Indus, a German company with interests in several industries that develops through numerous acquisitions, should extend its long-scale bullish evolution.

According to financials, Indus could increase its core sales to EUR 1,282 million in 2014 from EUR 1,195 million in 2013. Margins may also climb at gradual paces. Financial leverage is expected to drop to 1.8x on the ongoing fiscal year. Consensus on earnings for the current quarter is an estimate of EUR 2.75 per share and EUR 3.02 for the next financial period. Furthermore, the low P/E ratio of only 13 times estimated benefits could renew interest among traders on the group. Shareholders reward rises year over year, they could gain EUR 1.17 per share by the end of the year and EUR 1.29 is previewed for 2015. Yields remain quite high at 3.23%.

The equity trades upside over the long term supported by moving averages on all time scales. Nowadays, the share trades between EUR 35.4 and EUR 37.3 and registers a great performance since the beginning of the year (+23%). Moreover, technical patterns seem to support positive orientation with EUR 40 in the line of sight.

In sum, a long position could be taken at current prices. The breakout of the EUR 37.3 will validate the continuity of buyer’s pressure. A stop-loss order could be placed at EUR 34.4.