RattanIndia Power Ltd Penny stock will become Multibagger?
Before i begin, i never ask people to invest in these stocks because it is riskier and you might lose the money. However if you plan and manage money on it. A little risk is worth taking.
Today the stock which i picked is RattanIndia Power Ltd. Few points for the stock is listed:
1. It has also not generated good return on equity when compared to the bank FDs
2. not a Dividends paying company
3. The Market cap of it is 1879 Crore
4. It trade with high risk volatility.
5. The PE Ratio at the time of writing is -80.50
6. Promotor holding is pledged and increase by some means
7. Last 2 years the loss was recovered some bit but last year again a loss widens up.
RattanIndia Power Ltd Stock is running in upper circuit and mostly it runs with news coming in favor of the company related. The company performance is up and down on regular basis so i would say to wait for it to perform more and show some work in real. This stock is also a operator top choice stock where they enter and exit very frequently. But in recent the retails investors showing some interest and currently upper circuited.
I have purchased the stock in 2.36 paise and the Aukat level of this stock is around 2.0-2,5 only at this point of time. However it gets a good movement when RattanInd moves. Operator loves these stocks
The stock was trading today and then upper stock was booked. WIth approx 50% deliverables the stock seems to be active by operators as well as some retail lovers.
Currently i would suggest this stock is going to go a bit more high before it falls again and its swinging in past year.
My call:
A little risky buy but a quick profit booking is there else the fall is near.
A resistance at 4.20 if it goes beyond then a quick safe target would be 5.20-5.40
