Rane (Madras) Ltd

NSE
RML •
BUY

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1M Return

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6M Return

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Start SIP in Rane (Madras) 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 %
106.64% Gain from 52W Low
-1.5
TTM PE Ratio
High in industry
59.1
Price to Book Ratio
Above industry Median
5.4
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is much higher than 1
2.7
RSI
RSI is mid-range
51.4
MFI
MFI strongly Overbought
83.4

Rane (Madras) Ltd Key Financials

*All values are in ₹ Cr.

Rane (Madras) Ltd shareholding Pattern

Promoter
72.6%
Mutual Funds
0.6%
Public
26.7%

Rane (Madras) Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
13
Bearish Moving Averages
3
5Day EMA
793.30
10Day EMA
792.00
12Day EMA
791.10
20Day EMA
790.00
26Day EMA
790.90
50Day EMA
795.90
100Day EMA
786.40
200Day EMA
726.80
Delivery & Volume
Resistance & Support
799.83
Pivot
Resistance
First Resistance
805.97
Second Resistance
815.33
Third Resistance
821.47
Support
First Support
790.47
Second support
784.33
Third Support
774.97
Relative Strength Index
51.37
Money Flow Index
83.37
MACD
0.22
MACD Signal
-2.68
Average True Range
32.51
Average Directional Index
19.90
Rate of Change (21)
-1.21
Rate of Change (125)
23.06

Rane (Madras) Ltd Company background

Founded in: 2004
Rane (Madras) Ltd, a part of the Rane group, is a manufacturer of steering and suspension systems. The company operates under one division, namely components for transportation industry. They manufacture two types of steering gears, namely, circulating ball type steering gears, and rack and pinion type steering gears. The other products include tie rod assemblies, drag link assemblies, center link assemblies and gear shift ball joints. The company is a subsidiary company of Rane Holdings Ltd. The company is having their manufacturing facilities located at Chennai and Kancheepuram in Tamil Nadu, Mysore in Karnataka, Thirubuvanai in Pondicherry and Pantnagar in Uttarakhand. The production facilities in Mysore cater to the tractor and commercial vehicle segment the Pondicherry plant to the passenger car segment the plant in Chennai caters to the light commercial vehicle, heavy commercial vehicle and utility vehicle segment the Kancheepuram plant to the export market and the manufacturing facility in Pantnagar (Uttarakhand) supplies gears exclusively to Tata Motors Ltd.Rane (Madras) Ltd was incorporated on March 31, 2004 as a public limited company with the name Rane Holdings Ltd. The name of the company was subsequently changed to Rane (Madras) Manufacturing Ltd with effect from February 22, 2005. In April 2005, the manufacturing undertaking of the erstwhile Rane (Madras) Ltd was demerged and transferred to the company with effect from July 1, 2004. In terms of the scheme, the demerged company was renamed as Rane Holding Ltd and the name of the company was changed from Rane (Madras) Manufacturing Ltd to Rane (Madras) Ltd with effect from May 19, 2005.During the year 200506, the company increased the production capacity of Steering gear products from 590,300 Nos to 597,500 Nos.During the year 200607, the company set up a new plant for manufacture of ball joints in Ambakkam, Varanasi Village, Kancheepuram primarily to cater to the export markets. They commenced commercial production during the year. They also set up a manufacturing facility at Integral Industrial Estate, Pant Nagar, Uttarakhand, for supply of Steering Gears exclusively to Tata Motors Ltd.Rane Holding Ltd made additional investment in the company, and thus the company became a wholly owned subsidiary of the Rane Holdings Ltd with effect from March 26, 2007.
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Rane (Madras) Ltd FAQs

Rane (Madras) Ltd shares are currently priced at 796.6 on NSE and 795.75 on BSE as of 2/22/2024 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 Rane (Madras) Ltd [RML] share was 74.19. The Rane (Madras) Ltd [RML] share hit a 1-year low of Rs. 385.5 and a 1-year high of Rs. 990.5.

The market cap of Rane (Madras) Ltd is Rs. 1295.69 Cr. as of 2/22/2024 12:00:00 AM.

The PE ratios of Rane (Madras) Ltd is 7.05 as of 2/22/2024 12:00:00 AM.

The PB ratios of Rane (Madras) Ltd is 5.04 as of 2/22/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.63% at the end of 2/22/2024 12:00:00 AM.

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