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The Hi-Tech Gears Limited
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Let's analyse The Hi-Tech Gears Limited together

PenkeI guess you are interested in The Hi-Tech Gears Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of The Hi-Tech Gears Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of The Hi-Tech Gears Limited (30 sec.)










What can you expect buying and holding a share of The Hi-Tech Gears Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.07
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR188.61
Expected worth in 1 year
INR238.50
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR55.89
Return On Investment
7.3%

For what price can you sell your share?

Current Price per Share
INR769.45
Expected price per share
INR412.07 - INR
How sure are you?
50%

1. Valuation of The Hi-Tech Gears Limited (5 min.)




Live pricePrice per Share (EOD)

INR769.45

Intrinsic Value Per Share

INR-67.41 - INR222.53

Total Value Per Share

INR121.20 - INR411.14

2. Growth of The Hi-Tech Gears Limited (5 min.)




Is The Hi-Tech Gears Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$42.5m$39.6m$2.8m6.7%

How much money is The Hi-Tech Gears Limited making?

Current yearPrevious yearGrowGrow %
Making money$2.7m-$132.2k$2.9m104.8%
Net Profit Margin2.0%-0.1%--

How much money comes from the company's main activities?

3. Financial Health of The Hi-Tech Gears Limited (5 min.)




4. Comparing to competitors in the Auto Parts industry (5 min.)




  Industry Rankings (Auto Parts)  


Richest
#467 / 564

Most Revenue
#263 / 564

Most Profit
#319 / 564

Most Efficient
#354 / 564

What can you expect buying and holding a share of The Hi-Tech Gears Limited? (5 min.)

Welcome investor! The Hi-Tech Gears Limited's management wants to use your money to grow the business. In return you get a share of The Hi-Tech Gears Limited.

What can you expect buying and holding a share of The Hi-Tech Gears Limited?

First you should know what it really means to hold a share of The Hi-Tech Gears Limited. And how you can make/lose money.

Speculation

The Price per Share of The Hi-Tech Gears Limited is INR769.45. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of The Hi-Tech Gears Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in The Hi-Tech Gears Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR188.61. Based on the TTM, the Book Value Change Per Share is INR12.47 per quarter. Based on the YOY, the Book Value Change Per Share is INR5.33 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.50 per quarter.
Based on historical numbers we can estimate the returns while holding a share of The Hi-Tech Gears Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.150.0%0.150.0%-0.010.0%0.120.0%0.130.0%
Usd Book Value Change Per Share0.150.0%0.150.0%0.060.0%0.140.0%0.120.0%
Usd Dividend Per Share0.020.0%0.020.0%0.020.0%0.030.0%0.030.0%
Usd Total Gains Per Share0.170.0%0.170.0%0.090.0%0.180.0%0.150.0%
Usd Price Per Share3.03-3.03-2.58-2.42-2.82-
Price to Earnings Ratio20.54-20.54--366.11--60.24--18.80-
Price-to-Total Gains Ratio18.08-18.08-29.32-16.00-23.23-
Price to Book Ratio1.34-1.34-1.22-1.22-1.84-
Price-to-Total Gains Ratio18.08-18.08-29.32-16.00-23.23-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share9.2334
Number of shares108
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.03
Usd Book Value Change Per Share0.150.14
Usd Total Gains Per Share0.170.18
Gains per Quarter (108 shares)18.1119.25
Gains per Year (108 shares)72.4377.02
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
186562146367
21612913429125144
32319420643188221
43125927858250298
53932335072313375
64738842287375452
754453494101438529
862517566116501606
970582638130563683
1078647710144626760

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%16.01.00.094.1%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%15.02.00.088.2%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.01.094.1%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%15.02.00.088.2%

Fundamentals of The Hi-Tech Gears Limited

About The Hi-Tech Gears Limited

The Hi-Tech Gears Limited manufactures and sells auto components to automobile manufacturers and Tier 1 and 2 suppliers in India, the United States, and internationally. It offers transmission and engine components, driveline components, steering linkage, power take off components, and engineering design services for two wheelers, light vehicles, commercial vehicles, and off highway vehicles, as well as engine gears. The company also develops products and services in the field of robotics, artificial intelligence, automotive embedded systems, and computer vision and biometrics. The Hi-Tech Gears Limited was incorporated in 1986 and is based in Gurugram, India.

