Firstcall's research report on Rane MadrasRane (Madras) Ltd. started with the inception of manufacturing facilities in the year 1960.The company is engaged in the manufacturer of steering & suspension systems for every segment of automobile industry. It offers its products to Passenger cars, Multi utility vehicles, Light commercial vehicles, heavy commercial vehicles and Farm tractors. Rane (Madras) Ltd is an IS0/TS 16949:2002 certifications for each of its manufacturing locations, IS0 14001 certified plants, OHSAS 18001 certified & Deming Prize winner in the year 2007. The company has two divisions namely - Steering gear (SGP), Steering and Suspension linkage Products (SSLP) and - Die casting Products The steering division manufactures manual steering gears, hydrostatic steering systems and steering and suspension linkage products. The company is a leading manufacturer of SGP and SSLP, RML holds 39% and 72% market share in India in both the products respectively. We recommend ‘BUY’ in this particular scrip with a target price of Rs.320.00 for Medium to Long term investment.For all recommendations, 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.
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