I agree with your analysis.

Regarding company, i’ve one more investing rational,
as company mentioned in last earning call, apart from Smart meters, major focus is on Transmission. In this field, Techno has great experience and will be fastest growing vertical of company.

With 1400crs cash equivalent , Billing of Data -centre and Robust order book, it can be a good candidate for re-rating apart from growing EPS.

PS: Invested in this company.

Stocks coming out from longterm consolidation is for larger timeframe investing. Only way i screen is weekly all the nse charts. I donot have any screener or you can say i don’t like to have one! I visually like to see price & volume action developing then check the fundamentals. At present – some of the chemical names are in consolidation mode. Best is to keep them in your watchlist, study fundamentals (few are doing big capex) and buy tracking quantity when they are the support. This is what i try to do!

@Naresh

The whole large cap IT pack has been in a long consolidation mode since a long time… Some of them might be breaking out, but I don’t track the sector or any stock in the sector .

Found the following data on PCB manufacturers in India

The asset turnover is around 1x for most players and margins vary depending on the complexity of PCB manufactured. PCB may be single, double or multi layered. Smartphone PCBs for example can have more than 16 layers while military electronic equipment have hundred layers.

There is another listed company called Fine line which does 30 cr of topline in the same business. Topline has been stagnant since the past 10 years.

India has been doing PCBA and backward integrating into PCB is the next natural step for the industry. How does one understand the competitive positioning or capex plans for the company going forward?