Aptus Value Housing Finance India Trading Idea💡

Introduction

Aptus Value Housing Finance India Ltd is a Home Loan Company. Aptus has been formed to primarily address the housing finance needs of self-employed, low- and middle-income families primarily from semi-urban and rural areas. Company targets first-time home buyers where collateral is self- occupied residential property

Observation

As we can see stock form an inverted head & shoulder pattern near its neckline. on a day it form open marabzu pattern with good volume and trade above all the EMA with Bullish Crossover

Let's touch fundamentals

  • ROCE -14.7 %
  • ROC -17.2 %
  • Debt to equity - 1.38
  • PE - 28.9
  • Promoter Holding 54.0 %
  • Public holding 14%

Technical Analysis & indicators 🔍

  • Month chart
  • H&D

News of the day

1.Wipro IT technology company has incorporated a wholly-owned subsidiary in the US named Wipro, Inc. with effect from Sept. 30, according to a filing to the stock exchanges on Friday.The new entity has been formed for new business opportunities and investments in the areas of information technology consulting and services.

2. State-run Steel Authority of India (SAIL) has signed a pact with global miner BHP to work on reducing carbon emissions at the Indian steel producer's plants that operate blast furnaces, SAIL said in a statement on Monday. The companies are considering the use of hydrogen and biochar at SAIL's plants while also building local research and development.

3. Ratan Tata, chairman emeritus of Indian conglomerate Tata Group, said on Monday that he was undergoing age-related medical investigations and that rumours circulating about his health were unfounded."There is no cause for concern. I remain in good spirits," Tata, 86, said in posts on social media and in a statement released on his behalf.

Educational content 📖

This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.

Mon Oct 7, 2024

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