Rane (Madras) Share Price

Rane (Madras) Investment Rating

• Master Rating:

• Rane (Madras) has an operating revenue of Rs. 1,950.90 Cr. on a trailing 12-month basis. An annual revenue growth of 37% is outstanding, Pre-tax margin of 1% needs improvement, ROE of 4% is fair but needs improvement. The company has a high debt to equity of 103%, which can be a reason to worry. The stock from a technical standpoint is comfortably placed above its key moving averages, around 14% and 8% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around -0% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 18 which is a POOR score indicating inconsistency in earnings, a RS Rating of 61 which is FAIR indicating the recent price performance, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 56 indicates it belongs to a fair industry group of Auto/Truck-Original Eqp and a Master Score of C is fair but needs to improve. Institutional holding has remained stable in the last reported quarter. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.