Sanghvi Movers Ltd (SANGHVIMOV) Latest Stock Analysis and Upcoming Targets:- Sanghvi Movers Ltd (NSE:SANGHVIMOV) has seen significant fluctuations in its share price recently, catching the attention of many investors. With the stock currently trading at INR 815.15, down by a substantial 20%, it’s crucial to analyze its upcoming buy levels, support zones, and overall outlook for potential short-term or swing investment.
Sanghvi Movers Ltd (NSE:SANGHVIMOV) Key Support Levels and Stop Loss
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| Sanghvi Movers Ltd (SANGHVIMOV), Stock Analysis and Upcoming Targets |
For those looking to invest in Sanghvi Movers Ltd, the critical support levels are identified between INR 810 to INR 720. This range is considered an optimal buy zone. Investors should be cautious and set a stop loss at INR 590 to mitigate any potential downside risks.
Sanghvi Movers Ltd Technical Analysis and Market Sentiment
The stock chart shows a notable support level around the INR 810 to INR 720 mark, with a significant resistance level near INR 1000 and 1400. The recent drop could be an opportunity for value investors to enter at lower levels. Considering the company's positive outlook for the latter half of FY25, now might be a strategic time to invest.
Sanghvi Movers Ltd Future Prospects and Company Updates
Sanghvi Movers Ltd has indicated a better visibility of crane deployment post-monsoon, specifically in H2FY25. The company expects business volumes, capacity utilization (CU), and yield to improve significantly during this period, with CU and yield anticipated to cross 80% and 2% respectively. Additionally, the company's estimated CAPEX for FY25 is projected to be around INR 180 to INR 200 crores, with crane deliveries expected by the end of Q3 FY25 or early Q4 FY25.
Sanghvi Movers Ltd Financial Performance
In Q1, Sanghvi Movers Ltd reported an EBITDA of INR 743 million, compared to INR 881 million year-on-year, with an EBITDA margin of 49.36% versus 60.30% YoY. These figures suggest a temporary dip, which might recover as the company’s pipeline and deployment plans come to fruition.
Conclusion
Given the Latest technical setup and future outlook, Sanghvi Movers Ltd (SANGHVIMOV) presents a compelling opportunity for investors looking for long-term gains. The support levels of INR 810 to INR 720 provide a strategic entry point, with a stop loss at INR 590 to protect against further declines. With positive business developments expected in H2FY25, the stock could see a significant rebound.