RAJRATAN GLOBAL is selling for under 1960.05 as of the 22nd of September 2021; that is -4.64% down since the beginning of the trading day. The stock's lowest day price was 1960.05. Equity ratings for RAJRATAN GLOBAL WIRE are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of June 2021 and ending today, the 22nd of September 2021. Click here to learn more.
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Rajratan Global Wire Limited manufactures and sells tire bead wires in India and Thailand. Rajratan Global Wire Limited was incorporated in 1988 and is based in Indore, India. RAJRATAN GLOBAL operates under Steel classification in India and is traded on Bombay Stock Exchange. more on RAJRATAN GLOBAL
RAJRATAN GLOBAL WIRE is not yet fully synchronised with the market data
The company has accumulated 1.46 B in total debt with debt to equity ratio (D/E) of 0.84, which is about average as compared to similar companies. RAJRATAN GLOBAL WIRE has a current ratio of 0.96, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
About 74.0% of RAJRATAN GLOBAL outstanding shares are owned by corporate insiders
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of RAJRATAN GLOBAL's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedOvervalued
RAJRATAN GLOBAL WIRE (RAJGLOWIR) is traded on Bombay Stock Exchange in India and employs 3 people. The company currently falls under 'Large-Cap' category with current market capitalization of 20.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate RAJRATAN GLOBAL's market, we take the total number of its shares issued and multiply it by RAJRATAN GLOBAL's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. RAJRATAN GLOBAL WIRE operates under Basic Materials sector and is part of Steel industry. The entity has 10.15 M outstanding shares. RAJRATAN GLOBAL WIRE has accumulated about 1.4 M in cash with 504.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14.
Check RAJRATAN GLOBAL Probability Of Bankruptcy

RAJRATAN Stock Price Odds Analysis

What are RAJRATAN GLOBAL's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of RAJRATAN GLOBAL jumping above the current price in 90 days from now is about 17.17%. The RAJRATAN GLOBAL WIRE probability density function shows the probability of RAJRATAN GLOBAL stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon RAJRATAN GLOBAL WIRE has a beta of -0.0163 indicating as returns on benchmark increase, returns on holding RAJRATAN GLOBAL are expected to decrease at a much lower rate. During the bear market, however, RAJRATAN GLOBAL WIRE is likely to outperform the market. Moreover, the company has an alpha of 1.0762, implying that it can generate a 1.08 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 1960.05HorizonTargetOdds Up 1960.05 
82.77%90 days
Based on a normal probability distribution, the odds of RAJRATAN GLOBAL to move above the current price in 90 days from now is about 17.17 (This RAJRATAN GLOBAL WIRE probability density function shows the probability of RAJRATAN Stock to fall within a particular range of prices over 90 days) .


Investors will always prefer to have the highest possible return on investment while minimizing volatility. RAJRATAN GLOBAL market risk premium is the additional return an investor will receive from holding RAJRATAN GLOBAL long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in RAJRATAN GLOBAL. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although RAJRATAN GLOBAL's alpha and beta are two of the key measurements used to evaluate RAJRATAN GLOBAL's performance over the market, the standard measures of volatility play an important role as well.

RAJRATAN Stock Against Markets

Picking the right benchmark for RAJRATAN GLOBAL stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in RAJRATAN GLOBAL stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for RAJRATAN GLOBAL is critical whether you are bullish or bearish towards RAJRATAN GLOBAL WIRE at a given time.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with RAJRATAN GLOBAL stock to make a market-neutral strategy. Peer analysis of RAJRATAN GLOBAL could also be used in its relative valuation, which is a method of valuing RAJRATAN GLOBAL by comparing valuation metrics with similar companies.
Additionally, take a look at Your Equity Center. Note that the RAJRATAN GLOBAL WIRE information on this page should be used as a complementary analysis to other RAJRATAN GLOBAL's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Other Tools for RAJRATAN Stock

When running RAJRATAN GLOBAL WIRE price analysis, check to measure RAJRATAN GLOBAL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy RAJRATAN GLOBAL is operating at the current time. Most of RAJRATAN GLOBAL's value examination focuses on studying past and present price action to predict the probability of RAJRATAN GLOBAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move RAJRATAN GLOBAL's price. Additionally, you may evaluate how the addition of RAJRATAN GLOBAL to your portfolios can decrease your overall portfolio volatility.
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