Penny stocks are always like Scrap stocks. the reason is They Test Lot of patience of investors Before will start the Rally and if They Survive the Business we can Expect 50% Returns to 1000% Returns in Future For Long term Investors .
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Now Lets look back about the Company which we would like to Discuss is given below.
Shree Rama Newsprint Limited (SRNL) is one of India’s largest manufacturers of recycled paper based writing & printing paper and newsprint. The company was established in 1993 and is part of Riddhi Siddhi Group – a diversified conglomerate with interests in starch manufacturing, real estate, and wind energy.
The company has a state-of-the-art manufacturing plant with an installed annual capacity of 150,000 MT and is spread over an area of 230 acres in Surat, Gujarat and is strategically located near the Hazira Port.
Shree Rama Newsprint Limited (SRNL) is one of India’s largest manufacturers of recycled paper based writing & printing paper and newsprint. Established in 1993, the company is listed on the Bombay Stock Exchange and National Stock Exchange.
The company has a state-of-the-art manufacturing plant with an Installed annual capacity of producing 150000 MT writing & printing paper and newsprint.SRNL has manpower strength of over 1200 people.
The manufacturing plant of SRNL is spread over an area of 230 acres at Surat, Gujarat, in the western part of India. The plant is strategically located near the Hazira port at a distance of 25 kms and is 10 kms from Surat Airport. Surat city is 250 kms from Mumbai, the commercial capital of India.
PRODUCTS OF COMPANY :
- WRITING & PRINTING PAPER
- PHOTOCOPIER PAPER
- KRAFT PAPER
Below are the Clients :
SRNL manufactures different grades of writing & printing paper which are used in making notebooks, publications, and base paper by leading publication houses. In a short period of time, SRNL has achieved customer satisfaction on various stringent parameters such as brightness, strength, opacity and printability.
The company has a growing export segment owing to the quality of its product and close proximity of the plant with major ports in India.
NON EXECUTIVE CHAIRMAN
Mr. Ganpatraj Chowdhary
Mr. Ganpatraj Chowdhary is the founder of Riddhi Siddhi Group and the visionary behind the group’s diversification and transformation of Shree Rama Newsprint Ltd. He is the doyen of the starch industry in India. He established Riddhi Siddhi Gluco Biols Ltd. in 1992 and made it the industry leader.
Mr. Siddharth Chowdhary
Mr. Siddharth Chowdhary is a second generation entrepreneur and the promoter-director of the diversified Riddhi Siddhi Group.
As the executive director, he is the driving force behind SRNL’s strategic transformation and is leading the company to the next growth stage.
Mr. Chowdhary is a firm believer in the potential of ‘Make in India’ and has championed the cause of manufacturing in India at international and national fora. As a hands-on leader, he has deep-seated knowledge of all his businesses and a personal touch with employees of the group.
Mr. Chowdhary received his Masters’ Degree in Business Administration from the renowned University of Technology, Sydney, and Post Graduation in Marketing Management at Loyola Institute of Business Administration, Chennai.
COMPANY WEBSITE : https://www.ramanewsprint.com/index.html .
Annual Report Link : https://www.ramanewsprint.com/investors/ANNUAL%20REPORT/2019-20.pdf
Technically Its a good Buy .
COMPANY NAME : SHREE RAMA NEWSPRINT LTD.
CMP : 14.40/-
52 WEEKS HIGH/LOW : 20.34/9.67 .
TARGET : 19.20 – 36.80 – 60++
Stop-loss : 11.80 WCB (Weekly Closing Basis ).
TIME FRAME : 1 YEAR TO 3 Years Possible.
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This is my personal thoughts on this company and not at all a buy recommendation. Do own due diligence /consult a SEBI registered advisor before any action.