ZF steering is an auto ancillary company catering mainly to CV segment, which is the strongest sub segment within the auto space. Topline growth has been good in last couple of quarters. Margins also have seen upticks since past two quarters. This seems to be a company which can exhibit strong operating leverage.
The weekly GMMA chart shows a good breakout from a flag like consolidation which lasted nearly an year. If successful, pattern target can be close to 750. Today it gave a strong breakout with more than average volumes to close around 555. disc: token position as a techno funda bet.
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