Fundamental data was last updated by Penke on 2024-03-23 11:10:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of The Hi-Tech Gears Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit The Hi-Tech Gears Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare The Hi-Tech Gears Limited to the Auto Parts industry mean.
  • A Net Profit Margin of 2.0% means that ₹0.02 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of The Hi-Tech Gears Limited:

  • The MRQ is 2.0%. The company is making a profit. +1
  • The TTM is 2.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ2.0%TTM2.0%0.0%
TTM2.0%YOY-0.1%+2.1%
TTM2.0%5Y2.2%-0.2%
5Y2.2%10Y3.3%-1.1%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0%3.9%-1.9%
TTM2.0%3.6%-1.6%
YOY-0.1%3.5%-3.6%
5Y2.2%2.9%-0.7%
10Y3.3%4.0%-0.7%
1.1.2. Return on Assets

Shows how efficient The Hi-Tech Gears Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare The Hi-Tech Gears Limited to the Auto Parts industry mean.
  • 2.3% Return on Assets means that The Hi-Tech Gears Limited generated ₹0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of The Hi-Tech Gears Limited:

  • The MRQ is 2.3%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.3%TTM2.3%0.0%
TTM2.3%YOY-0.1%+2.5%
TTM2.3%5Y2.1%+0.2%
5Y2.1%10Y3.6%-1.5%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3%1.2%+1.1%
TTM2.3%1.0%+1.3%
YOY-0.1%1.0%-1.1%
5Y2.1%1.0%+1.1%
10Y3.6%1.2%+2.4%
1.1.3. Return on Equity

Shows how efficient The Hi-Tech Gears Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare The Hi-Tech Gears Limited to the Auto Parts industry mean.
  • 6.5% Return on Equity means The Hi-Tech Gears Limited generated ₹0.07 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of The Hi-Tech Gears Limited:

  • The MRQ is 6.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.5%TTM6.5%0.0%
TTM6.5%YOY-0.3%+6.9%
TTM6.5%5Y6.3%+0.3%
5Y6.3%10Y8.5%-2.3%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ6.5%2.4%+4.1%
TTM6.5%2.2%+4.3%
YOY-0.3%2.1%-2.4%
5Y6.3%1.8%+4.5%
10Y8.5%2.3%+6.2%

1.2. Operating Efficiency of The Hi-Tech Gears Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient The Hi-Tech Gears Limited is operating .

  • Measures how much profit The Hi-Tech Gears Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare The Hi-Tech Gears Limited to the Auto Parts industry mean.
  • An Operating Margin of 5.9% means the company generated ₹0.06  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of The Hi-Tech Gears Limited:

  • The MRQ is 5.9%. The company is operating less efficient.
  • The TTM is 5.9%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ5.9%TTM5.9%0.0%
TTM5.9%YOY3.7%+2.2%
TTM5.9%5Y6.5%-0.6%
5Y6.5%10Y7.0%-0.6%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ5.9%6.0%-0.1%
TTM5.9%3.6%+2.3%
YOY3.7%4.6%-0.9%
5Y6.5%4.9%+1.6%
10Y7.0%4.8%+2.2%
1.2.2. Operating Ratio

Measures how efficient The Hi-Tech Gears Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Parts industry mean).
  • An Operation Ratio of 0.95 means that the operating costs are ₹0.95 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of The Hi-Tech Gears Limited:

  • The MRQ is 0.948. The company is less efficient in keeping operating costs low.
  • The TTM is 0.948. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.948TTM0.9480.000
TTM0.948YOY0.968-0.020
TTM0.9485Y0.941+0.007
5Y0.94110Y0.934+0.007
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9481.618-0.670
TTM0.9481.616-0.668
YOY0.9681.621-0.653
5Y0.9411.568-0.627
10Y0.9341.278-0.344

1.3. Liquidity of The Hi-Tech Gears Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if The Hi-Tech Gears Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Auto Parts industry mean).
  • A Current Ratio of 1.16 means the company has ₹1.16 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of The Hi-Tech Gears Limited:

