Buy RCI Industries and Technologies; target of Rs 262: Joindre Capital Services
Joindre Capital Services recommended buy rating on RCI Industries and Technologies with a target price of Rs 262 in its research report dated August 08, 2017.
Joindre Capital Services' research report on RCI Industries & Technologies
RCI Industries & Technologies Limited initially incorporated in 1992 started as a trading player in Ferrous and Non Ferrous Metals. After this RCI established a 100% EOU – Satya Metals as partnership Firm in 2006 which was subsequently merged with RCi Industries with also RCI getting listed on the BSE SME platform initially in 2014.Outlook
Going ahead we expect RCI’s earnings to grow at a 35% CAGR over FY16-19E led by a rising healthy topline growth, prudent product shift strategy, operating leverage benefits from increased product capacity, controlled raw materials costs and higher domestic and export markets opportunities. Hence we believe that the RCI stock.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.