been impacted by a number of factors, including:

Vodafone Idea is currently trading at a price-to-earnings (P/E) ratio of 1.1 times. This is significantly below the average P/E ratio of 15 times for the telecom sector.

RSI is 50.8, MFI is 79.0, MACD is above its Center Line, but below signal line. Above all moving averages.

4. Jubilant Foods

JFL has been growing its revenue and profit steadily over the past few years. In the fiscal year 2022-23, the company's revenue grew by 17.19% to Rs. 3,313.2 crore, while its profit grew by 20.5% to Rs. 463.4 crore. The company's strong financial performance is supported by its growing store network and its increasing brand awareness.

JFL is currently trading at a price-to-earnings (P/E) ratio of 117.24 times. This is slightly above the average P/E ratio of 110 times for the food and beverage sector. However, the company's P/E ratio is still considered to be reasonable, given its strong financial performance and its growth prospects.

RSI is 58.5, MFI is 68.9, MACD is above its centre and signal Line, this is a bullish indicator. Engulfing Uptrend, Short Line Uptrend making. Above all moving averages.

5. Dixon Tech.

Dixon Technologies has been growing its revenue and profit steadily over the past few years. In the fiscal year 2022-23, the company's revenue grew by 31.1% to Rs. 18,285.2 crore, while its profit grew by 54.9% to Rs. 2,077.1 crore. The company's strong financial performance is supported by its growing customer base and its increasing market share.

Dixon Technologies is currently trading at a price-to-earnings (P/E) ratio of 25.2 times. This is slightly above the average P/E ratio of 22 times for the EMS sector.

RSI is 63.8, MFI is 68.2, MACD is above its Center Line, but below signal line.

Engulfing Uptrend making. Above all moving averages.

Top Losers

1. Mahanagar Gas

MGL has been growing its revenue and profit steadily over the past few years. In the fiscal year 2022-23, the company's revenue grew by 16.3% to Rs. 6,218.5 crore, while its profit grew by 18.6% to Rs. 1,365.3 crore. The company's strong financial performance is supported by its growing customer base and its increasing market share.

MGL is currently trading at a price-to-earnings (P/E) ratio of 22.5 times. This is slightly above the average P/E ratio of 20 times for the city gas distribution sector.

RSI is 61.5, MFI is 60.1, and MACD is above its centre and signal Line, this is a bullish indicator. Inside Uptrend amki ng. below 50 days moving averages.

2. Cummins

Cummins India has been growing its revenue and profit steadily over the past few years. In the fiscal year 2022-23, the company's revenue grew by 14.3% to Rs. 25,340.2 crore, while its profit grew by 13.5% to Rs. 3,409.8 crore. The company's strong financial performance is supported by its growing customer base and its increasing market share.

Cummins India is currently trading at a price-to-earnings (P/E) ratio of 16.5 times. This is slightly above the average P/E ratio of 15 times for the automotive sector.

RSI is 47.3, MFI is 49.0, MACD is above its Center Line, but below signal line. Inside Downtrend making. Below 50 days moving averages.

3. Metropolis

Metropolis Healthcare has been growing its revenue and profit steadily over the past few years. In the fiscal year 2022-23, the company's revenue grew by 21.38% to Rs. 1,228.34 crore, while its profit grew by 20.26% to Rs. 202.63 crore. The company's strong financial performance is supported by its growing customer base and its increasing market share.

Metropolis Healthcare is currently trading at a price-to-earnings (P/E) ratio of 19.2 times. This is slightly above the average P/E ratio of 17 times for the healthcare sector.

RSI is 50.5, MFI is 47.4, MACD is below its Signal and Center Line, this is a strong bearish indicator. Below 50 days moving averages.

4. Aditya Birla Fashion

ABFRL has been growing its revenue and profit steadily over the past few years. In the fiscal year 2022-23, the company's revenue grew by 20.12% to Rs. 15,930.56 crore, while its profit grew by 17.88% to Rs. 2,194.61 crore. The company's strong financial performance is supported by its growing customer base and its increasing market share.

ABFRL is currently trading at a price-to-earnings (P/E) ratio of 25.2 times. This is slightly above the average P/E ratio of 22 times for the retail sector.

RSI is 59.1, MFI is 75.3, MACD is above its centre and signal Line, this is a bullish indicator. But below the 200 days moving average.

5. Vedanta

Vedanta has been growing its revenue and profit steadily over the past few years. In the fiscal year 2022-23, the company's revenue grew by 7.4% to Rs. 2,31,521.8 crore, while its profit grew by 16.5% to Rs. 29,532.1 crore. The company's strong financial performance is supported by its growing production volumes and its increasing market share.

Vedanta is currently trading at a price-to-earnings (P/E) ratio of 11.7 times. This is slightly below the average P/E ratio of 12 times for the metals and mining sector.

RSI is 26.3, MFI is 7.6, MACD is below its Signal and Center Line, this is a strong bearish indicator. Belt Hold Downtrend making. Below 200 days moving averages.

Analyst  -  Roshan Patel

info@smartinvestment.in
 

(Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.

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