  • The MRQ is 1.164. The company is just able to pay all its short-term debts.
  • The TTM is 1.164. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.164TTM1.1640.000
TTM1.164YOY1.199-0.035
TTM1.1645Y1.299-0.135
5Y1.29910Y1.255+0.044
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1641.649-0.485
TTM1.1641.646-0.482
YOY1.1991.604-0.405
5Y1.2991.579-0.280
10Y1.2551.351-0.096
1.3.2. Quick Ratio

Measures if The Hi-Tech Gears Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare The Hi-Tech Gears Limited to the Auto Parts industry mean.
  • A Quick Ratio of 0.93 means the company can pay off ₹0.93 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of The Hi-Tech Gears Limited:

  • The MRQ is 0.928. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.928. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.928TTM0.9280.000
TTM0.928YOY0.931-0.004
TTM0.9285Y0.971-0.043
5Y0.97110Y0.877+0.093
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9280.698+0.230
TTM0.9280.714+0.214
YOY0.9310.742+0.189
5Y0.9710.752+0.219
10Y0.8770.782+0.095

1.4. Solvency of The Hi-Tech Gears Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of The Hi-Tech Gears Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare The Hi-Tech Gears Limited to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.64 means that The Hi-Tech Gears Limited assets are financed with 64.0% credit (debt) and the remaining percentage (100% - 64.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of The Hi-Tech Gears Limited:

  • The MRQ is 0.640. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.640. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.640TTM0.6400.000
TTM0.640YOY0.670-0.030
TTM0.6405Y0.660-0.020
5Y0.66010Y0.586+0.074
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6400.497+0.143
TTM0.6400.497+0.143
YOY0.6700.497+0.173
5Y0.6600.497+0.163
10Y0.5860.487+0.099
1.4.2. Debt to Equity Ratio

Measures if The Hi-Tech Gears Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare The Hi-Tech Gears Limited to the Auto Parts industry mean.
  • A Debt to Equity ratio of 178.0% means that company has ₹1.78 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of The Hi-Tech Gears Limited:

  • The MRQ is 1.780. The company is just able to pay all its debts with equity.
  • The TTM is 1.780. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.780TTM1.7800.000
TTM1.780YOY2.030-0.250
TTM1.7805Y1.947-0.167
5Y1.94710Y1.611+0.336
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7801.014+0.766
TTM1.7801.017+0.763
YOY2.0301.031+0.999
5Y1.9471.040+0.907
10Y1.6111.047+0.564

2. Market Valuation of The Hi-Tech Gears Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings The Hi-Tech Gears Limited generates.

  • Above 15 is considered overpriced but always compare The Hi-Tech Gears Limited to the Auto Parts industry mean.
  • A PE ratio of 20.54 means the investor is paying ₹20.54 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of The Hi-Tech Gears Limited:

  • The EOD is 62.557. Based on the earnings, the company is expensive. -2
  • The MRQ is 20.537. Based on the earnings, the company is fair priced.
  • The TTM is 20.537. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD62.557MRQ20.537+42.020
MRQ20.537TTM20.5370.000
TTM20.537YOY-366.107+386.643
TTM20.5375Y-60.243+80.780
5Y-60.24310Y-18.799-41.444
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD62.55712.519+50.038
MRQ20.53711.721+8.816
TTM20.53712.530+8.007
YOY-366.10715.239-381.346
5Y-60.24316.864-77.107
10Y-18.79921.191-39.990
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of The Hi-Tech Gears Limited:

  • The EOD is 58.564. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 19.226. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 19.226. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD58.564MRQ19.226+39.338
MRQ19.226TTM19.2260.000
TTM19.226YOY-88.748+107.974
TTM19.2265Y-18.213+37.439
5Y-18.21310Y-4.556-13.657
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD58.5645.310+53.254
MRQ19.2264.924+14.302
TTM19.2263.607+15.619
YOY-88.7481.026-89.774
5Y-18.2132.264-20.477
10Y-4.5562.514-7.070
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of The Hi-Tech Gears Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Auto Parts industry mean).
  • A PB ratio of 1.34 means the investor is paying ₹1.34 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of The Hi-Tech Gears Limited:

