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Rajeshexport

Rajesh Exports Attempting BreakoutRajesh Exports is attempting a breakout after years of consolidation. Keep a stop loss at Rs. 815 and go long in this share. Fundamentally there has been a big news, let me explain: Rajesh Exports Ltd (REL) has announced that it is foraying into Advanced Technology Solutions with a focus on Energy Storage Solutions. REL has informed that has been selected by the Government of India as one among the three successful participants in the Rs. 18,100 Crores PLI Scheme for production of Advanced Chemistry Cells. As per the requirement of the PLI Scheme REL has incorporated a 100% Subsidiary in the name of ACC Energy Storage Pvt Ltd. The venture of manufacture of Advanced Chemistry Cells would be under the newly formed 100% Subsidiary. REL has informed that would also be initiating further steps to emerge as a leading global player in the Energy Storage Sector and to meet the requirements under the PLI Scheme.
NSE:RAJESHEXPOLong
by jatin_agarwal