East India Securities has given Accumulate recommendation for Rajratan Global Wire with a target price of Rs. 1233 in its research report issued on Sep 06, 2022
East India Securitie’s report on Rajratan Global Wire
Rajratan Global Wire Ltd (Rajratan) is a tyre ancillary, manufacturing bead wire, a critical component used in the manufacture of tyres. Rajratan has well established and profitable operations based out of India and Thailand. It deals with nearly every tyre company in India as its customer.
Considering the future growth visibility, we assign ACCUMULATE rating with target price of Rs1,233 per share.