LUPIN LTDLargo
Lupin Stock Analysis: Strong Fundamentals & Bullish setup.
FUNDAMENTALS & TECHNICAL ANALYSIS
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Fundamental Analysis:
1. Earnings per Share (EPS):
• Q3 2024 EPS estimate is 17.29 INR, and the reported values for the prior quarters (Q4 ’23, Q1 ’24, Q2 ’24) have consistently beaten estimates with surprises ranging from 11.08% to 41.55%.
• This indicates strong financial performance and the company’s ability to exceed market expectations.
2. Revenue:
• Reported revenue for Q1 ’24 and Q2 ’24 surpassed estimates with 5.37% and 2.38% surprises, respectively.
• The company is expected to generate 56.45B INR in revenue for Q3 ’24. This suggests consistent growth, which is a positive indicator for long-term investors.
3. Conclusion from Fundamentals:
• Strong EPS growth and consistent revenue beats show that the company is performing well financially.
• With upcoming reports due in February 2025, further positive earnings surprises could lead to upward momentum.
Technical Analysis
1. Current Price Action:
• The stock is trading near 2,140 INR, approaching key fair value gaps (FVG) at 2,150 INR (1D FVG) and 2,273.45 INR (higher target zone).
2. Support & Resistance:
• Major support zone is near 1,985.90 INR (Daily Low).
• Resistance zones lie at 2,218.30 INR, 2,273.45 INR, and the Daily High of 2,313.20 INR.
3. Market Structure:
• There is a change of character (Choch) on the chart, suggesting potential bullishness if it sustains above 2,150 INR.
• The stock may consolidate slightly before moving towards the higher resistance zones.
4. Short-term Prediction:
• Likely to test 2,273.45 INR in the near term if the bullish structure holds.
• A break below 1,985.90 INR would invalidate the bullish setup.
Conclusion:
• Investment Decision:
• Buy: Based on strong fundamentals (earnings and revenue growth) and a bullish technical structure, the stock looks promising for swing trading or medium-term investing.
• Entry Point: Around 2,140-2,150 INR, aligning with the technical FVG and support zones.
• Target: 2,273.45 INR (short-term) and 2,313.20 INR (medium-term).
• Stop Loss: Below 1,985.90 INR to manage risk in case the bullish structure fails.
DISCLAIMER ▶️ THIS IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE DO YOUR OWN RESEARCH BEFORE INVESTING
⬇️⬇️
Fundamental Analysis:
1. Earnings per Share (EPS):
• Q3 2024 EPS estimate is 17.29 INR, and the reported values for the prior quarters (Q4 ’23, Q1 ’24, Q2 ’24) have consistently beaten estimates with surprises ranging from 11.08% to 41.55%.
• This indicates strong financial performance and the company’s ability to exceed market expectations.
2. Revenue:
• Reported revenue for Q1 ’24 and Q2 ’24 surpassed estimates with 5.37% and 2.38% surprises, respectively.
• The company is expected to generate 56.45B INR in revenue for Q3 ’24. This suggests consistent growth, which is a positive indicator for long-term investors.
3. Conclusion from Fundamentals:
• Strong EPS growth and consistent revenue beats show that the company is performing well financially.
• With upcoming reports due in February 2025, further positive earnings surprises could lead to upward momentum.
Technical Analysis
1. Current Price Action:
• The stock is trading near 2,140 INR, approaching key fair value gaps (FVG) at 2,150 INR (1D FVG) and 2,273.45 INR (higher target zone).
2. Support & Resistance:
• Major support zone is near 1,985.90 INR (Daily Low).
• Resistance zones lie at 2,218.30 INR, 2,273.45 INR, and the Daily High of 2,313.20 INR.
3. Market Structure:
• There is a change of character (Choch) on the chart, suggesting potential bullishness if it sustains above 2,150 INR.
• The stock may consolidate slightly before moving towards the higher resistance zones.
4. Short-term Prediction:
• Likely to test 2,273.45 INR in the near term if the bullish structure holds.
• A break below 1,985.90 INR would invalidate the bullish setup.
Conclusion:
• Investment Decision:
• Buy: Based on strong fundamentals (earnings and revenue growth) and a bullish technical structure, the stock looks promising for swing trading or medium-term investing.
• Entry Point: Around 2,140-2,150 INR, aligning with the technical FVG and support zones.
• Target: 2,273.45 INR (short-term) and 2,313.20 INR (medium-term).
• Stop Loss: Below 1,985.90 INR to manage risk in case the bullish structure fails.
DISCLAIMER ▶️ THIS IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE DO YOUR OWN RESEARCH BEFORE INVESTING
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