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Rane (Madras) Limited
Share Price Target & Analysis

NSE:RML

822.49

VWAP

807.55

Open

804.3

Close

839.95

High

807.00

Low

1023.00

52 Week High

818.45 ⇧
14.15 (1.76%)

RML

(AUTOMOBILE)
62.8% Momentum

Sideways to Positive

472.85

52 Week Low

9.15

EPS

27.66

PE

5.09

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: RML Share Price Financial Analysis & Valuation

Rane (Madras) Limited (RML) is broadly categorized in AUTOMOBILE segment industry which deals in Auto Ancillaries vertical. It is one of Micro Cap company with Market Capitalization of Rs 638.5 (in Cr). Total number of free float shares are 1.2 (in Lacs). Rane (Madras) Limited is listed on NSE with Exchange ID - INE050H01012 and trading code is NSE:RML with short name Rane Madras.

In the past 1 year, Rane (Madras) Limited has declared an equity dividend of Rs 0 per share. At the current share price of RML at Rs 818.45, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:RML, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine RML underlying value and future prospects. All of this data is available in RML financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:RML, it is clearly understood that RML is Economical performer in terms of earnings and profit margins with an EPS of 9.15. NSE:RML book value per share as of today is 160.66. The current price to book ratio for RML as of May 15, 2024 is 5.09.

Valuation of the Stock: The current valuation of RML stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of RML whether to BUY this stock at current valuation. The delivery percentage of RML is 21.84% is very crucial parameter which shows that 21.84% investors are anticipating that the price of RML share should go up with VWAP at 822.49.

Now, the main question is whether to BUY or SELL, NSE:RML at current valuation.
As per latest Analysis No. #347:-

⇑ STRONG BUY RML if All Greens

⇗ BUY RML (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD RML (With Stop Loss) if only 1 Green

⇘ SELL RML if NO Green Indicator

NSE: RML Share Price Today (May 15, 2024)

(Rane (Madras) Limited Daily Analysis on the basis of RML Intraday Graph & Trend)

Rane (Madras) Limited share price moved Up by 1.76% from its previous close of Rs 804.3. RML stock last traded price is 818.45. RML share price trend is Up with a total of 23838 stocks traded till now. It has touched an intraday high of Rs 839.95 and an intraday low of Rs 807.00. The RML trading at 818.45, Up by Rs. 14.15, or 1.76 percent which suggests that most of the Traders are anticipating that the price of RML share should go Up.

NSE: RML Share Price Tomorrow Prediction

(Rane (Madras) Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of RML)

Rane (Madras) Limited share price moved Up by 1.76%. RML share price short term trend is Up. It suggests that RML Share Price for Tomorrow remains the same with VWAP at 822.49 will be treated as stop loss for intraday traders. Rane (Madras) Limited Long term investors can follow the RML long term trend as mentiond in future forecast table.

NSE Code

NSE: RML

RML Share Price Today

 818.45

RML Share Price Target Prediction for 2024 ^

 719.9 - 1028.1

RML Share Price Target Prediction for 2025*^

 1028.1 - 1095.2

RML Share Price Target Prediction for 2026*^

 1095.2 - 1171.9

RML Share Price Target Prediction for 2027*^

 1230

RML Share Price Target Prediction for 2028*^

 1266

RML Share Price Target Prediction for 2030*^

 1380
RML Current Book Value 2023
159.9

*Rane (Madras) Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^RML share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

RML Technical Analysis

Candlestick Pattern: @835.15

RML Moving Averages

BUY (13) NEUTRAL (0) SELL (1)
MA Simple Action S1 Expo Action E2
MA_5 836.91 SELL 828.21 BUY
MA_12 793.83 BUY 801.12 BUY
MA_20 770.7 BUY 783.8 BUY
MA_32 739.02 BUY 768.19 BUY
MA_50 750.08 BUY 764.42 BUY
MA_100 771.28 BUY 765.49 BUY
MA_200 768.51 BUY 732.14 BUY

RML Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 770.7 Uptrend
MACD 8.87 BUY
ADX 25.59 Strong Trend
DMI (+/-) 22.52 / 12.35 Uptrend

RML Momentum Oscillators

BUY (2) NEUTRAL (10) SELL (0)
Momentum Oscillators Value Action
RSI 67.38 Neutral
STOCHASTIC_K (Fast) 31.7 Neutral
STOCHASTIC_D (Slow) 44.53 Neutral
CCI 66.2 Neutral
PSAR 811.05 BUY
TRUE RANGE 36.1 Neutral
ATR 35.79 Neutral
WILLIAMS R -22.38 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 28.24 Neutral
STOCHASTIC RSI D 23.38 Neutral
MOMENTUM 148.9 BUY

RML Last 1 Year Trend

Duration Value
1 Year 91.09%
3 Months 1.11%
1 Month 21.7%
1 Week 1.18%

RML Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 63%
NEUTRAL / HOLD 33%
SELL 3%

Most popular Questions & Answers about RML


Rane (Madras) Limited stock last traded price is 818.45. RML share price moved Up by 1.76% from its previous close of Rs 804.3.

Rane (Madras) Limited share price trend is Up with a total of 23838 stocks traded till now. It has touched an intraday high of Rs 1033.23 and an intraday low of Rs 807.00. The RML trading at 818.45, Up by Rs. 14.15, or 1.76 percent which suggests that most of the Traders are anticipating that the price of RML share should go Up and the Stop Loss will be around 822.49.

The market cap of Rane (Madras) Limited is ₹638.5 (in Cr) as of May 14, 2024.

The current price to earning ratio for Rane (Madras) Limited as of May 14, 2024 is 27.66.

The current price to book ratio for Rane (Madras) Limited as of May 14, 2024 is 5.09.

The highest price of Rane (Madras) Limited stock is ₹1023.00 in the last 52-week.

The lowest price of Rane (Madras) Limited stock is ₹472.85 in the last 52-week.

Rane (Madras) Limited share trading at ₹818.45, Up by Rs. 14.15, or 1.76 percent which suggests that most of the traders are anticipating that the price of RML share should go Up.

In 2023, Stock price target for Rane (Madras) Limited (RML) are ₹719.9 on downside and ₹1028.1 on upside. Rane (Madras) Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Rane (Madras) Limited (RML) are ₹1028.1 on downside and ₹1095.2 on upside. Rane (Madras) Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Rane (Madras) Limited (RML) are ₹1095.2 on downside and ₹1171.9 on upside. Rane (Madras) Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Rane (Madras) Limited (RML) will be around ₹1266 Rane (Madras) Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of RML.

As per the fundamental analysis of Rane (Madras) Limited (RML), it is of Economical quality in terms of earnings and profit margins with an EPS of 9.15. Rane (Madras) Limited book value per share as of today is 160.66. The current price to book ratio for RML as of May 15, 2024 is 5.09.


NSE:RML News & Other Useful Information about RML Share Price


Peer Comparison of NSE: RML

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Auto Ancillaries

Company Price EPS BV
MSUMI 68.20 1.32 3.01
TATAMTRDVR 641.05 155.4 67.3
BOSCHLTD 31409.95 788.31 3733.75
TIINDIA 3726.00 37.98 170.24
SHIGAN 114.00 0 30.04
EXIDEIND 465.55 12.39 154.56
AMARAJABAT 1108.95 44.23 289.53
SUNCLAYLTD 10735.00 167.42 518.62
JBMA 1842.40 5.14 88.36
SUPRAJIT 409.00 14.84 79.43
Updated at: 15 May 2024 10:00

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