Ice Make Refrigeration is the top trending stock in capital goods sector – top trending stock ice make refrigeration ltd
The company maintains a dividend payout of 38.4%. Also its loan days are steadily improving. The stock price has improved by 25% annually over the last 5 years and the compounded sales growth over the last 5 years is 19%.
Technically this stock from November 2022 Rs. 318 to Rs. is in the consolidation range of 228. From the last 2 trading sessions it has recorded 20% growth with 2 consecutive upper circuits recorded above the 30-day moving average. The 14-day period RSI (72) has also kept it bullish, breaking several of its highs.
The company stock is now Rs. is trading around 317 and is poised to register a new all-time high (Rs. 318). The last 2 daily candles have almost covered the consolidation of the last 3 months and a bullish crossover of the short-term moving average indicates bullishness. As this action confirmed the breakout of the continuation pattern, the stock may register further gains in the coming trading sessions.
Especially small-cap investors should keep this stock in their watchlist.
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