  • The EOD is 4.080. Based on the equity, the company is fair priced.
  • The MRQ is 1.339. Based on the equity, the company is underpriced. +1
  • The TTM is 1.339. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD4.080MRQ1.339+2.740
MRQ1.339TTM1.3390.000
TTM1.339YOY1.220+0.119
TTM1.3395Y1.219+0.120
5Y1.21910Y1.842-0.623
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD4.0801.521+2.559
MRQ1.3391.481-0.142
TTM1.3391.516-0.177
YOY1.2201.624-0.404
5Y1.2191.700-0.481
10Y1.8422.242-0.400
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of The Hi-Tech Gears Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--12.47512.4750%5.329+134%12.070+3%10.006+25%
Book Value Per Share--188.606188.6060%176.131+7%165.470+14%135.895+39%
Current Ratio--1.1641.1640%1.199-3%1.299-10%1.255-7%
Debt To Asset Ratio--0.6400.6400%0.670-4%0.660-3%0.586+9%
Debt To Equity Ratio--1.7801.7800%2.030-12%1.947-9%1.611+11%
Dividend Per Share--1.4981.4980%1.999-25%2.786-46%2.798-46%
Eps--12.30012.3000%-0.587+105%10.079+22%10.892+13%
Free Cash Flow Per Share--13.13913.1390%-2.421+118%5.303+148%1.514+768%
Free Cash Flow To Equity Per Share---8.621-8.6210%3.182-371%-4.960-42%-0.298-97%
Gross Profit Margin--1.0001.0000%20.030-95%4.518-78%2.759-64%
Intrinsic Value_10Y_max--222.534--------
Intrinsic Value_10Y_min---67.410--------
Intrinsic Value_1Y_max--8.987--------
Intrinsic Value_1Y_min---1.892--------
Intrinsic Value_3Y_max--37.149--------
Intrinsic Value_3Y_min---9.930--------
Intrinsic Value_5Y_max--77.542--------
Intrinsic Value_5Y_min---22.560--------
Market Cap14448885990.000+67%4746826362.0004746826362.0000%4034496270.000+18%3782995652.400+25%4407494953.200+8%
Net Profit Margin--0.0200.0200%-0.001+106%0.022-8%0.033-39%
Operating Margin--0.0590.0590%0.037+59%0.065-9%0.070-16%
Operating Ratio--0.9480.9480%0.968-2%0.941+1%0.934+2%
Pb Ratio4.080+67%1.3391.3390%1.220+10%1.219+10%1.842-27%
Pe Ratio62.557+67%20.53720.5370%-366.107+1883%-60.243+393%-18.799+192%
Price Per Share769.450+67%252.600252.6000%214.850+18%201.420+25%234.695+8%
Price To Free Cash Flow Ratio58.564+67%19.22619.2260%-88.748+562%-18.213+195%-4.556+124%
Price To Total Gains Ratio55.068+67%18.07818.0780%29.318-38%15.996+13%23.231-22%
Quick Ratio--0.9280.9280%0.9310%0.971-4%0.877+6%
Return On Assets--0.0230.0230%-0.001+105%0.021+12%0.036-35%
Return On Equity--0.0650.0650%-0.003+105%0.063+4%0.085-24%
Total Gains Per Share--13.97313.9730%7.328+91%14.857-6%12.804+9%
Usd Book Value--42531120.00042531120.0000%39689160.000+7%37292904.000+14%30625449.794+39%
Usd Book Value Change Per Share--0.1500.1500%0.064+134%0.145+3%0.120+25%
Usd Book Value Per Share--2.2632.2630%2.114+7%1.986+14%1.631+39%
Usd Dividend Per Share--0.0180.0180%0.024-25%0.033-46%0.034-46%
Usd Eps--0.1480.1480%-0.007+105%0.121+22%0.131+13%
Usd Free Cash Flow--2962800.0002962800.0000%-545520.000+118%1195392.000+148%341363.813+768%
Usd Free Cash Flow Per Share--0.1580.1580%-0.029+118%0.064+148%0.018+768%
Usd Free Cash Flow To Equity Per Share---0.103-0.1030%0.038-371%-0.060-42%-0.004-97%
Usd Market Cap173386631.880+67%56961916.34456961916.3440%48413955.240+18%45395947.829+25%52889939.438+8%
Usd Price Per Share9.233+67%3.0313.0310%2.578+18%2.417+25%2.816+8%
Usd Profit--2773680.0002773680.0000%-132240.000+105%2271672.000+22%2452426.679+13%
Usd Revenue--136838160.000136838160.0000%113392320.000+21%105796464.000+29%82281494.360+66%
Usd Total Gains Per Share--0.1680.1680%0.088+91%0.178-6%0.154+9%
 EOD+4 -4MRQTTM+0 -0YOY+24 -125Y+20 -1610Y+19 -17

