Scrip can rebound back as it is facing resistance at support levels with double bottom and is already trading around 52-week low
Rest in charts.
Bullish momentum sign
1) RSI indicator rising in past few sessions
2) Although, Broadening Falling wedge pattern in play which is bearish sign however scrip has started to face resistance after partial decline
3) Stake...
A)
Technical :
1.Cup With Handle Breakout Above @ 190
2.Multiple Top Break Out Close Above 180
Technical Target : 225
B)
Fundamentals : (Fundamental Medium Term Target 350) (Fundamental Long Term Target 500)
1. Mkt Cap Rs. 425cr
2.Return% on Mkt. Cap Quarterly :8.81%
3.Return% on Mkt. Cap Yearly : 7.53%
4. Debt : 0.39cr
5. Stock PE : 6.71
6. Return On...
Ruchira Papers Limited is an India-based company, which is engaged in offering paper and paper products. The Company is engaged in the process of manufacturing writing and printing paper, and Kraft paper. The Company's white writing and printing paper is used in the fabrication of note books and writing material; the colored paper is used in the fabrication of spiral notebooks, wedding cards, shade cards, children's coloring books, colored copier paper and bill books. Its Kraft paper finds its application in the packaging industry for making corrugated boxes/cartons and for other packaging requirements. Its writing and printing paper is manufactured by using agricultural residues, such as wheat straw, Baggase, sarkanda and other materials. Its semi kraft paper is manufactured by using agriculture residues, such as Bagasse, wheat straw, rice straw, sarkanda and indigenous and imported waste paper. The Company offers its products to customers in India and overseas.
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RUCHIRA
