Espresso Shot of the Day - Rossell India Ltd up by 15.45 percent

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Espresso Shot of the Day - Rossell India Ltd up by 15.45 percent

November 24, 2022
Espresso Shot of the Day - Rossell India Ltd up by 15.45 percent

ROSSELL INDIA LTD 370.25 (+15.45%) BSE – INE847C01020 | 24th November 2022

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Rossell India Limited started its journey in 1994 as Rossell Tea Limited. Along the way, it added Aviation and Defence manufacturing and service capabilities to its growth and diversification story. On 19th April 2011, the Company rechristened itself as Rossell India Limited to better represent its diverse business capabilities. Post rebranding, Rossell India Limited has two divisions, Tea and Aerospace & Defence (Engineering, Manufacturing and Services).

Recent Drivers

  • On November 15, 2022, the company reported a Quarterly Net Profit of Rs. 36.44 crores for the quarter-ended September 2022, up 44.43% from the Rs. 25.23 crores reported in September 2021.
  • On November 15, 2022, the company posted Net Sales of Rs 119.18 crores for the quarter-ended September 2022, up 25.81% from the Rs. 94.73 crores reported in September 2021.
  • Rossell India shares closed at 298.30 on November 11, 2022 (NSE) and the shares have given 68.20% returns over the last 6 months and 102.86% over the last 12 months.
  • On July 28, 2022, Rossell India declared a Dividend of Rs. 0.3000
  • On July 8, 2022, India Ratings and Research (Ind-Ra) assigned Rossell India Limited (RIL) a Long-term Issuer Rating of ‘IND A-’. The Outlook is Stable.
 (Sources: BSE, Moneycontrol, India Ratings)

Technical Force

  • S&P BSE Small cap month till date gain by 0.64%.
  • 3 months avg. NSE volume: 210,966
  • Quantity traded: 3,30,390| Deliverable quantity: 2,34,582 (71.00%).
  • Stock price jumped by more than 60% from a one-year low level: 112.95 (February 24th, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 379.70| 52-week-low: 112.95


Key Pivot (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

-

323.92

269.98

206.12

152.18

88.32

34.38

-

      -

Fibonacci Pivot

269.98

224.98

197.18

197.28

152.18

125.09

107.18

79.38

 34.38


Today’s Close

370.25

SMA

BSE

10 DAY

320.94

20 DAY

301.70

50 DAY

290.69

200 DAY

212.23


Some Key Ratios (Source: BSE)

Market Cap:  326.08 Crores

PE:  49.66

OPM%: 18.01

ROE%:  9.63

Promoters holding%: -

Prev. Close:  320.70


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.