3.2. Fundamental Score

Let's check the fundamental score of The Hi-Tech Gears Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1562.557
Price to Book Ratio (EOD)Between0-14.080
Net Profit Margin (MRQ)Greater than00.020
Operating Margin (MRQ)Greater than00.059
Quick Ratio (MRQ)Greater than10.928
Current Ratio (MRQ)Greater than11.164
Debt to Asset Ratio (MRQ)Less than10.640
Debt to Equity Ratio (MRQ)Less than11.780
Return on Equity (MRQ)Greater than0.150.065
Return on Assets (MRQ)Greater than0.050.023
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of The Hi-Tech Gears Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5077.910
Ma 20Greater thanMa 50557.028
Ma 50Greater thanMa 100502.492
Ma 100Greater thanMa 200483.358
OpenGreater thanClose740.000
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets9,854,600
Total Liabilities6,310,340
Total Stockholder Equity3,544,260
 As reported
Total Liabilities 6,310,340
Total Stockholder Equity+ 3,544,260
Total Assets = 9,854,600

Assets

Total Assets9,854,600
Total Current Assets4,464,340
Long-term Assets5,390,260
Total Current Assets
Cash And Cash Equivalents 334,530
Short-term Investments 550,870
Net Receivables 2,121,090
Inventory 1,234,860
Other Current Assets 222,990
Total Current Assets  (as reported)4,464,340
Total Current Assets  (calculated)4,464,340
+/-0
Long-term Assets
Property Plant Equipment 4,247,720
Goodwill 314,490
Intangible Assets 526,330
Other Assets 131,440
Long-term Assets  (as reported)5,390,260
Long-term Assets  (calculated)5,219,980
+/- 170,280

Liabilities & Shareholders' Equity

Total Current Liabilities3,835,360
Long-term Liabilities2,474,980
Total Stockholder Equity3,544,260
Total Current Liabilities
Short-term Debt 2,171,340
Short Long Term Debt 2,136,050
Accounts payable 1,205,720
Other Current Liabilities 104,220
Total Current Liabilities  (as reported)3,835,360
Total Current Liabilities  (calculated)5,617,330
+/- 1,781,970
Long-term Liabilities
Long term Debt Total 2,401,350
Long-term Liabilities  (as reported)2,474,980
Long-term Liabilities  (calculated)2,401,350
+/- 73,630
Total Stockholder Equity
Retained Earnings 2,988,350
Accumulated Other Comprehensive Income 676,310
Total Stockholder Equity (as reported)3,544,260
Total Stockholder Equity (calculated)3,664,660
+/- 120,400
Other
Capital Stock187,680
Cash And Equivalents96,590
Cash and Short Term Investments 885,400
Common Stock Shares Outstanding 18,792
Current Deferred Revenue354,080
Liabilities and Stockholders Equity 9,854,600
Net Debt 4,238,160
Net Invested Capital 7,876,600
Net Working Capital 628,980
Property Plant and Equipment Gross 4,247,720
Short Long Term Debt Total 4,572,690



