Is This A Good Time To Buy HLE Glascoat?

HLE Glascoat stock is worth watching as the stock is forming a 4-week, 12% deep Flat Base. The current price is only 9% away from its ideal buy price of INR 3792. Aggressive investors could use any tight area breakout inside the base as an opportunity to initiate a small position. A conservative approach may be to add the stock to your watchlist so that you are ready to pounce if it breaks out to the traditional entry point.

 

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 1.37% away from the 10-week moving average.

 

HLE Glascoat has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 84. In the last twelve months, the stock has rallied over 275.5% as compared to 44% for the Nifty500.

 

HLE Glascoat stock has strong institutional support. The Accumulation/Distribution Rating of 'A+' represents heavy institutional buying over the past 13 weeks. Although the number of institutions holding the stock dropped in the last quarter, the number of shares held by the institutions increased at the same time.

 

On the earnings front, HLE Glascoat has an excellent EPS Rank of 96, which indicates consistency in earnings. The earnings and sales for the stock have grown by 63% and 45%, respectively over the past three years. Its 3-years earnings stability is 9, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 48% and 51%, respectively. The 5-years earnings stability is 28. The return on equity for the last reported year is 50%.

 

The stock belongs to the industry group of Machinery-Gen Industrial. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 71. The current price of Hle Glasscoat is -9% off from its 52-week high price and 300% above its 52-week low price.

 

The stock appears on our idea lists: Minervini Trend Template.

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