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Investment in DOMS Industries Limited with Technical AnalysisIntroduction DOMS Industries Limited, a leading player in the branded stationery and art material products market in India, has been making significant strides in its industry. With over five decades of experience, the company has established itself as a trusted brand, known for its excellence and innovation. This blog post will delve into the company's background, industry growth, financial performance, and what drives investor interest in DOMS, along with a technical analysis of the historical price data. Company Overview **History and Milestones:** - **Inception:** DOMS was originally incorporated as Writefine Products Private Limited in 2005. Over the years, it has undergone strategic partnerships, acquisitions, and expansions to become the entity it is today . - **Key Milestones:** The company has marked significant milestones, including the acquisition of R.R. Industries and S. Tech Industries, entry into the back-to-school segment with Skido Industries, and backward integration through Micro Wood Private Limited . **Product Portfolio:** - **Diverse Offerings:** DOMS boasts a wide range of products, including scholastic stationery, art materials, paper stationery, kits and combos, office supplies, hobby and craft items, and fine art products. The company has over 4,000 SKUs and a strong presence in 28 states and 8 union territories in India, as well as in more than 50 countries worldwide . Industry Growth Across the Globe **Stationery and Art Materials Market:** - **Global Demand:** The global stationery and art materials market is driven by increasing demand from educational institutions, offices, and hobby enthusiasts. India, with its young population and emphasis on education, presents a particularly attractive market . - **Market Share:** DOMS has a significant market share in India, with approximately 12% market share overall and dominant positions in specific categories such as pencils (~29%) and mathematical instrument boxes (~30%) . Feature Growth **Research and Development:** - **Innovation:** DOMS places a strong emphasis on research and development, with a state-of-the-art R&D facility equipped with modern equipment. This focus on innovation has enabled the company to introduce high-quality, concept-driven products that meet evolving consumer preferences . **Manufacturing Excellence:** - **Backward Integration:** The company has backward-integrated manufacturing facilities, producing essential components in-house to enhance efficiency, quality control, and profitability. This approach minimizes dependence on third parties and ensures superior product quality . **Distribution Network:** - **Multi-Channel Distribution:** DOMS has a robust distribution network that includes general trade, modern trade, and e-commerce channels. This network, supported by advanced inventory and sales management systems, ensures effective market penetration and growth . Financial Performance **Revenue and Profitability:** - **Revenue Growth:** During the financial year 2023-24, DOMS achieved an operational revenue of ₹153,714 lakhs, representing a substantial growth of 26.8% compared to the previous year. The company's EBITDA margin increased to 17.7%, with EBITDA of ₹27,273 lakhs. Net profit after tax stood at ₹15,966 lakhs, with a healthy margin of 10.4% . - **Consolidated Financials:** Consolidated revenue from operations increased by 26.84% to ₹153,714.18 lakhs, with domestic sales increasing by 33.32% and export sales by 3.93% . **Financial Ratios:** - **EBITDA Margin:** The EBITDA margin for the financial year 2023-24 was 17.7%, indicating strong operational efficiency . - **PAT Margin:** The profit after tax margin was 10.4%, reflecting healthy profitability . - **Return on Equity (ROE):** The ROE for the financial year 2023-24 was 27.75%, indicating strong returns for shareholders . Technical Analysis of Historical Price Data **Trend Analysis:** 1. **Overall Trend:** - The historical price data from January 2024 to September 2024 shows a general upward trend with some volatility. The stock price has moved from around ₹1,277 in January 2024 to approximately ₹2,732 in September 2024, indicating a significant increase over the period . 2. **Support and Resistance Levels:** - **Support Levels:** Key support levels can be identified at around ₹1,800 (seen in April and May 2024) and ₹2,200 (seen in June and July 2024). These levels have acted as strong support during the price movements. - **Resistance Levels:** Resistance levels are observed at around ₹2,600 (seen in August and September 2024). This level has been tested multiple times and has shown some resistance to further price increases. 