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Rane (Madras) Limited
Share Price Target & Analysis

NSE:RML

839.90

VWAP

834.35

Open

823.5

Close

849.00

High

830.05

Low

1023.00

52 Week High

835.00 ⇧
0.85 (0.10%)

RML

(AUTOMOBILE)
64.8% Momentum

Sideways to Positive

489.00

52 Week Low

9.15

EPS

28.14

PE

5.2

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 835.00, 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 18, 2024 is 5.2.

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 839.90.

Now, the main question is whether to BUY or SELL, NSE:RML at current valuation.
As per latest Analysis No. #349:-

⇑ 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 18, 2024)

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

Rane (Madras) Limited share price moved Up by 0.10% from its previous close of Rs 823.5. RML stock last traded price is 835.00. RML share price trend is Up with a total of 1601 stocks traded till now. It has touched an intraday high of Rs 849.00 and an intraday low of Rs 830.05. The RML trading at 835.00, Up by Rs. 0.85, or 0.10 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 0.10%. RML share price short term trend is Up. It suggests that RML Share Price for Tomorrow remains the same with VWAP at 839.90 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

 835.00

RML Share Price Target Prediction for 2024 ^

 727.6 - 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: @821.25

RML Moving Averages

BUY (11) NEUTRAL (0) SELL (3)
MA Simple Action S1 Expo Action E2
MA_5 805.67 BUY 818.64 BUY
MA_12 840.37 SELL 825.64 SELL
MA_20 831.2 SELL 818.08 BUY
MA_32 786.57 BUY 801.62 BUY
MA_50 762.08 BUY 791.26 BUY
MA_100 774.94 BUY 782.06 BUY
MA_200 776.35 BUY 743.4 BUY

RML Trend Oscillators

BUY (2) NEUTRAL (0) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 831.2 Downtrend
MACD -8.66 SELL
ADX 29.11 Strong Trend
DMI (+/-) 25.64 / 17.31 Uptrend

RML Momentum Oscillators

BUY (2) NEUTRAL (9) SELL (1)
Momentum Oscillators Value Action
RSI 52.79 Neutral
STOCHASTIC_K (Fast) 37.97 Neutral
STOCHASTIC_D (Slow) 25.78 Neutral
CCI -47.69 Neutral
PSAR 960.9 SELL
TRUE RANGE 35.65 Neutral
ATR 49.07 Neutral
WILLIAMS R -78.82 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 42.41 Neutral
MOMENTUM 87.8 BUY

RML Last 1 Year Trend

Duration Value
1 Year 71.72%
3 Months 12.11%
1 Month 11.97%
1 Week -4.67%

RML Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 50%
NEUTRAL / HOLD 30%
SELL 20%

Most popular Questions & Answers about RML


Rane (Madras) Limited stock last traded price is 835.00. RML share price moved Up by 0.10% from its previous close of Rs 823.5.

Rane (Madras) Limited share price trend is Up with a total of 1601 stocks traded till now. It has touched an intraday high of Rs 1033.23 and an intraday low of Rs 830.05. The RML trading at 835.00, Up by Rs. 0.85, or 0.10 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 839.90.

The market cap of Rane (Madras) Limited is ₹638.5 (in Cr) as of May 17, 2024.

The current price to earning ratio for Rane (Madras) Limited as of May 17, 2024 is 28.14.

The current price to book ratio for Rane (Madras) Limited as of May 17, 2024 is 5.2.

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 ₹489.00 in the last 52-week.

Rane (Madras) Limited share trading at ₹835.00, Up by Rs. 0.85, or 0.10 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 ₹727.6 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 18, 2024 is 5.2.


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 69.30 1.32 4.45
TATAMTRDVR 638.50 155.4 67.3
BOSCHLTD 31027.75 788.31 3733.75
TIINDIA 3786.65 37.98 170.24
SHIGAN 110.00 0 30.04
EXIDEIND 476.20 12.39 154.56
AMARAJABAT 1154.90 44.23 289.53
SUNCLAYLTD 10531.00 167.42 518.62
JBMA 1836.00 5.14 88.36
SUPRAJIT 414.85 14.84 79.43
Updated at: 17 May 2024 15:48

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