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-31
> Total Assets 
1,977,635
2,362,182
2,251,674
2,397,659
2,672,982
3,457,838
3,071,759
2,976,839
3,025,722
3,159,239
6,837,295
7,341,636
8,676,020
7,892,090
9,222,290
10,022,650
9,854,600
9,854,60010,022,6509,222,2907,892,0908,676,0207,341,6366,837,2953,159,2393,025,7222,976,8393,071,7593,457,8382,672,9822,397,6592,251,6742,362,1821,977,635
   > Total Current Assets 
862,417
892,528
803,547
922,006
1,119,748
1,403,913
1,131,288
1,169,022
1,246,614
1,352,684
2,527,549
2,896,519
3,637,780
2,795,030
3,527,650
4,098,980
4,464,340
4,464,3404,098,9803,527,6502,795,0303,637,7802,896,5192,527,5491,352,6841,246,6141,169,0221,131,2881,403,9131,119,748922,006803,547892,528862,417
       Cash And Cash Equivalents 
44,576
12,708
7,034
23,868
202,869
18,977
105,609
28,574
23,901
155,178
703,589
245,340
469,550
396,170
512,110
609,130
334,530
334,530609,130512,110396,170469,550245,340703,589155,17823,90128,574105,60918,977202,86923,8687,03412,70844,576
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
10,574
155,372
122,920
295,110
254,170
253,710
550,870
550,870253,710254,170295,110122,920155,37210,5740000000000
       Net Receivables 
0
0
0
0
0
0
0
572,903
706,655
702,320
1,133,851
1,612,910
1,875,920
982,150
1,657,990
2,067,860
2,121,090
2,121,0902,067,8601,657,990982,1501,875,9201,612,9101,133,851702,320706,655572,9030000000
       Inventory 
324,352
301,968
278,026
230,766
220,367
244,690
223,925
252,232
282,098
321,275
532,660
669,631
1,070,250
851,380
911,170
1,161,240
1,234,860
1,234,8601,161,240911,170851,3801,070,250669,631532,660321,275282,098252,232223,925244,690220,367230,766278,026301,968324,352
       Other Current Assets 
493,488
577,852
518,488
667,371
696,512
1,140,246
801,754
888,216
940,615
876,232
1,291,300
1,826,176
99,140
1,252,370
192,210
7,040
222,990
222,9907,040192,2101,252,37099,1401,826,1761,291,300876,232940,615888,216801,7541,140,246696,512667,371518,488577,852493,488
   > Long-term Assets 
1,115,218
1,469,653
1,448,127
1,475,653
1,553,235
2,053,925
1,940,471
1,807,816
1,779,108
1,806,555
4,309,746
4,445,117
5,038,240
5,097,060
5,694,640
5,923,670
5,390,260
5,390,2605,923,6705,694,6405,097,0605,038,2404,445,1174,309,7461,806,5551,779,1081,807,8161,940,4712,053,9251,553,2351,475,6531,448,1271,469,6531,115,218
       Property Plant Equipment 
1,114,395
1,469,613
1,448,086
1,475,612
1,553,194
2,008,536
1,882,675
1,775,738
1,728,675
1,764,806
2,736,309
3,277,669
3,528,670
3,691,470
4,249,760
4,523,390
4,247,720
4,247,7204,523,3904,249,7603,691,4703,528,6703,277,6692,736,3091,764,8061,728,6751,775,7381,882,6752,008,5361,553,1941,475,6121,448,0861,469,6131,114,395
       Goodwill 
0
0
0
0
0
0
0
0
0
0
437,157
463,326
472,880
491,830
534,480
557,320
314,490
314,490557,320534,480491,830472,880463,326437,1570000000000
       Long Term Investments 
0
0
0
0
0
0
0
41
41
683
1,222
520
35,680
0
0
0
0
000035,6805201,22268341410000000
       Intangible Assets 
0
0
0
0
0
1,262
0
13,873
4,907
4,148
1,293,090
683,852
633,920
614,200
610,070
580,930
526,330
526,330580,930610,070614,200633,920683,8521,293,0904,1484,90713,87301,26200000
       Long-term Assets Other 
823
41
41
41
41
44,127
57,796
32,078
50,433
41,749
155,716
175,117
487,600
-4,879,950
164,590
10
96,710
96,71010164,590-4,879,950487,600175,117155,71641,74950,43332,07857,79644,12741414141823
> Total Liabilities 
1,524,731
1,526,847
1,486,869
1,413,306
1,437,027
1,899,304
1,409,000
1,214,722
1,209,069
1,198,926
4,802,255
4,933,261
5,958,640
5,129,810
6,014,930
6,715,220
6,310,340
