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Rhimagnesitaltd

RHIM - on bull spree RHI Magnesita on path to make India low cosOne stop solution for all refractory product, system & service needs Highest revenue & highest market share in Indian Refactory Industry Market Leader in Long segment - World record of successfully casting 10000 tons through single tundish for slab caster RHIM acquiring small refractory businesses to expand their product portfolio and customer network The very strong domestic demand for steel is a tailwind to RHIM’s growth Main drivers of steel demand the infrastructure plans announced by Govt. globally and Domestically the policies announced by Indian Govt. - National Infrastructure Pipeline(NIP), Jal Jeevan Mission, PLI schemes, Vehicle scrappage policy, PMAY. Structural Shift of exports from India due to short supply from countries like China Basic bricks and specialised refractories to diverse customer profile - mini mills, PSU, large private steel plants
NSE:RHIMLong
by kastmagiic
RHIM - on bull spree RHI Magnesita on path to make India low cosOne stop solution for all refractory product, system & service needs Highest revenue & highest market share in Indian Refactory Industry Market Leader in Long segment - World record of successfully casting 10000 tons through single tundish for slab caster RHIM acquiring small refractory businesses to expand their product portfolio and customer network The very strong domestic demand for steel is a tailwind to RHIM’s growth Main drivers of steel demand the infrastructure plans announced by Govt. globally and Domestically the policies announced by Indian Govt. - National Infrastructure Pipeline(NIP), Jal Jeevan Mission, PLI schemes, Vehicle scrappage policy, PMAY. Structural Shift of exports from India due to short supply from countries like China Basic bricks and specialised refractories to diverse customer profile - mini mills, PSU, large private steel plants
NSE:RHIMLong
by kastmagiic
2
RHIM: Towards Breakout from Strong RetracementRHI Magnesita India Ltd PC-A = PC-B #WondersOfPC Technicals: • Recently touched high at Point P1 & went down to Point P2 of PC-A • From P2, retraced strongly and entered PC-B with today's gap up, also crossed midline of PC-B • Taller green towers indicating strong built up for bullish view • RSI entered in 60 Zone • Relative strength is green Fundamentals: It is a market leader for special refractories in India and has many global customers for its international quality products. Future outlook is stronger as company is into high capex and acquisitions for capacity expansion. Recently, acquired Dalmia, unlisted leader in Refactories. As per the management, on Acquired asset: At peak can do revenues of ₹1500cr Margins of 15%-16% by FY24 For RHI Market share goes to 33% Peak net debt will be ₹1300cr Point of caution is for the Capex and acquisitions Debt portion is increased, Debt to Equity is around 1:1, earlier company was DebtFree. Good pick for long term portfolio. Today's move is because of the same reason only. For positional trade: Enter at CMP or on closure basis if today closes above 710, can enter at tomorrow's green opening Short term TGT: 830 and then 925 Positional SL on closure basis: 648 (Bcoz of today's strong move, Sl is at lower levels) Disc: Invested from Lower levels
NSE:RHIMLong
by ChartSarathi
RHIM - Ichimoku Bullish Breakout Stock Name - RHI Magnesita India Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 740 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:RHIMLong
by nikunjbhadja
RHI Magnesita Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since 18th April 2022, NSE:RHIM has given a breakout today. Buy with a stop just below ₹608. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. TTM Sales growth is at 38%, TTM Profit growth is at 78%, quarterly sales growth is at 40% and quarterly profit growth is at 64% 2. 10 year and 5-year average ROE more than 15% 3. Debt to equity at 0.06(less than 1 is good), Interest Coverage at 738(greater than 3 is good), Current Ratio at 2.20(greater than 1.5 is good), FCF to CFO at 56% 4. The company has been maintaining a healthy dividend payout of 19.7% 5. The company has delivered good profit growth of 31.2% CAGR over the last 5 years 6. FIIs have been increasing their stake since December 2021 (from 0.38 to 2.20 in June 2022) Weaknesses: - 1. Stock is trading at 10.9 times its book value 2. Debtor days is high at 90 days 3. Borrowings increased to 1011 Cr in March 2022 from 789 Cr in March 2021 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
BSE:RHIMLong
by akashbothra