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      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