3. **Price Action Movement:** - **Bullish Movements:** There have been several bullish movements, notably from ₹1,500 in March 2024 to ₹1,800 in April 2024, and from ₹2,200 in July 2024 to ₹2,600 in August 2024. These movements indicate strong buying interest and positive sentiment towards the stock. - **Volatility:** The stock has experienced volatility, especially during periods of economic uncertainty or significant market events. For example, the price dropped from ₹2,300 in June 2024 to ₹1,900 in July 2024, only to recover and reach new highs. 4. **Important Indicators:** - **Moving Averages:** The 50-day and 200-day moving averages can be used to gauge the trend. As of the latest data, the stock price is above both the 50-day and 200-day moving averages, indicating a strong uptrend. - **Relative Strength Index (RSI):** The RSI has fluctuated between 30 and 70, indicating periods of overbuying and overselling. Currently, the RSI is around 60, suggesting that the stock is not overbought and has room for further upside. 5. **Volume Analysis:** - **Trading Volume:** The trading volume has been significant during key price movements, indicating strong participation from investors. For instance, the volume was high during the price increase from ₹1,500 to ₹1,800 in April 2024 and during the recent rally to ₹2,700 in September 2024. What Drives Investor Interest **Growth Prospects:** - **Capacity Expansion:** DOMS is expanding its manufacturing capacity, including the construction of a new facility on a 44+ acre land parcel in Umbergaon, Gujarat. This expansion is expected to significantly increase production capacity and drive future growth . - **Strategic Acquisitions:** The company has made strategic acquisitions, such as the acquisition of Micro Wood Private Limited and a stake in ClapJoy Innovations Private Limited, to enhance its product portfolio and manufacturing prowess . **Strong Brand Positioning:** - **Brand Recognition:** DOMS has been recognized for its achievements, including being honored as ‘India’s Most Trusted Brand’ and ‘Asia’s Most Trusted Brand’ . - **Market Penetration:** The company's strong brand positioning and extensive distribution network enable it to influence consumer decisions and improve pricing strategies . **Corporate Governance and Sustainability:** - **Robust Governance:** DOMS has a strong corporate governance structure, with a board comprising experienced directors and a robust committee system. The company has also implemented various policies, including a dividend distribution policy and a nomination and remuneration policy . - **Sustainability Initiatives:** The company is committed to sustainability, with initiatives focused on reducing emissions, managing waste, and utilizing eco-friendly materials. DOMS also engages in social responsibility activities, such as contributing to the construction of a hospital and providing educational scholarships . Conclusion DOMS Industries Limited presents a compelling investment opportunity due to its strong brand presence, diversified product portfolio, robust manufacturing and distribution capabilities, and commitment to innovation and sustainability. The company's impressive financial performance, coupled with its growth prospects and strategic initiatives, make it an attractive choice for investors looking to capitalize on the growing stationery and art materials market. The technical analysis of the historical price data indicates a strong uptrend with significant support levels and potential for further growth, making DOMS a promising investment for those looking to benefit from its upward trajectory.
NSE:DOMSLong
by stocktechbot
False move monday on BitcoinWe are currently sitting at the EMA50 on the 4hr timeframe. It looks like we are doint a mean reversion here again. The top was quick and formed a wick but I couldn't finde any vector candle that could be liquidity pools to recover. We also have a CME GAP at $54.2k which will be recovered soon in my opinion. We had the retest of the $58k level which was very important but I expected it to happen on wednesday. Lets observe price action but my observation leans towards shorting.
CME:BTC1!Short
by reports20netrust
$SPY September 10, 2024AMEX:SPY September 10, 2024 15 Minutes. As expected, 546-547 done. not to short as it broke, retraced back to top of channel and bounced back from 544.19. So, for the fall 547.72 to 544.19 holding today 545 levels we can see uptrend probably to 550-552 levels being 200 averages. 539 levels formed a base as discussed couple days ago. So, for the rise 539.44 to 546.39 to 542.69 we have 533-554 as 1.6 times extension. For the rise 542.69 to 547.72 we have 544.6 as 61.8% retracement. Hence this number 544-545 is important for today to hold for 550-554 levels.
