Groups
IFBIND
✅Undervalued
✅FIIs increased stake in last quarter
✅Business :
-FB Industries Ltd (IFBIND) manufactures and sells home appliances like washing machines, microwaves, air conditioners, and kitchen appliances, along with fine blanked components for vehicles.
– Home appliance demand growing due to rising incomes and urbanization in India.
-New product launches (IoT, AI ovens, dishwashers) planned for FY24 to boost market share.
📋Fundamentals :
– Highest revenue in last 13 quarter
– YOY sales growth highest in last 11 quarter
– FIIs increased it’s stake
📈Technical
– Round bottom pattern breakout and re-test
– Watch above 1705 with support 1519 on closing basis

