Metro Brands Limited up by 5.13 percent | Espresso Shot of the Day

EspressoLogy

Espresso Shot of the Day - Metro Brands Ltd up by 5.13 percent

August 12, 2022
Espresso Shot of the Day - Metro Brands Ltd up by 5.13 percent

METRO BRANDS LTD  854.30 (+5.13%)  BSE –  INE317I01021| 12th August 2022

https://www.myespresso.com/images/Binge-graph-image_Metro-brands-Ltd-202208121807239374496.jpg

Metro Brands is Ltd is one of the largest Indian footwear & accessories specialty retailers and among the aspirational Indian brands in the footwear category. In 1955, we opened our first Metro Brands store in Mumbai and have since evolved into a one-stop-shop for all footwear needs, retailing a wide range of branded products for the entire family, including men, women and children and also provides unisex options, and for every occasion, including casual and formal events. As of March 31, 2021, the company operated 644 Stores in 147 cities across 30 Indian states and Union territories. It operates  on an asset-light model with third-party manufacturing through long-standing vendor relationships, optimum store size and layout, and long-term lease arrangements. We frequently introduce new designs through vendor engagements, based on our combined understanding of current trends and regional sensitivity.


Recent Driver

  • Footwear retailer Metro Brands Ltd plans to add about 260 stores by the end of FY25 across formats including Metro Shoes and Mochi. The company saw robust growth in the June quarter despite inflationary pressures.
  • On July 29,2022, the Company reported a Quarterly Net Profit at Rs.103.17 crores in June 2022, up 1106.05% from Rs. 10.26 crores in June 2021.
  • On July 29,2022, the company reported Net Sales at Rs. 497.23 crores in June 2022, up 294.16% from Rs. 126.15 crores in June 2021.
  • The company recommoneded of Final Dividend at Rs. 0.75 per equity share on the face value of the paid-up equity shares of Rs 5/- each for the Financial Year 2021-22 on May 20,2022.
  • The Board of Metro brands, at its meeting held on may 20,2022, approved the investment of the company in Thaely, a company engaged in the businsess of marketing and selling of sustainable sneaker shoes.

(Sources: BSE,  Moneycontrol,Business Line,Business Today)  


Technical Force*

  • S&P Bse 500 month till date gain by 3.33%.
  • 3 months avg. NSE volume: 3,62,004
  • Quantity traded: 45,108| Deliverable Quantity: 16,370 (36.29%)
  • The stock price jumped by more than 90% from a one-year low level: 426.10 (December 22 ,2021)
  • Daily RSI (14) is at overbaught territory today.
  • 52-week-high: 869.00| 52-week-low: 426.10


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

589.77

550.63

504.37

465.23

418.97

379.83

333.57

-

Fibonacci Pivot

550.63

518.01

497.86

484.88

465.23

445.59

432.61

412.46

379.83


Today’s Close

854.30

SMA

BSE

10 DAY

760.58

20 DAY

672.45

50 DAY

611.82

200 DAY

-


Some Key Ratios (Source: BSE)

Market Cap: 23,199.04 crores

PE:  -

OPM%: 38.22

ROE%:  21.88

Promoters holding%: 74.27

Prev. Close:  812.60


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

The 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 Sharekhan Comtrade 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. Sharekhan Comrade Private Limited 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.