Mcleod Russel India

McLeod Russel Witnesses Pullback after Continuous Lower Circuits

McLeod Russel Witnesses Pullback after Continuous Lower Circuits

McLeod Russel has been suffering in terms of stock valuation as the company is troubled by high debt. The management announced last year about its plan to reduce debt by selling assets but the progress on that front has been slow. In the recent months, many rating agencies have reduced ratings for the company and this has led to further erosion of investor wealth.

As McLeod Russel delayed the audited yearly results, the stock suffered massively over the last one month. Investors continued selling the stock and it faced several circuits during June.

However, as the company is expected to be announced on June 29, the last two trading sessions have witnessed upper circuits. Yesterday, McLeod Russel closed 5% higher and majority of trades were executed at the higher levels.

Reliance Infra, McLeod Russel and PC Jewellers present high-risk opportunities

Reliance Infra, McLeod Russel and PC Jewellers present high-risk opportunities

Stock markets offer excellent returns when one can buy a stock at much lower valuations. And, such low valuations are usually seen when there is panic in the market or there is a string of bad news about a company.

Reliance Infra and Reliance Capital are two flagship companies of Reliance Anil Ambani Group (ADAG) and as the group is facing high debt, both these stocks have declined in the recent months. Reliance Infra and Reliance Capital are profit-making businesses but they have high debt. The companies have been servicing their debt but as Reliance Communications and other group companies have been suffering due to mounting debts, investors are highly concerned about Reliance Infra and Reliance Capital as well.

McLeod Russel Stock Touches 52-week low

McLeod Russel, the largest tea producer in the world by volume, declined to 52-week low amid concerns about the company’s quarterly results and massive debt. The company has sold some tea estates during the year but some of those figures aren’t still clear. This has resulted in delay in publishing of quarterly and yearly results by McLeod Russel.

The company announced recently that the results will be delayed as some of the amounts from sale of assets have to be clarified. Investors are concerned if the company will be able to meet the targets it had set for reducing its debt.

Buy Mcleod Russel India For Target Rs 247

Mcleod-Russel-IndiaStock market analysts are of the view that investors can buy Mcleod Russel India Ltd stock to achieve an intraday target of Rs 245.

According to them, investors can buy the stock above Rs 241 with a strict stop loss of Rs 237.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 247.

Shares of the company, on Monday (Feb 08), closed at Rs 232.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 311.50 and a low of Rs 42.05 on BSE.

Sell Mcleod Russel India

Mcleod Russel IndiaStock market analysts have maintained 'sell' rating on Mcleod Russel India to achieve a target between Rs 185-182.

According to them, interested investors can sell the stock below Rs 188 with a strict stop loss of Rs 192.

Shares of the company, on Tuesday (Nov 03), closed at Rs 192.80 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 16.75 and 11.87 respectively. The share price has seen a 52-week high of Rs 235.70 and a low of Rs 35.25 on BSE.

McLeod Russel India Ltd's, the world's major tea manufacturer, July-Sept net profit increased 57% driven by improved realisation.




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