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ROLEXRINGS

Have you ever heard ROLEX RINGS gives you WIIINGS?- Company has reduced debt. - Company has delivered good profit growth of 21.9% CAGR over last 5 years - Company has a good return on equity (ROE) track record: 3 Years ROE 29.3% - Annual Revenue rose 16.5%, in the last year to Rs 1,198.3 Crores. Its sector's average revenue growth for the last fiscal year was 26%. - Quarterly Revenue rose 8.6% YoY to Rs 313.7 Crores. Its sector's average revenue growth YoY for the quarter was 23.1%. - PE Ratio is 29.9, lower than its sector PE ratio of 36.3. - FII and DII holding increased last quarter. Rolex Rings is a leading manufacturer of forged and machined components in India and is one of the top 5 forging companies in India. The company is a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways. The company derives nearly 54% of its revenue from bearing rings and 38% from automotive components. The company exports its products bearing rings and automotive components to 17 different countries including France, Italy, Germany, Thailand, Czech Republic, USA, and others. Exports contributed 46% of the revenue of the company. The company supplies to automotive companies and leading bearing manufacturers such as SRF India, Schaeffler India, Timken India, etc. Top 10 customers accounted for 80% revenue of the company
NSE:ROLEXRINGSLong
by CannySunny
2
#SHORTTERM #SWING #NSE ROLEXRINGRolex Rings is a leading manufacturer of forged and machined components, one of the top 5 forging companies in India and is also a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways. It derives nearly 54% of its revenue from bearing rings and 38% from automotive components. Exports contributed 46% of the revenue of the company. Top 10 customers accounted for 80% revenue of the company. The company is not planning any major CAPEX till FY25. They will be focusing on enhancing their revenue by increasing the forging utilization to 60% and machining capacity to 85% in the near future. Market Cap: 5,580 Cr. P/E 29.2 ROCE 31.3 % ROE 28.9 % Debt to equity 0.27 OPM 22.3 % Promoter holding 57.6 % Pledged 0 % EPS 70
NSE:ROLEXRINGSLong
by CannySunny
watch for range breakoutbuy above 1250 in intraday and swing for stoploss in swing trade exit if daily candle close below trendline For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:ROLEXRINGSLong
by stockkar
1