Introduction

Aeroflex Industries Ltd. manufactures and sells stainless steel corrugated hoses and hose assemblies. The firm offers stainless steel hoses and braids, automotive exhaust connector, special assemblies hose, end connectors, and cam-lock couplings.

Observation

As we can see stock complete its rounding bottom pattern breakout with good trading volume and bullish crossover and open marazbuzu on day chart.

Let's touch fundamentals

• ROCE - 26.5 %
• ROC - 20.5 %
• Debt to equity - Zero
• PE - 61.8
• Promoter Holding - 67.0 %
  
• Public holding - 27%
• Promoter Holding Pledge -Zero
  

• Weekly Chart
• Rounding Bottom

News of the day

1. JSW Energy subsidiary JSW Renew Energy Thirteen has entered into a power purchase agreement with NTPC for a 700 MW solar capacity.The solar project will be connected through the Inter-State Transmission System (ISTS) and State Transmission Utility (STU) networks, according to a filing with the Indian bourse on Monday.

2. APL Apollo Tubes has raised 1 billion Indian rupees through the issue of commercial papers, according to a filing to the stock exchanges.

3. Bajaj Finance's assets-under-management growth will likely remain buoyant, says Neeraj Chadawar, head of research at Axis Securities, as the brokerage designates the stock as its pick of the week. With India's regulator lifting restrictions on the nonbanking financial company's eCOM and instaEMI digital lending products, Bajaj Finance went live offering the products in mid-June, and their momentum is expected to improve over the next three quarters, Chadawar says in a note. Bajaj Finance will probably post AUM growth of 26%-28% for its overall portfolio in FY 2025, Chadawar estimates. The brokerage has a buy rating and a target price of INR8,030.00 on the shares, which are 1.1% lower at INR7,221.65.

Educational content 📖

Mon Oct 14, 2024