Gladiator Stocks - V-Guard - ICICI Direct

Technical View

The consumer discretionary space has witnessed renewed buying demand in recent weeks ahead of the festive season

In current week, the stock has registered a falling channel breakout, confirming end of 3month corrective phase and signalling resumption of primary uptrend

The weekly 14 period's RSI has generated a buy signal moving above its nine periods average thus validates positive bias

Fundamental View

V-Guard is among India's leading fast moving consumer electrical companies. V-Guard's product portfolio consists of electronics, which includes stabilisers for which V-Guard is a market leader and Digital UPS & Batteries. In the electrical segment, they have housing wires & cables, switchgears, modular switches. In the consumer durable segment they have fans, air coolers and kitchen appliances. Electronics contribute ~28% to their topline while electricals contribute ~45% and consumer durables ~27%. South contributes a major chunk of their revenue with ~60% coming from that region

Going forward, dealer additions, new product launches and market share gains from unorganized/regional players will drive revenue growth. The management has also indicated distribution expansion in non-south regions so as to capture a wider market. V-Guard also plans to improve its product mix by launching premium products through in-house manufacturing

For details, click on the link below: Link to the report

Shares of V-Guard Industries Ltd. was last trading in BSE at Rs. 261.75 as compared to the previous close of Rs. 263.75. The total number of shares traded during the day was 39570 in over 1382 trades.

The stock hit an intraday high of Rs. 265.6 and intraday low of 260.4. The net turnover during the day was Rs. 10407412.

Source : Equity Bulls

Keywords