Shares of Rattanindia Enterprises Ltd are in focus during trading today on Tuesday. The company’s shares jumped more than 10% in early trade today.
Rattanindia Enterprises Ltd shares are in focus during trading today on Tuesday. The company’s shares jumped more than 10% in early trade today and reached an intraday high of Rs 89.13. Earlier, yesterday on Monday, it had also gained 10% during trading. The reason behind this rise in shares is the excellent results of the June quarter. In fact, the company’s net profit increased by 378 percent to Rs 851.25 crore in the June quarter.
Quarterly Result of Rattanindia Enterprises
As per the quarterly results, net sales grew 70 per cent to Rs 2,494.03 crore and net profit grew 378 per cent to Rs 851.25 crore in Q1FY25 as compared to Q1FY24. The company has a market cap of Rs 12,017.45 crore and a 5-year stock price CAGR of 120 per cent. The stock is up 91 per cent from its 52-week low of Rs 46.50 per share and 1500 per cent in 5 years. The stock has a 52-week high of Rs 94.85 and its 52-week low of Rs 46.50. The stock has a ROE of 76 per cent and ROCE of 36 per cent. The company’s shares witnessed a jump of more than 3.40 times on the BSE.
Rattanindia Enterprises Business Information
Rattan India Group’s flagship company, RattanIndia Enterprises Ltd., focuses on tech-driven new-age businesses in e-commerce, electric vehicles, fintech, and drones. Their e-commerce arm, CocoBlue, is an online retail platform that partners with various brands and leverages Amazon fulfillment centers. They also own Neobrands, a B2B online fashion apparel business with its own D2C brands. In electric vehicles, they acquired Revolt, achieving 100 percent localization and expanding their store network. Their fintech subsidiary, Neotech, operates ‘Wefin’, a digital lending platform offering personal loans, vehicle loans, and credit cards. Also Neosky, their drone subsidiary, offers drones as products and services with pilot training programs and new cargo and surveillance drone models.