CAPACITE Long Base BO [Monthly]

٥ سبتمبر

CAPACITE is a name I have been tracking for a couple of weeks now and its looking good on all 3 i.e. Daily, Weekly and Monthly Charts.
Wanted to show the long monthly base so zoomed out for a monthly chart here.
Unfortunately won't be able to comment about Relative Strength scores as this scrip is not part of 750 Stock universe I track on google sheets. But following points might be good to know :

• Market Cap / Revenue is ~1.5 so it doesn't look overly valued
  
• YoY Sales and Earnings both have increased, although increment is less than 10%, so won't be overly joyous on that
  
• QoQ performance is something I really like 32% sales growth June 2024 vs Jun 2023 & 100%+ earnings growth in the same June 2024 vs June 2023 timeframe. This is generally the catalyst I feel is required
  
• FIIs have increased stake in this from 11.1% in March 2024 to 14.4% in June 2024. So we can attribute huge volumes and run up we have seen to FII buying.
  

All in all, it seems a setup I'll try to get in at. Will keep the comments updated as to what my thoughts are on this ahead.