RCF- Nearing Multiyear Breakout Zone
Rashtriya Chemicals & Fertilizers is a public sector undertaking (PSU) with 75% stake owned by GOI. Company is engaged in manufacturing and marketing of fertilizers and industrial chemicals.
Company is trading below historical 10 year Avg PE while the sales have almost doubled alongwith margins.
Stock has been a laggard and has not created any wealth for its shareholders from past 10 years, however its currently trading at a interesting zone where above resistance zone this stock will be looked like a PE Rerating Candidate and analysts and fundmanangers in order to extract value in this overheated markets can look at RCF as a potential candidate. So this is a stock to keep on our radar and watchout for resistance zones. Breakout of this multiyear resistance zone it can become a potential play for rerating.
Company is trading below historical 10 year Avg PE while the sales have almost doubled alongwith margins.
Stock has been a laggard and has not created any wealth for its shareholders from past 10 years, however its currently trading at a interesting zone where above resistance zone this stock will be looked like a PE Rerating Candidate and analysts and fundmanangers in order to extract value in this overheated markets can look at RCF as a potential candidate. So this is a stock to keep on our radar and watchout for resistance zones. Breakout of this multiyear resistance zone it can become a potential play for rerating.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.