Astral Ltd stock has broken out of a 9-week, 28% deep Consolidation Base 4-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only 0% away from the ideal buy price of INR 1973.
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 11.2 % away from the 10-week moving average.
In the last twelve months, Astral Ltd has rallied nearly 188.5% as compared to 55.3% for the Nifty500. It has a Relative Strength Rating of 76. We definitely would like to see an improvement in the rating. At this point, we are taking a step back and focusing on the RS Line.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last few weeks. The overall long-term trend of the line is also trending upward. If Astral Ltd can maintain this outperformance, it could make sense as a CANSLIM trade.
Another key part of the jigsaw is institutional sponsorship. Astral Ltd has an Accumulation/Distribution Rating of ‘A-’. This represents heavy institutional buying over the past few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
On the earnings front, Astral Ltd has an excellent EPS Rank of 98, which indicates consistency in earnings. The earnings and sales for the stock have grown by 21% and 9%, respectively over the past three years. Its 3-years earnings stability is 12, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 23% and 12%, respectively. The 5-years earnings stability is 11. The return on equity for the last reported year is 24%.
The stock belongs to the industry group of Bldg-Constr Prds/Misc, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 56. The current price of Astral Ltd is -3% off from its 52-week high price and 205% above its 52-week low price.
The stock appears on our idealists: Growth 50, Minervini Trend Template.
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