Swing Trading ENERGYDEV Share: A Profitable Opportunity

INTRODUCTION

Energy Development Company works on making electricity using water power and sending it to where it's needed. They also build and take care of things like roads, railway tracks, bridges, tunnels, and pipes.

CORPORATE ACTION AND RESULT-

In June 2023, Energy Development Company's standalone sales were Rs. 0.46 crore, showing a decrease of 42.75% compared to Rs. 0.80 crore in June 2022.

For the same period, the quarterly net loss was Rs. 2.17 crore in June 2023, which is a 17.7% increase from the loss of Rs. 1.85 crore in June 2022.

The EBITDA (a measure of profitability) was negative at Rs. 1.12 crore in June 2023, down by 86.67% from Rs. 0.60 crore in June 2022.

On August 10, 2023, Energy Dev shares closed at Rs. 16.85 on the NSE. Over the last 6 months, the shares have seen a negative return of -20.71%, while over the last 12 months, they have yielded a modest 0.30% return.

Analyzing ENERGYDEV Fundamentals

TTM EPS 0.36 (-84.17% YoY)

TTM PE 58.75 (High PE)

P/B 0.98 (High P/B)

High / Low:- ₹ 25.0 / 13.6

Stock P/E:-305

Book Value:-₹ 35.1

Dividend Yield:-0.00 %

ROCE:-1.66 %

ROE:-0.40 %

Compounded Profit Growth :-10 Years: -20%

5 Years: -14%

3 Years: 30%

TTM: -88%

Stock Price CAGR

10 Years: 8%

5 Years: 9%

3 Years: 47%

1 Year: 18%

Shareholding pattern:

FII=ZERO HOLDINGT

VOLUME ANALYSIS

Technical Analysis

20D Avg Volume 88,905

20D Avg Delivery(%) 66.53

Sector PE 15.65

Book Value Per Share 21.77

The stock delivered a 3-year return of 142.11%, outperforming the Nifty Smallcap 100, which yielded a return of 115.59% during the same period (as of the last trading session).

Even though the stock has fallen, its short-term trend is positive and in an uptrend.
The stock has fallen, and its mid-term trend is also negative and in a downtrend.
Even though the stock has fallen, its long-term trend is positive and in an uptrend.

The stock price is trading above 50 DMA & 200DMA

55.51% gain from a 52-week low. Back-to-back high volume plus RSI is 83.8, and an RSI above 65 is considered strongly bullish & overbought.MACD is bullish.

ADX is at 24.25= positive sign

DAY ROC (21) 25.1

DELIVERY VOLUME:-1.7M

One can purchase with the goal of 29, 36, or 50.

Try to buy at a basis of accumulation at SL 16.

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Disclaimer:-I'm not a SEBI registered analyst. The chart is shared only for educational purposes.

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Swing Trading ENERGYDEV Share: A Profitable Opportunity

Technical Analysis

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