Hemang Resources Share Price

Hemang Resources Investment Rating

• Master Rating:

• Hemang Resources has an operating revenue of Rs. 134.68 Cr. on a trailing 12-month basis. An annual revenue growth of 479% is outstanding, Pre-tax margin of 43% is great, ROE of 102% is exceptional. The company has a reasonable debt to equity of 12%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 65% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 0 which is a POOR score indicating inconsistency in earnings, a RS Rating of 99 which is GREAT indicating the outperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 75 indicates it belongs to a poor industry group of Electronic-Parts and a Master Score of D is close to being the worst. Overall, the stock has some relative strength and buyer demand but we want to see further fundamental performance to qualify as a growth stock.