D-Link (India) Limited up by 9.87% - Traders Corners | Espresso

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Espresso Shot of the Day - D-Link (India) Ltd up by 9.87 percent

November 07, 2022
Espresso Shot of the Day - D-Link (India) Ltd up by 9.87 percent

D-LINK (INDIA) LTD 292.75  (+9.87%) BSE –INE250K01012 | 7th November 2022

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D-Link is a global leader in connecting people, businesses, and cities with computer networking solutions and technology. The company’s innovative products and services meet the needs of digital home consumers, small to medium-sized businesses, enterprise environments, and service providers. D-Link implements and supports unified network solutions that integrate capabilities in Switching, Wireless, Broadband, IP Surveillance, Cloud-Based Network Management, and Structured Cabling.


Recent Drivers

  • Ashish Kacholia, who is ace Indian investor, picked 11,86,350 equity shares or 3.34% stake in D-link india Ltd during Q2 FY23.
  • On October 25,2022, D-Link India Ltd reported a net profit of Rs. 22.70 crores in September 2022, up 80.23% from the Rs. 12.60 crores reported in September 2021.
  • On October 25,2022, D-Link India Ltd reported a net sale of Rs. 293.68 crores in September 2022, up 19.62% from the Rs.245.52 crores reported in September 2021.
  • On April 6,2022, the Company recommended a final dividend of Rs. 3/- (i.e. 150%) per equity share with a face value of Rs. 2/- each for the financial year 2021-22 subject to approval of the members in the ensuing Annual General Meeting. Ex-date for the same which was July 28,2022.
  • On June 30,2022, CRISIL Ratings reaffirmed its ‘CRISIL A/Stable’ rating on the long-term bank facility of D-Link India Limited (D-Link).


             (Sources: BSE, Money control, Business Standard)      

Technical Force

  • S&P BSE Smallcap month till date gain by 1.65%.
  • 3 months avg. NSE volume: 654,145
  • Quantity traded: 2,65,891| Deliverable quantity: 86,468 (32.52%).
  • Stock price jumped by more than 170 % from a one-year low level: 105.20 (June 20, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 302.45| 52-week-low: 105.20.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

304.30

245.65

212.10

153.45

119.90

61.25

27.70

-

Fibonacci Pivot

245.65

210.43

188.67

174.66

153.45

132.24

118.23

96.47

61.25

                

Today’s Close

292.75

SMA

BSE

10 DAY

263.61

20 DAY

226.37

50 DAY

198.75

200 DAY

157.16


Some Key Ratios (Source: BSE)

Market Cap:  1,039.40 Crores

PE:  17.85

OPM%: 10.58

ROE%:  18.54

Promoters holding%: 51.02

Prev. Close:  266.45


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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.