Equinox India Developments Trading idea💡

Introduction

The Co. has a presence in residential real estate development from Affordable to Premium & Uber-luxury space. It mainly focuses on the construction and development of residential, commercial and SEZ projects across the Indian metro cities. Geographically, the Company’s strategic focus is in key markets of MMR and NCR Region.

Observation

As we can see stock breakout its resistance level which is shown on the above image after a 3rd time attempt with 20% price gain and very good volume. Stock trade above all the ema also trade above 60 RSI.

"Not recommended for risk-averse or beginner traders due to high volatility. 👇"

Let's touch fundamentals

ROCE - -11%
ROE - -15%
Debt to equity - 0.08
PE -
Promoter Holding - 0%
Public holding - 65%
Promoter Holding Pledge - 0%

Technical Analysis & indicators 🔍

Daily Chart
Marabuzu Candlestick

News of the day

1. Vodafone Idea has agreed to sell its entire 50% stake in its joint venture company Firefly Networks to iBus Network and Infrastructure for 45 million Indian rupees, according to a Monday filing to the stock exchanges.

The transaction is expected to be completed in 45 days, after which Firefly will no longer be a joint venture of the company.

Vodafone Idea's joint venture partner Bharti Airtel has also agreed to sell its 50% take in Firefly Networks to iBus Network.

2. Infrastructure major Larsen & Toubro Ltd (L&T)'s Power Transmission and Distribution (PT&D) business secured large orders, both domestically and internationally, to build grid elements.As per the company's classification, orders ranging between Rs 2,500 crore and Rs 5,000 crore fall in the category of large orders.

3. The clean energy unit of NTPC Ltd., India’s largest thermal power producer, is developing a green hydrogen hub at an estimated cost of Rs 1.8 trillion ($21 billion) as the country seeks to add more carbon-free fuel to meet its needs.NTPC Green Energy Ltd. is developing the project at Pudimadaka, near the city of Visakhapatnam, in the southern state of Andhra Pradesh. This is the first such project under India’s National Green Hydrogen Mission, a government statement said Monday.

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.

Tue Jan 7, 2025