Dlink India has been a dominant player in networking products… Fundamentally it was a sleepy company not going anywhere. But it has been consistent in terms of growth, though growth can be termed as sedate. Since last two quarters things have improved a lot on profitability front and margins which were normally 6-7% jumped to 10% in Sep 22 qtr and further up to 13% in Dec 22 quarter. Part of the reason for this margin improvement has been discussed on VP thread on the company, where one can browse for fundamental inputs.
Technically the stock price broke out (during Oct 2022) above previous ATH of 252 posted in July 2015 and went on to post fresh ATH of 311 before weak markets took its toll on its stock price. Since then it has been consolidating above and below the previous ATH in a triangular consolidation pattern. A strong move above 250 will confirm this triangular breakout.
Also worth noting is the lovely rounding bottom formation seen in weekly charts with breakout above 244.5 (closing weekly high) . Since this breakout, above mentioned triangular consolidation is marked on right side of chart. disc: invested.
