nandagopan454

A 52 week breakout with volume

Long
NSE:RIIL   RELIANCE IND INFRA
Reliance Industrial Infrastructure Limited is engaged in infrastructure activity in India. The Company is engaged in providing services of transportation of petroleum products and raw water through its pipelines
Stock is trading at 4.19 times its book value
The company has delivered a poor sales growth of -6.90% over the past five years.
The company has had a low return on equity of 2.15% for the last 3 years.
Earnings include another income of Rs.15.81 Cr.
The company is overvalued & depreciating in its sales in recent years, But technically it has created a Darvas box and it had broken into a new high with volume, Technically it can be considered in a long position
The company is almost debt-free.
The company has been maintaining a healthy dividend payout of 58.63%
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