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1 Debt Free EV And Drone Sector Multibagger Penny Stock To Add To Your Watchlist
There are some future themes which every aggressive investor betting on India's growth story can lap up and stay put to reap handsome returns. Likewise, here we will discuss a stock that has a play into two such emerging themes namely drone technology and Electric vehicles- RattanIndia Enterprises.
RattanIndia Enterprises stock price trajectory:
The originally power generation and distribution company last at the close of March 12, 2022 settled at a price of Rs. 46.15 per share. The company's 52-week low/high price is Rs. 46.15 and Rs. 71 per share, respectively. And from the 52-week high price, the stock is still trading lower by 35%.
About Rattan India Enterprises:
The company is the flagship company of Rattanindia Group for its new age growth businesses. The company is focusing on new age technologies with capabilities to bring about huge transformation.
With focus in green mobility the company has ventured into electric mobility via Revolt Motors-the leading players in electric motorcycles in the country. Further these solutions are affordable as well as easily accessible. Revolt is India's first AI-enabled motorcycle that doesn't compromises on aesthetics and performance.
Similarly, going to gear up the government's Make In India mission the company has commenced drone business in the country via its subsidiary NeoSky India Limited. Drones have potential to transform core sectors of the economy including logistics, agriculture, mining, infrastructure, surveillance, emergency response, transportation, geo-spatial mapping, defence, and law enforcement.
RattanIndia financials
The company's financials are improving with revenues registering an increase consistently. Also, in the just ended December quarter, the company increased its loss on a quarterly basis to Rs. 0.90 crore. Also, in the same quarter a year ago profit at the company has been at Rs. 0.1 crore. The company maintains a good cash flow of Rs. 67.09 crore. This is a virtually debt free company which too is a good indicator of the company's financials.
Another good pointer that cannot be ignored is that company's has stake in the company's main power business that reduces risk.
Conclusion
The company with the changing landscape has at the right time captured the right opportunity and though not a profitable concern currently it is sure to make its mark going ahead with ventures into growing fields. The losses may be on account of its initial capex and in due time it shall be able to breakeven and then be a profitable concern.
Disclaimer
The stock is discussed primarily on account of its foray into future technologies and one after thorough analysis consider to take bets on it. Though we are mentioning it just to add it to your watchlist and certainly if you tap at the opportunity at the right time you may reap huge gains in the stock.
