Rattanindia Enterprises Limited's share are rising rapidly on Tuesday. The company's shares today croses by 10% to an intraday high of Rs 66.05. The company's shares have risen to Rs 1100% in the last five years. Its price has increased from Rs 5 to the current price.
Share Status
Shares of Ratanlal Enterprises touched a high of Rs 66.05 on the BSE during the day's trading. This is compared to a fall of 1.07% in the NSE Nifty 50 index. It has fallen by 9.80%. The stock has fallen to 9% in one month and to 17% in last six months. It has given negative return in one year. The market cap of the company is Rs 8,933.61 crore.
Result of second quarter
According to the stock exchange, the profit declined in the second quarter of this financial year after registering a five times increase in the previous quarter. The energy sector focused company reported a loss of Rs 241.59 crore for the quarter ended on September. Whereas in the same quarter last year, the profit was Rs 140.48 crore.
Share price target 2025
The share of Rattanindia is expected to reach a value of Rs.155 by January 2025. If the trend of macro and micro economic factors along with the industry trend supports, we might see the target price of Rattanindia Enterprises Ltd reach Rs.173 by December 2025.
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