RattanIndia Enterprises Limited (REL), a multifaceted company operating across diverse sectors like software, legal, financial, human resources, and consultancy, has emerged as a true multibagger stock, delivering over 1100% returns to investors in just 3 years. With impressive financials and a strong recent achievement, is it the right time to jump on the bandwagon?
Weekly Chart Surge: A Visual Delight for Investors
A quick glance at the Weekly chart of RattanIndia Enterprises Ltd reveals an impressive uptrend, marked by consistent higher highs and higher lows.
In December 2020, the stock was trading at a modest 7 rupees per share. Fast forward to 2023, and the price has soared to an impressive 80 rupees per share, delivering an extraordinary return on investment of over 1100 percent.
Financial Fortitude: Quarterly Results Speak Volumes
The company’s financial performance speaks volumes about its prowess in the market. In June 2023, RattanIndia Enterprises reported net sales of Rs 1,267.60 crore, a remarkable 83.85% increase from the previous year. The quarterly net profit stood at Rs 178.78 crore, boasting a substantial 182.75% growth. The EBITDA recorded an impressive uptick of 200.45%, reaching Rs 206.22 crore. The earnings per share (EPS) also witnessed a positive trajectory, climbing to Rs 1.29 in June 2023 from Rs 1.57 in June 2022.
Soaring to New Heights: Recent Achievement in Drone Technology
One of RattanIndia Enterprises Ltd’s recent achievements contributing to its upward trajectory is the introduction of the L07, a compact delivery drone designed for the eCommerce and healthcare sectors. This innovative drone, developed and manufactured in India, boasts a carrying capacity of up to 7 kg and can be deployed by a single person in under 5 minutes. Operating at altitudes of up to 2,000 meters above MSL, with a flight endurance of approximately 30 minutes, the L07 positions itself as a game-changer for last-mile deliveries.
The company’s Business Chairperson, Anjali Rattan, expressed the significance of this development, stating, “The L07 Compact represents a significant leap forward in the world of eCommerce logistics, especially for the last-mile deliveries. Our aim is to empower businesses with a reliable and efficient delivery solution which can be easy to deploy and use across the country.”
Is it Time to Invest?
With its impressive growth, strong financials, and innovative developments like the L07 drone, RattanIndia Enterprises presents a compelling case for potential investors. However, conducting thorough research and considering your individual investment goals remains crucial before making any investment decisions.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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