Escorts Stock Study 2nd March 2023: -

 

Escorts Stock Study 2nd March 2023: - 

First View: -

Currently the stock is trending at the Price range between 1950 and 2150. In the stock's history we see that the stock price has touched 2360 and so we can see that this is a zone where the price has the potential to reach.

Study: - 

We see that the stock price has come up from a lower level and has sustained the price range by not going below 1900 since 

Will have a broader view for this stock which says that if we enter into this stock looking at the buying zone we'd have good chances of making 7:1 profit.

 

On the other hand the stock's level is fresh and hasn't gone back to the high which is also indicating that we'd have a chance if we enter the trade.

 

Let's look at some of the fundamental parameters:

The stock is trending at ₹ 2013 while the book value of the stock is ₹589 which is way higher than the book value  and any one would not be in a mood to buy one of them stocks at this high price

The Piotroski score is also 5 which means that currently this stock isn't a good buy and graham number is ₹784 which means that we should be okay to buy this stock at the price of ₹784 approx.

Over all the company is almost debt free currently trending higher than its media PE of 25, Altman z Score is 7.08 which is also a good sign since it won't go bankrupt soon. G Factor of the stock is 4 which is also low we'd be expecting for the G Factor also to be 7 plus.

Rest of the numbers seems to be fine with the stock and hence I will recommend to wait until we get the price of ₹784  for this stock. 

If at all the price changes, will update this block for all the fam to keep them updated