Radhika Jeweltech Ltd
לונג

Buying Opportunity in Radhika Jeweltech Ltd & Analysis

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Introduction:
Radhika Jeweltech Ltd is engaged in the manufacturing and trading of gold, diamond & platinium jewellery. RJL is a jewelry retailer based out of Rajkot, Gujarat. The company has served 20 lakh+ customers to date. RJL offers services that include jewelry repairs, resizing, and cleaning.

Fundamentals:
Market Cap: ₹ 1,157 Cr.;
Stock P/E: 20.0 (Ind. P/E: 35.60) 👍;
ROCE: 24.6% 👍;
ROE: 20.6% 👍;
3 Years Sales Growth: 58% 👍;
3 Years Profit Growth: 30% 👍;
3 Years Stock Price CAGR: 43% 👍
Pros: The company has delivered good profit growth of 48.8% CAGR over last 5 years
The stock has
Technicals:
Radhika Jeweltech Ltd has been in a downtrend since attaining a peak level of 157.
It is trading in a strong consolidation range between 95 and 105 levels.
20 EMA (Black line) is just below 50 EMA (Orange line), indicating the weakness in the trend.
More than 35% down from all-time high price of 157 level.
Resistance levels: 109, 126, 139, 157
Support levels: 95, 76

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