RBMINFRA MAKING A NEW BREAKOUT

RBMINFRA is breaking out from a 7-month base taking the stock to trade at new heights. It is now trading very close to the breakout point (after breaching the resistance during the last week). If it starts trading above 745 we can see some good rally. On this weekly chart momentum is strong as indicated by RSI that is moving up above 60. Its relative performance to CNX 500 is strong and is rising above its 52-week MA.

The company is primarily engaged in engineering, execution, testing & commissioning, O&M of structures and equipment for oil & gas refineries, cement, fertilisers, petrochemicals, & thermal power plants etc. On the fundamentals side the company has revenue growth of 50%+, pre-tax margin of 12%, ROE of 11%, and debt-equity of 1%. These metrics indicate robust health of the company. Over the last 3 quarters both sales and EPS have been growing significantly.

No recommendation. Only personal analysis for educational purposes. Please consult your Financial Advisor for any investment or buy or sell decisions in the financial markets.