RMC Switchgears Ltd given brakout.. Good to in portfolioRMC Switchgears Ltd 815 is undervalued and is currently trading at 27.31 PE while industrial PE is 44. which has potential target of 1,578.
From pattern it has given breakout which suggests a technical target of 995 imminent.
FII's have increased their stake from 3.88 to 5.05%
In News
Electrical components maker RMC Switchgears got order from Government of Rajasthan for installation of rooftop solar systems. Project valued at 3.2 bln rupees (~$37 mln) and estimated capacity of 50 megawatts.
Order includes one-time revenue of 2.29 bln rupees and recurring revenue of 910 mln rupees over next 25 years
RMC Switchgears has bagged a work order worth 1.08 billion Indian rupees from Swastik Infra for the development of distribution infrastructure, including 11 KV UG cable and RMU systems, in select districts of Gujarat, India.
