RSYSTEMS trade ideas
India's leading Provider of Technology and AI services stockHello everyone, i hope you all will be doing good in your trading and your life as well, today i have brought stock which name is R Systems and it is a leading provider of technology, artificial intelligence, analytics and knowledge services. It partners with customers to enable or elevate their digital transformation with diversified digital offerings including product engineering, cloud enablement, quality assurance testing and digital platforms and solutions.
Technicals:-
Technically stock has given breakout of falling resistance trendline.
Stock has given golden crossover of 200-DEMA.
MACD and RSI started giving bullish crossover.
Fundamentals:-
Company has delivered good profit growth of 22.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
Company has been maintaining a healthy dividend payout of 53.4%
Company's working capital requirements have reduced from 35.8 days to 15.7 days
Market Cap
₹ 5,683 Cr.
Current Price
₹ 480
High / Low
₹ 599 / 250
Stock P/E
43.1
Book Value
₹ 51.7
Dividend Yield
1.41 %
ROCE
26.0 %
ROE
24.2 %
Face Value
₹ 1.00
Industry PE
35.3
Debt
₹ 131 Cr.
EPS
₹ 11.1
Promoter holding
51.9 %
Intrinsic Value
₹ 218
Pledged percentage
0.00 %
EVEBITDA
21.4
Change in Prom Hold
0.00 %
Profit Var 5Yrs
22.4 %
Sales growth 5Years
19.2 %
Return over 5years
60.1 %
Debt to equity
0.21
Net profit
₹ 132 Cr.
ROE 5Yr
25.1 %
Profit growth
-9.64 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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RSYSTEMS - BreakoutTrading idea for the stock
Buy: 287
Target: 315
Stop loss: 276
Profit: 2548
Loss: 1001
Risk/Reward: 1:2
Quantity: 91
The stock has given a breakout and closed at an all time high which could see profit booking happening.
Watch the movement of the stock and my suggestion would be if it falls a bit and then starts moving upwards take the trade. If the stock does not fall and starts its upward journey then use below levels for trade.
S1 - 210.65
S2 - 183.95
S3 - 168.00
R1 - 253.30
R2 - 269.25
R3 - 295.95