Buy Ratnaveer Precision Engineering, target price Rs 132: Anand Rathi

Anand Rathi has buy call on Ratnaveer Precision Engineering Ltd. with a target price of Rs 132. The current market price of Ratnaveer Precision Engineering is Rs 114.8.

Ratnaveer Precision Engineering Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 549.25 Crore) operating in General sector.

Ratnaveer Precision Engineering Ltd. key Products/Revenue Segments include for the year ending .



Financials
For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 146.68 Crore, down -24.46 % from last quarter Total Income of Rs 194.18 Crore and down -3.39 % from last year same quarter Total Income of Rs 151.83 Crore. Company reported net profit after tax of Rs 5.61 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 55.48 per cent stake in the company as of 31-Mar-2024, while FIIs owned 0.15 per cent, DIIs 0.01 per cent.