6,310,3406,715,2206,014,9305,129,8105,958,6404,933,2614,802,2551,198,9261,209,0691,214,7221,409,0001,899,3041,437,0271,413,3061,486,8691,526,8471,524,731
   > Total Current Liabilities 
431,620
562,919
735,929
821,429
794,195
1,371,142
1,000,591
981,832
1,143,584
1,136,912
2,246,858
1,985,998
2,701,170
1,949,990
2,608,940
3,418,620
3,835,360
3,835,3603,418,6202,608,9401,949,9902,701,1701,985,9982,246,8581,136,9121,143,584981,8321,000,5911,371,142794,195821,429735,929562,919431,620
       Short-term Debt 
0
0
0
0
0
0
39,506
78,752
298,720
412,661
761,116
811,702
1,307,530
519,820
957,310
1,492,270
2,171,340
2,171,3401,492,270957,310519,8201,307,530811,702761,116412,661298,72078,75239,506000000
       Short Long Term Debt 
0
0
0
0
0
0
0
417,600
141,817
1,329
761,116
808,651
1,304,780
498,900
406,790
1,447,700
2,136,050
2,136,0501,447,700406,790498,9001,304,780808,651761,1161,329141,817417,6000000000
       Accounts payable 
0
0
0
0
0
0
442,506
438,722
541,363
385,887
574,341
756,782
970,630
938,210
1,124,900
1,433,160
1,205,720
1,205,7201,433,1601,124,900938,210970,630756,782574,341385,887541,363438,722442,506000000
       Other Current Liabilities 
431,620
562,919
735,929
821,429
794,195
1,371,142
518,580
464,359
303,501
338,365
911,401
417,514
35
1,011,780
10
86,340
104,220
104,22086,340101,011,78035417,514911,401338,365303,501464,359518,5801,371,142794,195821,429735,929562,919431,620
   > Long-term Liabilities 
1,093,110
963,928
750,939
591,877
642,833
528,162
408,409
232,889
65,485
62,013
2,555,396
2,947,263
3,257,470
3,179,820
3,405,990
3,296,600
2,474,980
2,474,9803,296,6003,405,9903,179,8203,257,4702,947,2632,555,39662,01365,485232,889408,409528,162642,833591,877750,939963,9281,093,110
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
2,809
2,428,002
2,844,406
3,093,810
3,003,050
3,314,090
3,213,320
2,401,350
2,401,3503,213,3203,314,0903,003,0503,093,8102,844,4062,428,0022,809000000000
       Other Liabilities 
0
0
0
0
0
0
0
120,657
63,918
59,205
96,577
102,860
163,660
176,770
91,900
83,280
0
083,28091,900176,770163,660102,86096,57759,20563,918120,6570000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
54,614
0
0
0
0
0
0
00000054,6140000000000
> Total Stockholder Equity
452,904
835,335
764,805
984,353
1,235,955
1,558,534
1,662,758
1,762,117
1,816,652
1,960,313
2,035,041
2,408,375
2,717,380
2,762,280
3,207,360
3,307,430
3,544,260
3,544,2603,307,4303,207,3602,762,2802,717,3802,408,3752,035,0411,960,3131,816,6521,762,1171,662,7581,558,5341,235,955984,353764,805835,335452,904
   Common Stock
93,840
93,840
93,840
93,840
187,680
187,680
187,680
187,680
187,680
187,680
187,680
187,680
187,680
187,680
187,680
187,680
187,680
187,680187,680187,680187,680187,680187,680187,680187,680187,680187,680187,680187,680187,68093,84093,84093,84093,840
   Retained Earnings Total Equity00000000000000000
   Accumulated Other Comprehensive Income 
-543,028
-657,257
-772,061
-896,238
-1,050,434
-1,205,710
-1,388,341
-1,609,021
-1,942,646
-2,119,104
-3,134,266
-2,712,405
-3,772,630
-4,156,370
512,920
652,080
676,310
676,310652,080512,920-4,156,370-3,772,630-2,712,405-3,134,266-2,119,104-1,942,646-1,609,021-1,388,341-1,205,710-1,050,434-896,238-772,061-657,257-543,028
   Capital Surplus 00000000000000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
902,092
1,398,752
1,443,026
1,786,751
2,098,709
2,576,564
1,960,407
2,197,088
2,540,713
2,727,171
3,655,638
3,009,087
4,100,110
-2,708,130
0
0
-3,176,030
-3,176,03000-2,708,1304,100,1103,009,0873,655,6382,727,1712,540,7132,197,0881,960,4072,576,5642,098,7091,786,7511,443,0261,398,752902,092



