Company Visit Note: Rajoo Engineers Ltd (REL) - NOT RATED - Kotak

- Rajoo Engineers Ltd (REL)is India's prominent manufacturer of plastic industry processing machines specifically, extrusion and post extrusion machines for producing plastic products that find application in flexible packaging, drip irrigation, infrastructure, automobile and healthcare industry. Founded in 1986, located in Rajkot (Gujarat), REL has gradually expanded its operatios in India and overseas. It is one of the leading players in India, serving customers with large range of machines. On international front, it operates in 52 countries- exports business constitutes to c. 50% of company's revenues.

- REL has formed joint ventures with world leading players like Bausano & Figli S.p.a, Italy, Hosokawa Alpine of Germany and Commodore of USA. Successfully indigenizing the acquired technology from these overseas players and coupled with REL's remarkable execution capabilities it has managed to outpace the competitor originating from Indian as well as overseas players.

Shares of RAJOO ENGINEERS LTD. was last trading in BSE at Rs.34.35 as compared to the previous close of Rs. 33.8. The total number of shares traded during the day was 182912 in over 566 trades.

The stock hit an intraday high of Rs. 35.3 and intraday low of 33.5. The net turnover during the day was Rs. 6313189.

Source : Equity Bulls

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