Kpr Mill Ltd. stock is worth watching as the stock is forming a 11-week, 26% deep Ascending Base. The current price is only 3% away from its ideal buy price of INR 1903. 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 11.24 % away from the 10-week moving average.
Kpr Mill Ltd. has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 85. In the last twelve months, the stock has rallied over 321.3% as compared to 43.8% for the Nifty500.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Kpr Mill Ltd. can maintain this outperformance, it could make sense as a CANSLIM trade.
Kpr Mill Ltd. stock has strong institutional support. The Accumulation/Distribution Rating of 'A+' represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.
On the earnings front, Kpr Mill Ltd. has an excellent EPS Rank of 95, which indicates consistency in earnings. The earnings and sales for the stock have grown by 17% and 2%, respectively over the past three years. Its 3-years earnings stability is 8, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 24% and 6%, respectively. The 5-years earnings stability is 20. The return on equity for the last reported year is 24%.
The current price of Kpr Mill Ltd. is -3% off from its 52-week high price and 346% above its 52-week low price. The stock belongs to the industry group of Apparel-Clothing Mfg, which is exhibiting excellent strength in the current market environment. The current industry group rank is 40.
The stock appears on our idea lists: Minervini Trend Template.