Share India recommends BUY Rama Steel and Tubes Ltd for a target of Rs 240

Share India Securities Ltd, a leading knowledge and technology driven stock broker, recommends buying Rama Steel and Tubes Ltd, for a target of Rs 240 in the next 3-6 months.

Rama Steel in its JV – Pir Panchal Construction Pvt Ltd. (PPCPL) – wherein it holds 25% stake – has won orders worth INR 2,880mn for supply and erection of transmission lines for rural electrification. The order has been awarded by Uttarakhand Power Corporation Ltd. and Himachal Pradesh Electricity Board. Orders are stated to be executed in next 24 months.

Share India expect better results from the company in future and FY18E/19E EPS of INR 9.5 and INR 12 respectively. Share India recommends a BUY on the stock with a price target of INR 240 (20x FY19E EPS). The stock is a candidate for re-rating as higher demand leads to better revenue and per unit realization.

About Share India Securities Ltd

Share India Securities Ltd, engaged in the business of equity broking, investing and trading activities for the last 24 years, became 200th SME Company to get listed on BSE SME Platform on 5th October 2017. The Company currently have a network of around 5 sub brokers and 173 Authorised persons registered with it in BSE and 03 sub brokers and 163 Authorized persons in NSE all over India catering to the needs of our clients. The Company currently operates in Uttar Pradesh, New Delhi, Punjab, Haryana, Rajasthan, Andhra Pradesh and Maharashtra. Going forward the Company plans to establish its presence in the western and central region and intend to set up branch offices in major cities. The emphasis is on expanding the scale of their operations as well as growing their network across India.

The company in addition to providing the services as a Depository Participant, Research Analyst, Mutual Fund Advisor/Distributor, has also filed an application with Securities and Exchange Board of India for the registration of Company as a Portfolio Manager.

The Company has received many Awards and Recognitions some of them are, an award for appreciation for our contribution in the 1 crores Demat accounts opened by CDSL. Company has been accredited with certificate for being among the top performing members for the year 2015-16 in equity and equity derivatives segment of the National Stock Exchange of India Limited. Company has been accredited with certificate for being among the top performing members for the year 2015-16 in Currency derivative segment of the National Stock Exchange of India Limited.

For more information, please contact: Mr. Aryan Prem Rana, AARYANA MATASCO

info@aaryanamatasco.com

www.aaryanamatasco.com

Comments

Smallcase Platform: 2025 Wealth Creation Strategies to Achieve Your Investment Goals

By Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital In the intricate world of finance, wealth creation is a universal aspiration among investors, though few truly attain it. With a plethora of investment products, philosophies, and strategies available, the challenge is identifying an approach that not only offers returns but also minimizes risk. At OmniScience Capital, we believe the key to successful wealth creation lies in a scientific and disciplined investment strategy. Our unique offerings, rooted in the principles of Scientific Investing, are designed to help you achieve your financial goals with confidence. Pioneering Global Investing and Outperforming on Smallcase Platform OmniScience Capital, a global investment management firm specializing in global and Indian equities, is a pioneer in global investing and growth vectors such as Defense and Digital Transformation. Our strategies have consistently identified and capitalized on growth vectors tha...

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...

Press Release: Prachay Capital Limited (Company/ Issuer / Prachay Capital) Announces Public Issue of Secured NCDs

Prachay Capital Limited, an RBI-registered Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC), has announced the public issue of its Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) to raise up to ₹100 Crore. The BBB-/Stable CRISIL-rated NCDs offer investors a 13% p.a. return with monthly interest payments, making it a fixed-income investment opportunity. The proceeds from this issue of NCDs will be primarily used for the stated fund utilization. Speaking about the issue, Mr Girish Murlidhar Lakhotiya, Managing Director, Prachay Capital Limited said: "This NCD issue is a key step in Prachay Capital’s expansion strategy. With our focus on structured corporate lending and investment in private debt instruments, we aim to generate strong and sustainable returns for our investors while maintaining a robust financial profile. Prachay Capital has zero delays in servicing liabilities and has Gross NPA of 0% on its Assets Under Management (AUM). The Compa...

Wealth Growth Path

Search This Blog