Rajratan Global Wire Share Price Target 2024, 2025, 2026, 2030

Published on: November 9, 2023

Here, we will discuss about Rajratan Global Wire Share Price Target 2024, 2025, 2026, 2030 on the basis of its fundamental and technical analysis.

This article is going to be very useful for all the investor looking for making an investment on Rajratan Global Wire company. because through this article, we will share the fundamental and technical analysis of this company so that you can make your decision on investment. Also we will share the target of this share based on its analysis.

Rajratan Global Wire Company Basic info

CEO	Sunil Chordia
Headquarter	Indore, Madhya Pradesh, India
Market Capitalization	₹ 4,295 Cr.
Sector / Industry	Metals & Mining Sector
Official Website	Click Here

The Rajratan Global Wire Company works on the field of Metals & Mining Sector and the current Market Capitalization of this listed company is about 4925 crore. The headquarter of this company is situated in Indore, Madhya Pradesh, India and Sunil Chordia is in charge of CEO at this company.

Rajratan Global Wire Share Fundamentals

Market Cap	₹ 4,285 Cr.
P/E Ratio	42.8
Industry PE	12.50
P/B Ratio	9.78
Debt to Equity	0.41
ROE	25.7 %
ROCE	27.0 %
EPS	19.70
Book Value	₹ 86.5
High / Low	₹ 1,410 / 697
Dividend Yield	0.24 %
Face Value	2

Rajratan Global Wire Share Price Target 2024

Rajratan Global Wire company was started in 1989 AD. In its initial days, this company used to manufacture only bead wire which was mainly used in tire manufacturing and repair.

At present, this company is growing its business in many other Metals & Mining sectors, the positive effect of which will definitely be seen in its share price.

In the year 2024, its shares may be seen trading between Rs 840 and Rs 870.

First Target 2024	840
Second Target 2024	870

Rajratan Global Wire Share Price Target 2025

At present, this company supplies bead wire to big tire companies like Apollo Tyres, ATG, CEAT, MRF, Balkrishna etc. and its business is witnessing continuous growth.

The business of Rajratan Global Wire company is spread in India as well as Thailand and efforts are being made by its management to expand it to other countries also in the future.

By the year 2025, its share price may be seen trading between Rs 920 and Rs 970.

First Target 2023	920
Second Target 2023	970

Rajratan Global Wire Share Price Target 2026

Along with manufacturing Bead wire, this company has also started manufacturing High Carbon Steel wire so that more growth can be seen in its business.

At present, the production capacity of this company’s Bead wire is 112000 tons per year and its subsidiary company located in Thailand also manufactures 40000 tons of Bead wire. About 90% of the revenue of Rajratan global wire ltd company comes from this source, hence the company is paying more attention in this area.

By the year 2026, its shares can trade between Rs 1090 and Rs 1170.

First Target 2026	1090
Second Target 2026	1170

Rajratan Global Wire Share Price Target 2030

If you are planning to invest in rajratan global wire ltd company for a long time, then this can be a profitable deal for you. Because the way the company’s management is taking steps for the growth of its business, it seems that its stock will definitely rise in the future.

But if you want to invest then definitely contact your financial advisor or do your own analysis. The target given in this article is only for information.

By the year 2030, its stock may be seen trading between 1600 and 1900.