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Rajnandini Metal Ltd is a prominent Indian enterprise that specializes in manufacturing and trading metal products, primarily copper and aluminum wires. Established in 1991, the company has steadily carved a niche for itself in various sectors, including construction, electrical applications, and telecommunications. As of October 16, 2024, the Rajnandini Metal Share Price on the National Stock Exchange (NSE) is 9.95 INR. In this article, we will explore the Rajnandini Metal Share Price Targets from 2024 to 2030, providing insights and analysis of the factors influencing its performance.
Rajnandini Metal Ltd: Market Overview
- Open Price: ₹10.29
- High Price: ₹10.29
- Low Price: ₹9.05
- Previous Close: ₹10.24
- Volume: 3,308,516
- Value (Lacs): ₹324.23
- VWAP: ₹9.98
- UC Limit: ₹12.28
- LC Limit: ₹8.19
- P/E Ratio: 28.39
- Dividend Yield: N/A
- 52-week High: ₹21.35
- 52-week Low: ₹8.80
- Market Cap: ₹275.10 Cr
- Face Value: ₹10
Rajnandini Metal Ltd Competitors
Rajnandini Metal competes with several major players in the metal industry. Below are five notable competitors along with their approximate market capitalizations:
| Competitor | Market Capitalization (Approx) | Description |
|---|---|---|
| Hindalco Industries Ltd | ~$22 billion | A leading aluminum manufacturer in India with significant operations in copper. |
| Vedanta Ltd | ~$19 billion | A diversified natural resources company involved in multiple metal sectors. |
| Jindal Steel and Power Ltd (JSPL) | ~$6 billion | Involved in steel, power, and mining, with focus on several metal products. |
| Tata Steel Ltd | ~$22 billion | One of the largest steel producers with a diverse product range. |
| Sesa Sterlite (part of Vedanta Group) | ~$12 billion | Operates in mining and metals, offering copper and aluminum products. |
Rajnandini Metal Share Price Chart
Rajnandini Metal Share Price Target Predictions (2024 to 2030)
| Year | Expected Share Price Target |
|---|---|
| 2024 | ₹11.40 |
| 2025 | ₹15.19 |
| 2026 | ₹19.12 |
| 2027 | ₹24.65 |
| 2028 | ₹29.78 |
| 2029 | ₹34.90 |
| 2030 | ₹38.22 |
Rajnandini Metal Share Price Target 2024
The expected target for Rajnandini Metal’s share price in 2024 is ₹11.40. Several factors are anticipated to drive this growth:
- Rising Demand for Metal Products: The expanding demand across various industries, including infrastructure and renewable energy, will directly influence Rajnandini Metal’s revenue.
- Price Fluctuations of Raw Materials: The pricing dynamics of essential raw materials like copper and aluminum will affect operational costs and margins, impacting profitability.
- Technological Advancements: Continuous improvements in manufacturing technologies will enhance production efficiency and product offerings, strengthening competitive positioning.
Rajnandini Metal Share Price Target 2025
The anticipated share price target for 2025 is ₹15.19. Key growth enablers include:
- Expansion into New Markets: Broadening market reach can attract new clientele, boosting revenue.
- Sustainability Efforts: A focus on eco-friendly manufacturing processes may enhance brand appeal and attract consumers.
- Supportive Government Policies: Regulatory initiatives aimed at enhancing manufacturing output can fuel demand, positively affecting performance.
Rajnandini Metal Share Price Target 2030
The projected target for 2030 is ₹38.22, influenced by:
- Persistent Infrastructure Development: Ongoing investments in construction will drive demand for metal products.
- Innovation: Continuous R&D investments will help optimize production and create new products, enhancing market share.
- Global Market Trends: Navigating international trade and pricing fluctuations will be vital for sustaining growth.
Rajnandini Metal Ltd Shareholding Pattern
- Promoter:** 51.68%
- Foreign Institutional Investors (FII):** 0%
- Domestic Institutional Investors (DII):** 0%
- Public:** 48.32%
Rajnandini Metal Ltd Financials
| (INR) | 2024 | Year-On-Year Change |
|---|---|---|
| Revenue | 12.12B | 17.84% |
| Operating Expense | 265.00M | 11.72% |
| Net Income | 152.40M | 11.40% |
| Net Profit Margin |