Three Small-Cap Stocks To Watch Now: Ester Industries, Tata Metaliks, Carborundum Universal

Posted Date: April 08 2021

Ester Industries Stock

Ester Industries stock is worth watching as the stock is forming a 20-week, 28% deep Consolidation Base. The current price is only 11% away from its ideal buy price of INR 137. 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 current trend of the 10-week moving average is still downward. However, if we look at a bigger picture, the long term average (40-week moving average) is in an uptrend. The 10-week moving average is above the trending 40-week moving average. The stock is trading around 8.7% away from the 10-week moving average.

Ester Industries has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 86. In the last twelve months, the stock has rallied over 313.9% as compared to 62.9% 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 recent weeks. The overall long term trend of the line is also trending upward.

Another key part of the jigsaw is institutional sponsorship. Ester Industries has an Accumulation/Distribution Rating of 'A-'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Ester Industries has an excellent EPS Rank of 98, which indicates consistency in earnings. The earnings and sales for the stock have grown by 283% and 7%, respectively over the past three years. Its 3-years earnings stability is 56, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 283% and 11%, respectively. The 5-years earnings stability is 56. The return on equity for the last reported year is 24%.

The current price of Ester Industries is -10% off from its 52-week high price and 337% above its 52-week low price. The stock belongs to the industry group of Chemicals-Plastics, which is exhibiting excellent strength in the current market environment. The current industry group rank is 36.

The stock appears on our idea lists: Trend Template - 5 Months.

Tata Metaliks Stock

Tata Metaliks stock is worth watching as the stock is forming a 12-week, 29% deep Consolidation. The current price is only 4% away from its ideal buy price of INR 934. 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 15.7% away from the 10-week moving average.

Tata Metaliks has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 81. In the last twelve months, the stock has rallied over 136.4% as compared to 62.9% 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 recent weeks. The overall long term trend of the line is also trending upward.

Tata Metaliks stock has a 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, Tata Metaliks has an excellent EPS Rank of 93, which indicates consistency in earnings.  Over the past five years, the earnings and sales for the stock have grown by 9% and 10%, respectively. The 5-years earnings stability is 13. The return on equity for the last reported year is 18%.

The current price of Tata Metaliks is -6% off from its 52-week high price and 163% above its 52-week low price. The stock belongs to the industry group of Steel-Producers, which is exhibiting excellent strength in the current market environment. The current industry group rank is 12.

The stock appears on our idea lists: Trend Template - 1 Month.

Carborundum Universal Stock

Carborundum Universal stock is worth watching as the stock is forming a 7-week, 23% deep Consolidation. The current price is only 7% away from its ideal buy price of INR 572. 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 8.9% away from the 10-week moving average.

Carborundum Universal has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 81. In the last twelve months, the stock has rallied over 127.2% as compared to 62.9% 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.

Another key part of the jigsaw is institutional sponsorship. Carborundum Universal has an Accumulation/Distribution Rating of 'B'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Carborundum Universal has an excellent EPS Rank of 92, which indicates consistency in earnings. The earnings and sales for the stock have grown by 8% and 1%, respectively over the past three years. Its 3-years earnings stability is 6, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 13% and 7%, respectively. The 5-years earnings stability is 8. The return on equity for the last reported year is 15%.

The current price of Carborundum Universal is -7% off from its 52-week high price and 163% above its 52-week low price. The stock belongs to the industry group of Machinery-Gen Industrial, which is exhibiting excellent strength in the current market environment. The current industry group rank is 35.

The stock appears on our idea lists: Trend Template - 5 MonthsLong Term Leaders.

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