Jay Chandran A Market Profile Trader trades Mostly Nifty

Ramsarup industries ltd – A value pick?

31 sec read

Last pick BAGFILMS doing well.

Now lets check Ramsarup Industries. Is it a value pick here? lets analyze.

Technically Ramsarup Is highly oversold on weekly charts and daily charts. Its around support zone in weekly charts. Stochastic getting flatten which is a good sign of short term reversal. Volumes totally dried during phase of fall. So all over technically its a good buy until 26 with weekly supp @ 17.


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Now lets come to fundamental analysis part. Stock has a P/E ratio of 3.17 with market cap of 139 cr. It has a great book value with 163/shr where currently stock is under-priced. EPS at 12.56 looks good .Share holding pattern is less from FII’s . so all over its a great Fundamental pick too.

Around 40 Rs its a good value pick both technically as well as fundamentally. So Investors can add this stock in your portfolio.

Regards
Jay-Author
Magiccalls

Jay Chandran A Market Profile Trader trades Mostly Nifty

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4 Replies to “Ramsarup industries ltd – A value pick?”

    1. @ nanavati

      Just sharing my views based on technical and fundamental analysis. If U don’t want to take risk. Just track it.

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