Shares of RACL Geartech Limited have delivered over 4,600% return in the last 10 years and over 500% return in the last 5 years
RACL Geartech was incorporated in 1983 and is engaged in the business of manufacturing of transmission gears and shafts for automotive and industrial applications
Shares of RACL Geartech Limited hit its 52-week high of Rs 811 on December 6, 2022, and a 52-week low of Rs 444.40 on September 30, 2022
Currently, the shares of RACL Geartech are down over 8% from its 52-week high of Rs 811
Investors can buy the stock in the Rs 710- 725 band and add on dips in Rs 640-655 band for a base case fair value of Rs 785 and bull case fair value of Rs 855 over the next 2-3 quarters, as per HDFC Securities
The energy crisis that has hit European nations could be a blessing in disguise for companies like RGL, the brokerage said
HDFC Securities said RGL’s Revenue/EBITDA/PAT will grow at 20/22/19% CAGR over FY22-FY25E, led by increased demand from existing customers and the addition of new clients
Shares of RACL Geartech ended 1% lower at Rs 739.90 on BSE on January 6, 2023. The market cap of the firm fell to Rs 797.73 crore
The stock mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position
Produced by: Tanya Aneja
Designed by: Pragati