REXNORD LONGBreakout with great volumes. it just broke the high with great volumes
Educational purpose only
REXNORD trade ideas
REXNORD Electronics & Controls Limited Head & Shoulder pattern on daily Tf, chart looking weak it might to demand zone, near 94-100
REXNORD ELECTRONICSHighest volume ever traded for the stock in the month of Oct,2022. Operating margins are v.good. An uptrend has begun for the stock.
Rexnord Electronics & Controls Ltd - Fundamental and Technical1. Rexnord Electronics & Controls is engaged in the business of Manufacturing and sale of instrument cooling Fans and shaded pole motors used for industrial purpose.
2. This is a Microcap company with Market Cap of only Rs. 56.2 Cr.
3. Stock P/E is 20.1 that means valuations are very attractive.
4. Operating Profit Margin is on an average 11-12% which is very good considering the company size.
6. The company is almost debt free even being in Microcap which is amazing.
5. BUY in the range of 45 and hold for at least 2 times.
