Company : Rajoo Engineers Ltd
Listing : BSE (522257)
CMP : 16
FV : Rs 1
MCap : 93 Cr
Industry : Capital Goods (Plastic Extrusion Machinery)
Location : Rajkot, Gujarat
Website : http://rajoo.com/
Disclosure : Holding 1 lot from 16.5 level, Will add more slowly at every dips.
I came across this stock via blog which i follow and found this company interesting.
Company has good product portfolio (http://rajoo.com/productline.html ) & Collaboration with various foreign companies (http://rajoo.com/thecorporate.html#left-tab6) The machines manufactured are exported to various countries (http://rajoo.com/thecorporate.html#left-tab7)
Frankly speaking i am not good with analyzing numbers, hence cant talk much about it. What i feel is that capital goods sector may bottom out in near future and company will benefit from it.
I have analyzed this stock technically and found that there has been a good delivery based selling in last few months, where delivery % was as high as above 80% average. While promoter stake remained intact, my guess is once selling is over the stock may breakout on the upper side.
Announcement from BSE :
The Gazi Group, Bangladesh chooses Rajoo Bausano extrusion to be a part of its growth strategy ( http://www.bseindia.com/xml-data/corpfiling/AttachLive/9DF9C6DA_574C_43EB_A543_9389ECB53DD1_161552.pdf )
Financial Results & Limited Review Report for Sept 30, 2015 (Standalone) ( http://www.bseindia.com/xml-data/corpfiling/AttachHis/F3BF61A9_24FF_4F78_BC21_DE0EEB63785A_163009.pdf )
Please share your views.
Amit