RAL UNTOLD STORY, KEEPING TOUCH

invest thinker · 1 RAL UNTOLD STORY, KEEPING TOUCH Fri Sep 23, 2022 12:05 am

invest thinker

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bkasun · 2 Re: RAL UNTOLD STORY, KEEPING TOUCH Sun Sep 25, 2022 12:25 pm

bkasun

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RAL is a hidden gem.

Just saw a article that coconut prices are dropping in last few auctions and it will be a favorable factor for RAL as their main input cost will be reduced. Also, this is export oriented company and their LKR income will be double with recent currency depreciation. I'm not surprise if they report Rs.4+ EPS for 2022/23.

Only negative factor for RAL is their directors are not ethical as they are trading their own company shares same like other retail investors (This is common for all the Renuka group shares). In last rally, it was nicely positioned to pass Rs12. But suddenly their directors sold their shares @ 8.50 range and it was damper the momentum.