AMEX:SPYLong
by RiderTrader
15
ASX 200 futures enter the “death zone” for bulls ASX 200 SPI futures and bullish moves above 8000 haven’t mixed well in 2024, resulting in a raft of failed breaks, long topside wicks and topping patterns. It’s akin to a “death zone” for bulls, starving rallies of oxygen before eventually reversing. I’m not outright bearish just because we’re back above the level, especially when momentum indicators are providing mixed signals, but I am interested in what happens near-term as it may dictate what happens longer-term. We’ll either get another topping pattern, or a bullish raid will finally stick. So, I’m waiting. I’m especially interested in how the price fares around 8080, if it gets there. The market has only been able to push through it once and never closed there. Given the track record and current valuations, I’m more inclined to sell rallies but I want the price signal to do so. If we see another failed attempt around 8080, you could sell with a stop either above the level or the high set in August, depending on your eventual target. On the downside, the 50-day moving average looms as one, with 7871, 7794 and 7721 the next after that. If the price were to break and close above 8121 before extending the move, the bearish bias would be negated. Good luck! DS
ASX24:AP1!
by FOREXcom
1
GrowGeneration | GRWG | Long at $1.90GrowGeneration NASDAQ:GRWG is approaching one of my favorite technical analysis setups as it gets closer to my selected historical simple moving average (SMA: the white and teal lines). Often, but not always (i.e. public offering news...), the price will jump to the selected historical SMA after a long period of consolidation - which has been occurring for some time. Additionally, the President, CEO, and Director of NASDAQ:GRWG have been buying shares recently near $2 which is a bullish indicator. There are currently only 54.8 million floating shares and an 8%+ short interest, so this could get interesting if the election cycle whips up new interest/chatter about national decriminalization of marijuana. As a result, GrowGeneration is in a personal buy zone at $1.90. Target #1 = $2.20 Target #2 = $2.50 Target #3 = $3.00 Target #4 = $3.50
NASDAQ:GRWGLong
by WorthlessViews
A Trade as Simple as "Shooting Ducks in a Barrel" - BTC LONGDISCLAIMER: This is not trade advice. This is for educational and entertainment purposes only to demonstrate how I intend to participate in this market. Trading involves real risk. Do your own due diligence. People like myself (with average-to-below average intelligence) need a simple strategy. My "Ducks in a Barrel" strategy is exactly that. Simple. Clear. Rules Based. Effective. Zero Discretion. BTC (and several other cryptos, for that matter), are setup for "Ducks in a Barrel" long trades. Lets review the process for identifying these setups. To be clear, this is not a "long now" post. This market is SETUP. This is not a timing tool. We get into the market once we get a technical long TRIGGER on the Daily timeframe. From there, we FOLLOW THROUGH on the trade by managing risk and maximizing profit. Without the TRIGGER, we have not trade. STEP 1: Identify a market with a strong trend on the weekly timeframe. I utilize the 39 and 52 period MA. For uptrends, we want to see both MA's sloping up and pulling away from each other. We see on BTC that the two MA's are still upward sloping and pulling away from each other. This confirms step 1, that we are in a strong uptrend. STEP 2: We need at least 2 of the following to be in unison with the direction we want to trade (in the case of BTC, we need 2 of these to support the long idea). VALUATION: For longs, we need an undervaluation vs Gold &/or Treasuries. STOCHASTIC: For longs, we need to see the market is oversold. SENTIMENT: For longs, we want to see Bearish advisor sentiment (we fade the public sentiment). STEP 3: We see that BTC is Oversold on the Stochastic and is Undervalued vs Gold & Treasuries. This meets our criteria of 2/3 indicators supporting our idea. This market is now SET UP for longs. Now we wait for the TRIGGER. STEP 4: We are waiting for Step 4 in Bitcoin right now. We need to see an entry TRIGGER on the daily timeframe via one of the following entry techniques. 18 Period MA Entry 10 high 8 close MAC w/ Williams Acc/Dis 57 MA Confirmation Entry Stop either 150% of 3 Period ATR, or 2 times the width of the MAC, whichever is greater. There are other entry techniques, but they are higher risk. The two entry techniques above will not catch the absolute bottom, but will ensure that you are buying into a confirmed trend change. Other entry techniques come with the risk of trying to "bottom/top" pick, which increases your odds of several losses prior to the real move occuring. If you have questions about the "Ducks in a Barrel" strategy, feel free to shoot me a message. I hope you all have a great week. And as always..... Good Luck & Good Trading.
