Ratnaveer Precision Engineering Shows Strong Growth Amid Declining Institutional Interest
Ratnaveer Precision Engineering, a microcap in the Iron & Steel Products sector, has recently adjusted its evaluation amid changing market sentiment. The company reported strong financial performance, including a 43.22% annual growth in operating profit, despite a slight decline in institutional investor participation.
Ratnaveer Precision Engineering, a microcap player in the Iron & Steel Products industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical landscape surrounding the stock, with indicators suggesting a transition in sentiment. The company has demonstrated a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.58 times. Additionally, Ratnaveer has reported positive financial performance in its latest quarter, with a notable annual growth rate of 43.22% in operating profit. Over the last six months, the company’s profit after tax reached Rs 22.02 crore, marking a growth of 48.08%, while net sales stood at Rs 457.67 crore, reflecting a 36.52% increase.
Despite these positive metrics, there has been a decline in participation from institutional investors, who have reduced their stake by 0.58% in the previous quarter. Currently, they hold 2.07% of the company, which may influence market perceptions.
Overall, Ratnaveer Precision Engineering has shown a market-beating performance with a 24.72% return over the past year, significantly outpacing broader market indices.
Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
