Borosil Renewable Ltd is one stock which has performed well despite many ups and downs in this stock. This stock has gone as low as Rs 16 and as high as Rs 782. From there this stock slipped to the Rs 400 range and only in December this stock again moved to Rs 623. But Now Borosil Renewable stock is trading at Rs 498. Renewable energy is one sector which is getting the attention of everybody because of the great potential for growth possible in this sector. Human beings are looking for alternate sources of power to fuel our houses and industries and here solar energy can fill this gap. Borosil Renewable is a good stock from this sector but its growth path is unstable. However, if we see the previous trend of this stock then it moves in this way only.
Borosil Renewable has positive revenue growth but the net income of the company is negative as per December Quater reports. The net profit margins of the company have also decreased which is a worrying sign. The promoter holding in the company is 61.6% and it remains unchanged in the last quarter. Both FIIs and Mutual fund houses have increased their holding in this stock which shows the strength of this stock. At present, this stock has a high PE thus available at an expensive valuation. The debt on the company is low which is a good sign. This stock is trading at 7 times its book value.
The volatility and risk factors are quite high in this stock but the recent correction in this stock suggests an upcoming uptrend shortly. All demands on the demand of solar glasses in the near future and how the company manage its profits.
Current Price - Rs 499
Future Trend - 10 to 15% upside in six months
Risk Factor - Very High
Stop Loss - Rs 480
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