Long
by Tradius_Trades
4
Lennar Sneaks Higher as Tech PlungesHomebuilders like Lennar have been climbing as the broader market struggles. Could traders look for more gains as the Federal Reserve prepares interest-rate cuts? The first pattern on today’s chart is the rally to new highs in July, followed by a limited pullback and upside continuation in August. Such price action may reflect accumulation by longer-term investors. Second, last week’s low occurred on Wednesday. That contrasts with the broader market, which closed near its lows on Friday. LEN’s level was also near a weekly high on August 7. Has old resistance become new support? Third, the price zone was near a 50 percent retracement of the rally from August’s trough. That may further suggest that bulls are in charge. Next, the stock is holding its 21-day exponential moving average (EMA). Our 2 MA Ratio custom script in the lower study also shows how the 8-day EMA is above the 21-EMA, a potential sign of bullishness in the near term. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:LEN
by TradeStation
$SPY September 9, 2024AMEX:SPY September 9, 2024 15 Minutes. AS expected, AMEX:SPY being under all moving averages in 15 minutes kept on making lows for 2 days. Now if we consider the fall 551.58 to 539.44 then 544-546 is a good level to short. I will but only above 565 at the moment. If we take the rise from 510 to 564 AMEX:SPY has retraced 50% of the move. Now holding 530 is important as it is the 61.8% retracement for the move. 536 looks a good target now as it is also 100 averages in daily time frame. The oscillator in 15 minutes is making lower low along with price. 200 averages in 15 minutes are around 553 levels. So, at the moment downtrend in 15 minutes.
AMEX:SPYShort
by RiderTrader
3
According To The "13 EMA" Zoom Is Down Trending Am trying to grow a garden But am not sure of selling vegetables To the local market is profitable. Maybe if I calculate my expenses well including taxes,then this will build my confidence to sell vegetables one day. This stock NASDAQ:ZM is down trending using the "13 EMA" system you can clearly see this. As it drops after a major rally. According to the Breaking News⚡ right Here on TradingView One of the officers of the company wants to resign or something like that. This is negative news which may cause this stock to plumet!! Down. 👉 Because it's in a down trend 👉 Because the Breaking News is negative 👉 Because it's after rally that's when you sell. You should get ready for a market crash ⬇️🧟 To learn more 🚀 Boost this content Thank you for reading. ⚠️ Warning: Trading is risky because of this you will lose money wether you like it or not please Learn risk management and profit taking strategies.
NASDAQ:ZMShort
by lubosi
Nasdaq 100 Futures (NQ) ShortCurrently the price is going down and breaching through all the supports or Fibonacci levels. 1- Price is currently under a death cross (8 EMA above 21 EMA). 2- Pink trend line was broken. 3- Then, price is going down through a downwards parallel channel. 4- There is liquidity still to be met in that green rectangle. 5- 78.6% Fibonacci is coincident with the white trend line that is the ultimate support since January 2023. 6- If the white line is broken down, then price will go to lower levels and may be the start of a bear market. 7- If price rebounds at 78.6% Fibonacci, then it can go for the liquidity in the red rectangles. In summary, 17,923 is the target #1, then we should wait for price action to determine what's the next target.
CME_MINI:NQ1!Short
by hungryOatmeal4528
1
Buy Signal on USD/ZAR at Market Open on September 9Description: This idea analyzes a buy signal on the USD/ZAR 1-hour chart, highlighted by the yellow bar. The signal is expected to activate at the market opening on September 9, based on the following conditions: Signal Conditions: Moving Averages : The chart uses two moving averages: a 50-period SMA (red line) and a 26-period EMA (blue line). The buy signal occurs when the EMA crosses above the SMA, indicating a potential upward trend reversal. Gray Zone : The gray zone shows that the current price is above the previous day's closing price, signaling bullish momentum and reinforcing the buy signal. Bull Bear Power with Line Indicator : The indicator shows increasing bullish pressure, with the green histogram rising into the positive zone, further confirming the upward move. These conditions suggest a strong potential for price continuation to the upside after the market opens. Trade Setup: Entry Point : 17.8660 Stop Loss : 17.5036 Take Profit : 18.0690 Disclaimer : This idea is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult with a professional before making trading decisions.
Long
by Tezbot
Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. As Stop loss is Big, Risk to Reward Ratio/ Target Ratio 1:1. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:CHAVDA
by AnsariTV
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. It 50 SMA Rising. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:TORNTPOWER
by AnsariTV
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. It 50 SMA Rising. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:SHARDACROP
by AnsariTV