Discover and read the best of Twitter Threads about #RAJRATAN

Most recents (8)

Mega thread on Technical Stage Analysis and my learnings based on Stan Weinstein's book.

Today we'll cover

1. Stage Analysis
2. Technical Rules for Buy and Sell
3. Safest Point of Entry and Exit
4. Study 10 ๐Ÿ‡ฎ๐Ÿ‡ณ Stock Charts (Large/Mid/Smallcap)

1/n
1. Stage Analysis

As per Stan Weinstein, each stock can be classified into 1 of 4 different stages.

Stage 1 - Basing Area
Stock trades in a range around 30W SMA over a long period of time with low volume. Both buyers & sellers move in equilibrium.

Example: #MusicBroadcast
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1. Stage Analysis

Stage 2 - Advancing Phase
This phase is characterized by a sharp spike in volumes, breaking out of key resistance and sharply rising stock price over a period of time (many months or years) without breaking the key moving average.

Example: #FineOrganics

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Read 24 tweets
Fundamental Analysis of
#RajratanGlobalWire๐Ÿ‘‡๐Ÿ‘‡

#Rajratan is the sole supplier of bead wire to some of the leading companies in the tyre industry and expects to further improve its market share in the Indian market. Image
#RajratanGlobalWire, one of the largest manufacturers of bead wire in India, is a tyre auxiliary that makes bead wire that is a vital component for the production of tyres.
Based in Pithampur near Indore in MP, #Rajratan manuf. facility in India has a production capacity of 72,000 TPA. It also owns another unit in Thailand, with a production capacity of 40,000 TPA. The company is set to expand its bead wire capacity in Thailand to 60,000 TPA.
Read 7 tweets
Stock split and bonus are considered important corporate actions though I believe buyback and dividend are better indicators as far as the management is concerned.
"Numbers for the long term show management integrity and honesty " @unseenvalue 2022.
Short thread ๐Ÿงต on stock (1/n
Split.
Please retweet for maximum reach.
Let's start.

JBM Auto, Schaeffler India, Rajratan Global Wire and Ramkrishna Forgings announced stock split earlier this year.

None of these companies are TCS, HDFC Bank or reliance industries but let's discuss the split (2/n).
Schaeffler India had split the face value of its shares from Rs 10 to Rs 2 and started trading ex-split starting February 8, 2022.

On a one-year basis, this counter too has delivered 112 percent return on the back of strong sales in Q2CY2022, order wins from key (3/n)
Read 9 tweets
A latest research report on rajratan global wire Ltd and it's worldwide competitors.
A short thread ๐Ÿงต on rajratan global wire Ltd .
Retweet for maximum reach.

Year 2030 and rajratan global wire Ltd.
forecast 2030 provides growing technological advancement, profit margin(1/n)
production volume and various other substantial factors are closely responsible for accelerating the growth of the global Tyre Bead Wire market and meanwhile, offering a special positive push to grab extravagant success in the international industry. The recent finding(2/n)
determines the past, present and upcoming scenarios related to the Tyre Bead Wire market. Additionally, it unwraps a comprehensive outlook of the respective industry growth enables, future trends, and restraints. The report on the global Tyre Bead Wire market gives demand (3/n)
Read 16 tweets
โ€œLast Diwali to this Diwali: Summary of Momentum Investments/ Trades taken (#MostlyMomentum)!!โ€:

Introduction of my journey so far:
I started my #StockMarket journey Jul- 2016:

โ€ขDuring 2016-17, as a typical new investor, started with TV Tips, and IPOs,
this (IPOs) helped in a way, best #DMART has still been the best of IPOs I applied for, got allotment, and kept for couple of months and captured fastest 282% of my #StockMarket journey.

โ€ข During 2017-18, decided not to go after TV Tips,
and started doing something on my own including a little Option โ€œBUYINGโ€ 12, lost some funds in Option Buying, but gained a lot of experience regarding not to so something you donโ€™t know. Alongside this, also started exploring cash market strategies of buying what is going up and
Read 25 tweets
#RAJRATAN

Rajratan is the second-largest bead wire manufacturer in Asia (excluding China) and claims to be the largest manufacturer in India. The company which claims to have 20% market share in Thailand has widened its customer base in the USA, Europe and Sri Lanka.
Investing 250 crore for capacity expansion in the next three years.

The company has two manufacturing facilities:

1. Pithampur (Madhya Pradesh, India)
2. Ratchaburi in Thailand.

It is setting up a new 3rd plant in Chennai and expanding the capacity of the plant in Thailand
Capacity :

Pithampur 60000
Thailand 40000 ( expanding 60000)
Chennai 60000 ( setting up new )

Equity

Promoters 65%
Public 35%
Read 10 tweets

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