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue11,403,180
Cost of Revenue-5,992,540
Gross Profit5,410,6405,410,640
 
Operating Income (+$)
Gross Profit5,410,640
Operating Expense-4,818,880
Operating Income595,740591,760
 
Operating Expense (+$)
Research Development0
Selling General Administrative2,184,120
Selling And Marketing Expenses0
Operating Expense4,818,8802,184,120
 
Net Interest Income (+$)
Interest Income331,660
Interest Expense-331,660
Other Finance Cost-331,660
Net Interest Income-331,660
 
Pretax Income (+$)
Operating Income595,740
Net Interest Income-331,660
Other Non-Operating Income Expenses0
Income Before Tax (EBT)339,420852,060
EBIT - interestExpense = 339,420
339,420
562,800
Interest Expense331,660
Earnings Before Interest and Taxes (EBIT)671,080671,080
Earnings Before Interest and Taxes (EBITDA)1,492,590
 
After tax Income (+$)
Income Before Tax339,420
Tax Provision-108,280
Net Income From Continuing Ops231,140231,140
Net Income231,140
Net Income Applicable To Common Shares231,140
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses10,811,420
Total Other Income/Expenses Net-256,320331,660
 

Technical Analysis of The Hi-Tech Gears Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of The Hi-Tech Gears Limited. The general trend of The Hi-Tech Gears Limited is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine The Hi-Tech Gears Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of The Hi-Tech Gears Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 568.40 > 440.00 > 412.07.

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The Hi-Tech Gears Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of The Hi-Tech Gears Limited. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

The Hi-Tech Gears Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of The Hi-Tech Gears Limited. The current macd is 61.99.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the The Hi-Tech Gears Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for The Hi-Tech Gears Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the The Hi-Tech Gears Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
The Hi-Tech Gears Limited Daily Moving Average Convergence/Divergence (MACD) ChartThe Hi-Tech Gears Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of The Hi-Tech Gears Limited. The current adx is 33.19.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy The Hi-Tech Gears Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
The Hi-Tech Gears Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of The Hi-Tech Gears Limited. The current sar is 543.17.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
The Hi-Tech Gears Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of The Hi-Tech Gears Limited. The current rsi is 77.91. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
The Hi-Tech Gears Limited Daily Relative Strength Index (RSI) ChartThe Hi-Tech Gears Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of The Hi-Tech Gears Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the The Hi-Tech Gears Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
The Hi-Tech Gears Limited Daily Stochastic Oscillator ChartThe Hi-Tech Gears Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of The Hi-Tech Gears Limited. The current cci is 204.47.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
The Hi-Tech Gears Limited Daily Commodity Channel Index (CCI) ChartThe Hi-Tech Gears Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of The Hi-Tech Gears Limited. The current cmo is 64.88.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
The Hi-Tech Gears Limited Daily Chande Momentum Oscillator (CMO) ChartThe Hi-Tech Gears Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of The Hi-Tech Gears Limited. The current willr is -8.33333333.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
The Hi-Tech Gears Limited Daily Williams %R ChartThe Hi-Tech Gears Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of The Hi-Tech Gears Limited.

The Hi-Tech Gears Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of The Hi-Tech Gears Limited. The current atr is 54.46.

The Hi-Tech Gears Limited Daily Average True Range (ATR) ChartThe Hi-Tech Gears Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of The Hi-Tech Gears Limited. The current obv is 7,219,781.

The Hi-Tech Gears Limited Daily On-Balance Volume (OBV) ChartThe Hi-Tech Gears Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of The Hi-Tech Gears Limited. The current mfi is 95.52.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
The Hi-Tech Gears Limited Daily Money Flow Index (MFI) ChartThe Hi-Tech Gears Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for The Hi-Tech Gears Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-16BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-14CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-16MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-23WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-22ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

The Hi-Tech Gears Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of The Hi-Tech Gears Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5077.910
Ma 20Greater thanMa 50557.028
Ma 50Greater thanMa 100502.492
Ma 100Greater thanMa 200483.358
OpenGreater thanClose740.000
Total4/5 (80.0%)
Penke

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