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Gained 132% In 1 Yr, With High ROE & Strong Net Income Growth, This Stock Reaches 52-Week High Today: Invest?

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Rajratan Global Wire Ltd is a small-cap company that has a market capitalization of 4,007 crore. The company is one of the leading manufacturers and suppliers of bead wire in India and also the only manufacturer of bead wire in Thailand.

 
Gained 132% In 1 Yr, With High ROE,This Stock Reaches 52-Week High Today:Invest?

Stock to Buy: Rajratan Global Wire Ltd - NSE data

The current market price of Rajratan Global Wire Ltd. stood at Rs. 785/share on NSE, gaining by 7.08%, till last traded. In the last 5 days, the share price of this company has gained by 8.76% on NSE, and in the last 1 month, its share price has gained by 10.95%. In the past 6 months, its stock price has surged by 49.43%. Additionally, in the last 1 year, its stock price surged by 132.47%, and in the last 5 years, it has risen by 2,005.69%.

The 52-week high level of this stock is Rs. 847.80, and the 52-week low level of this stock is Rs. 325.01.

Market capitalizationCurrent market price1 Year performance6 Months performance
Rs. 4,007 croreRs. 785.00132.47%49.43%

About the company: performances

According to data available with NSE, in Q4 FY22, the company's Total Income stood at Rs. 14,435 lakh, as against Rs. 13,598 lakh in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 2,239 lakh, as against Rs. 2,298 lakh in Q3 FY22. Additionally, its Net Profit stood at Rs. 1,904 lakh, as against Rs. 1,720 lakh in the earlier quarter. The company is offering a 0.25% dividend yield.

A recent commentary by SimplyWallStreet stated, "ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Firstly, we acknowledge that Rajratan Global Wire has a significantly high ROE. Secondly, even when compared to the industry average of 16% the company's ROE is quite impressive. As a result, Rajratan Global Wire's exceptional 40% net income growth seen over the past five years, doesn't come as a surprise. As a next step, we compared Rajratan Global Wire's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 19%."

 

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.

Read more about: stocks to buy shares to buy
Story first published: Thursday, July 7, 2022, 16:53 [IST]
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