Welcome to Retail Investment Guide that brings to you comprehensively analyzed and hand-picked stocks from Dalal Street.
With this article, we are kicking off a new segment of bringing investment-worthy stocks into the spotlight, so retail investors can take their pick.
So let’s begin with today’s spotlight stock:
Rama Steel Tubes Ltd.
[ramasteel.com | BSE: 539309 | NSE: RAMASTEEL ]
Rama Steel Tubes, founded in 1974, is one of India’s top manufacturers of steel pipes and tubes, rigid PVC and G.I. pipes, and square section products.
The company manufactures and sells black, galvanized, and aluminum pipes and tubes. Many industries use these products, including real estate, defense, telecom, irrigation, and infrastructure.
Promoter holdings have increased by 8.13% since the last quarter.
For FY21, the company’s market cap is 674 crores, with domestic sales accounting for 82 percent and export sales accounting for 18 percent. The stock is currently trading at 401. The stock’s Book Value is 67.8 and its Dividend Yield is predicted to be 0.12 percent.
According to analysts, this stock can generate 14% compounded sales growth in the next 5 years and its stock price can increase by 24% during this period.
It must be evident why Rama Steel Tubes Ltd. has got our attention. We advise investors to keep an eye on this stock and research thoroughly about this company. After all, without research, how will you get confidence in your investment decision?
See you again in the next spotlight article, with another priceless stock. Until then, happy investing.