This all-time high aerospace defence player is worth studying!
Rossell India Ltd has two very diverse businesses, namely Tea and Aerospace Defense (Engineering, Manufacturing, and Services). It has spent 27 years in the Tea division and nine years in the A&D division.
The company's Tea business is well-established, with a strong presence in India and other key markets. The A&D division is a relatively new venture for the company but is already proving to be highly successful. Add to this the defense sectoral tailwind that has been ongoing for quite some time now.
The same is also evident on the charts, with the price hitting all-time highs after a solid base breakout on above-average volumes.
With a strong track record in both divisions, Rossell India Ltd appears to be a company that is worth keeping in the radar.
The company's Tea business is well-established, with a strong presence in India and other key markets. The A&D division is a relatively new venture for the company but is already proving to be highly successful. Add to this the defense sectoral tailwind that has been ongoing for quite some time now.
The same is also evident on the charts, with the price hitting all-time highs after a solid base breakout on above-average volumes.
With a strong track record in both divisions, Rossell India Ltd appears to be a company that is worth keeping in the radar.
Comment:
Strength of stock getting weaker! But the overall trend and strength vs. Nifty remain intact.