Tuesday, May 18, 2021

CIGNITITEC | Stock Analysis and Price Outlook

   

Cigniti Technologies Ltd.

Stock Price: 400


➽ Cigniti Technologies Ltd. is an independent Software Testing Services Company.It offers mature testing processes and methodologies that help ISVs and Enterprise IT organizations to achieve predictable, improved product quality levels, while reducing the time and cost associated with testing.

Nature ➽ Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.


Key  Summary

Promoters have decreased holdings from 37.39% to 37.23% in Mar 2021 qtr

FII/FPI have increased holdings from 0.06% to 0.25% in Mar 2021 qtr.

Number of FII/FPI investors increased from 6 to 8 in Mar 2021 qtr.

Institutional Investors have increased holdings from 0.24% to 0.46% in Mar 2021 qtr.


Financial Data Highlights

Market Cap1131.09
Book Value/ Share133.122
Enterprise Value145.09
Revenue TTM897.94
Gross Profit TTM376.36
Revenue /Share TTM321.94



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Technical Chart & Price Outlook


Bullish Momentum - Above Short, Medium and Long Term Moving Averages.
Hold and accumulate for the levels of 434 in short term , 482 in mid term and 598 in the long term.


Recent Valuation Summary

Company with Low Debt

Increasing Revenue every quarter for the past 3 quarters

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge

FII / FPI or Institutions increasing their shareholding

Strong Momentum: Price above short, medium and long term moving averages


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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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