Brake Linings, Disk Pads, Clutch Facings, Stocks given Breakout

Hello everyone, i hope you all will be doing good in your trading and your life as well. I have brought another monopoly stock which has highest market share in brake lining, disk pads, clutch facing, this company works also for Railway Brake Blocks. Stock name is Rane Brake Lining (RBL) is part of the Rane Group of Companies, a leading auto component group based out of Chennai. RBL manufactures friction material products such as Brake linings, Disc pads, Clutch facings, Clutch buttons, Brake Shoes, and Railway brake blocks.

RSI AND MACD IS SHOWING BULLISH CROSSOVER
STOCK HAS TAKEN SUPPORT OF LONG TERM SUPPORT LINE SINCE IT MADE FIRST LOW AFTER DEBUTING IN MARKET.
BREAKOUT GOT SUPPORTED BY GOOD VOLUMENT INCREAMENT ON DAILY, WEEKLY AND MONTHLY CHART.

Market Cap
₹ 775 Cr.
Current Price
₹ 1,003
High / Low
₹ 1,093 / 643
Stock P/E
18.8
Book Value
₹ 364
Dividend Yield
2.49 %
ROCE
20.5 %
ROE
15.2 %
Face Value
₹ 10.0
Industry PE
33.1
Debt
₹ 0.63 Cr.
EPS
₹ 52.1
Promoter holding
70.9 %
Intrinsic Value
₹ 830
Pledged percentage
0.00 %
EVEBITDA
9.95
Change in Prom Hold
0.00 %
Profit Var 5Yrs
2.02 %
Sales growth 5Years
5.16 %
Return over 5years
12.0 %
Debt to equity
0.00
Net profit
₹ 40.3 Cr.
ROE 5Yr
13.8 %
Profit growth
23.1 %

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Best Entry got triggered