Race Eco Chain Ltd

NSE
RACE •
BUY

1W Return

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1M Return

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6M Return

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Start SIP in Race Eco Chain Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
114.37% Gain from 52W Low
6.6
TTM PE Ratio
Above industry Median
285.7
Price to Book Ratio
Below industry Median
29.2
Dividend yield 1yr %
0
TTM PEG Ratio
RSI
RSI is mid-range
51.8
MFI
MFI is mid-range
54.7

Race Eco Chain Ltd shareholding Pattern

Promoter
44.8%
Public
55.2%

Race Eco Chain Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
13
Bearish Moving Averages
3
5Day EMA
365.60
10Day EMA
365.10
12Day EMA
364.80
20Day EMA
364.20
26Day EMA
363.90
50Day EMA
359.10
100Day EMA
339.80
200Day EMA
306.70
Delivery & Volume
Resistance & Support
365.20
Pivot
Resistance
First Resistance
371.20
Second Resistance
376.90
Third Resistance
382.90
Support
First Support
359.50
Second support
353.50
Third Support
347.80
Relative Strength Index
51.79
Money Flow Index
54.67
MACD
0.98
MACD Signal
0.57
Average True Range
12.28
Average Directional Index
12.03
Rate of Change (21)
-0.07
Rate of Change (125)
32.96

Race Eco Chain Ltd Company background

Founded in: 1999
Managing director: Sunil Kumar Malik
Race Eco Chain Ltd (Formerly known as Anisha Impex Limited) was incorporated in November 22, 1999. RACE ECO as the abbreviation suggests Recycling and Circular Economy is an environmentally conscious initiative with a mission to reduce the Carbon footprint caused by waste plastics. The Company is involved in aggregation of packaging plastic waste and channelizing it for recycling into consumer friendly products. The Company is establishing its network by converting existing unorganized Eco chain to organized one. The complete vertical setup is responsible from the collection and audit of the waste to the end product to enable traceability. As an innovative initiative, the Company has built an Artificial Intelligence enabled App to convert the recyclers with the sellers, for better transparency and ease of doing business in the industry.The Company focused on the transformational power of technology to address the decadesold problem of plastic waste. It is building an AIdriven (APPbased tech platform), asset light, endtoend ESG technology solution which will help grow the unorganized waste management sector to an organized sector. These asset light models consists of warehouses in each district of the country to support recyclers that will be operated by the franchisees themselves. With the selfsegregation model, the Company offer valueadding opportunities for waste entrepreneurs either in upcycling products directly from consumers or recycling waste for higher industrial consumption. By doing so, the consumers can attract more commercial funding and partners throughout the waste value chain from waste collection and transportation to waste processing. Within a short span, with the help of existing dealers and recyclers base, the Company has been able to mark across 20 states within India. Currently, the Company is working closely with 17 Recyclers Pan India with collection network of 57 franchisee associates across the map. The Company intends to create districtwise pan India collection points. It is channelizing plastic waste to create downstream recycled products for consumer connect through the brand RESTORE. This niche line of products is made from recycled plastic of the highest quality, promoting sustainability and providing e2e traceability. Through its RESTORE division, the Company is selling recycled products under the same brand. The Company is creating, designing and delivering exhaustive and customized learning programs to enhance employee capabilities and have a future ready workforce. Diversity and inclusion is a key business priority for the Company. It focused on inducting women across levels, with a focus on managerial lateral hiring. The Company aims to have a board comprising 50% of women by December 2021. There is also ongoing work on gender sensitivity in the organization and to build an inclusive ecosystem to build women talent pool both for managerial and nonmanagerial cadres. Currently, women are holding various leadership positions, where the Company continue to encourage trend and believe that equal opportunity starts with equitable access to career development opportunities and support. The Company is committed to equitable compensation, and compensation levels are meritbased and determined by qualification, experience levels, special skills and individual performance. With consistent efforts, the Company wish to build as a preferred organization for all. Apart from this, the online AI and Big Dataenabled App seek to bring about scalability and transparency in the supply and demand chain.
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Race Eco Chain Ltd FAQs

Race Eco Chain Ltd shares are currently priced at 369.6 on NSE and 365.5 on BSE as of 2/28/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Race Eco Chain Ltd [RACE] share was 0. The Race Eco Chain Ltd [RACE] share hit a 1-year low of Rs. 226.1 and a 1-year high of Rs. 408.65.

The market cap of Race Eco Chain Ltd is Rs. 607.33 Cr. as of 2/28/2024 12:00:00 AM.

The PE ratios of Race Eco Chain Ltd is 285.55 as of 2/28/2024 12:00:00 AM.

The PB ratios of Race Eco Chain Ltd is 27.58 as of 2/28/2024 12:00:00 AM

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