Espresso Shot of the Day - Sterling Tools Ltd up by 8.96 percent

EspressoLogy

Espresso Shot of the Day - Sterling Tools Ltd up by 8.96 percent

June 27, 2022
Espresso Shot of the Day - Sterling Tools Ltd up by 8.96 percent

STERLING TOOLS LTD 284.55 (+8.96%) BSE – INE334A01023 | 27TH JUNE 2022

https://www.myespresso.com/images/Binge-graph-image_Sterling-Tools-Ltd-202206271818507457398.jpg

Sterling Tools Ltd was incorporated in 1979 and commercial production began in 1981. The company made its’ first public offer in 1995 and began trading at Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). As a premier producer of cold forged hi-tensile fasteners, we supply to all major auto OEMs. And today, Sterling tools is one of the leading suppliers in India with a client base that extends across India, USA, Europe, South America and the Middle East.


Recent Drivers

  • On May 18,2022, the company announced a profit of Rs. 6.88 crores for last quarter.
  • On May 18,2022 Net Sales was reported at Rs.169.43 crores in March 2022, up 33.94% from Rs.126.49 crores in March 2021.
  • On May 18,2022, the Board of Directors recommended a final dividend of Re. 1 per share (face value of Rs. 2 per share) for the financial year 2021-22.
  • STL, recently, entered the electric vehicle (EV) space through a partnership with Jiangsu Gtake to manufacture Motor Control Units (MCUs) – now one of the largest MCU companies in India.
(Sources: BSE, Money control, Business Standard)


Technical Force*

  • S&P BSE small cap month till date lose by -5.55%
  • Traded on new 52 Week High Value 284.55
  • 3 months avg. NSE volume: 1,10,987
  • Quantity traded: 49,911| Deliverable quantity: 24,841 (49.77%)
  • Stock price jumped by more than 280 % from a one-year low level: 116.05(May 12, 2022)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 287.25| 52-week-low: 116.05


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

331.03

294.02

237.03

200.02

143.03

106.02

49.03

    -

Fibonacci Pivot

294.02

258.11

235.92

221.64

200.02

178.40

164.11

141.92

106.02


Today’s Close

284.55

SMA

BSE

10 DAY

239.21

20 DAY

228.70

50 DAY

180.69

200 DAY

179.61


Some Key Ratios (Source: BSE)

Market Cap: 1,025.07 Crores

PE: 34.48

OPM%: 13.39

ROE%: 8.19

Promoters holding%: 65.77

Prev. Close: 261.15

https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpgThe scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Private Ltd. is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.