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Revenue for the March quarter came in at Rs 2,876.7 crore, up 19.9% from Rs 2,399.3 crore a year ago. Operating performance was equally robust, with EBITDA rising 52.8% to Rs 405.3 crore, compared to Rs 265.3 crore in the year-ago period.
The company’s EBITDA margin improved significantly to 14.1% from 11.1% last year, reflecting better realisations and operational efficiencies.
The board has recommended a final dividend of Rs 3.40 per share for FY25.Also Read: 8 Nifty Microcap stocks that can jump 100-230% in the next 12 months
DCM Shriram: Technical indicators
Technically, the stock’s Relative Strength Index (RSI) stands at 45.8. According to Trendlyne, an RSI below 30 indicates oversold conditions, while a reading above 70 suggests the stock is overbought. Additionally, the MACD is at -3.5, below both its signal and center lines—considered a strong bearish signal.
The stock is currently trading below its 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
Also Read: 5 timeless Warren Buffett quotes every investor should know
DCM Shriram: Share price performance
On Monday, DCM Shriram shares closed 3.7% higher at Rs 1,018.2 on the BSE, while the benchmark Sensex rose 0.37%. The stock is down 9% year-to-date but has gained 25% over the past two years. Its current market capitalisation stands at Rs 15,878 crore.
Also Read: SBI, LIC among 10 large-cap stocks that are below industry PE levels can rally up to 32%
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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