Introduction
Rashi Peripherals Share Price: RASHI PERIPHERALS started the day at ₹335.0 and finished at ₹311.0. It had a good day, hitting a peak of ₹342.5 and a low of ₹320.05. The company is valued at 0.0 crore rupees in the market. Interestingly, the stock’s highest and lowest points in the past year are both recorded at 0.0. On this trading day, a total of 1,094,231 shares were traded on the BSE.
In its debut on the BSE, Rashi Peripherals impressed investors by opening at Rs 335, a notable 7.72% premium over its issue price of Rs 311. This marked an exciting beginning, valuing the company at a significant Rs 2,207.64 crore. The positive trend continued on the NSE, where the stock opened at Rs 339.50, registering a robust 9.16% increase.
Rashi Peripherals Share Price Today
RASHI PERIPHERALS ORD is currently up by 3.07% at Rs 320.55 from its last closing price. It has been moving between the prices of Rs 342.50 and Rs 317.80.
Rashi Peripherals Share Price Analysis
Rashi Peripherals Limited (RPTECH), a player in the Miscellaneous segment, navigates the vast world of Miscellaneous verticals. As a micro-cap company, it holds a unique position with a Market Capitalization of Rs 0 (in Cr), making waves on the NSE under the code NSE: RPTECH.
In the past year, RPTECH has been a silent performer, declaring a dividend of Rs 0 per share at the current share price of Rs 321.50. However, the dividend yield stands at 0%, leaving investors in anticipation.
RPTECH’s uncertain performance echoes through its earnings and profit margins, reflecting an EPS of 0.0. The book value per share is pegged at 164.85, translating to a current price-to-book ratio of 1.95 as of Feb 14, 2024.
Rashi Peripherals Share Price Target 2024
In 2024, we anticipate Rashi Peripherals’ share price to reach around ₹410, considering the recent IPO price at the higher end of the band (₹311). Our forecast blends the company’s past financial success, ongoing trends in ICT distribution, and the growth potential in the Indian market. Rashi Peripherals’ strong brand presence and the positive vibe from its recent IPO are key factors.
Rashi Peripherals Share Price Prediction 2025
As Rashi Peripherals keeps growing, we think its share price could reach around ₹445 by the end of 2025. This estimate considers their plans to expand into new tech areas and their commitment to building a strong brand.
Rashi Peripherals Share Price Prediction Tomorrow
Rashi Peripherals Investors! RPTECH’s share price has surged by 3.38%, indicating a positive short-term trend. If you’re into intraday trading, keep an eye on the VWAP at 331.20 – if the price stays around there, it’s a potential stop loss. Now, for the long-term enthusiasts, the future forecast table suggests sticking to RPTECH’s upward trend.
Rashi Peripherals Share Price Financial performance
Rashi Peripherals demonstrates robust financial performance, boasting a commendable Compound Annual Growth Rate (CAGR) of 26.32%.
This upward trajectory catapulted its revenue from operations to Rs 9,454.30 crore in FY23, a significant surge from Rs 5,925 crore in FY21.
Impressively, for the initial half of FY24, the company sustained its financial momentum, achieving a revenue of Rs 5,468.50 crore. Taking a strategic financial step, Rashi Peripherals successfully raised Rs 600 crore through a fresh issue.
This infusion is earmarked to intelligently manage debt, allocate Rs 326 crore, and fortify the company’s working capital, paving the way for sustained growth.
ALSO READ Reliance Industries Share Price 2024 Growth and Projection.
Brief History of Rashi Peripherals Company
If we talk about the company Rashi Peripherals Private Limited was established on March 15, 1989, as a private company. its co-founder is Mr. Suresh Pansari.
The company is offering Pre-sales, Technical Support, Marketing Credit Solutions, and Warranty Management Services.
This company is a Distribution Partner of Global Technology brand in India which also Provides information and communications technology (ICT) products.
Current Share Price Analysis of Rashi Peripherals
RASHI PERIPHERALS is now trading at ₹326.35, a solid 4.94% jump from yesterday’s closing at ₹311.0. That’s a net change of ₹15.35, bringing the current stock price to ₹326.35.”
Can We Buy Rashi Peripherals Share?
Zee Business Managing Editor Anil Singhvi suggests that if you’re in it for the long haul, holding onto Rashi Peripherals shares is a good call. For short-term investors, he advises holding too but recommends setting a stop loss at Rs 325
Conclusion:
Rashi Peripherals shows promising growth, marked by a successful IPO, positive stock trends, and strategic financial moves, including a recent fund infusion. With an anticipated share price of ₹410 in 2024 and ₹445 by 2025, the company’s expansion into new tech areas and strong brand focus adds to the optimism. Long-term investors are advised to hold, while short-term investors are encouraged to consider a stop loss at Rs 325, as suggested by Zee Business Managing Editor Anil Singhvi.
