Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
HighStrong financials and growth story over the years
Profitability
AvgAverage profitability - not good, not bad
Entry point
BadThe stock is in the overbought zone
Red flags
LowNo red flag found
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Race Eco Chain Limited is an India-based company. The Company is mainly engaged in the business of collection, segregation, transportation, trading, processing, composting, recycling, treatment and disposal of all types of waste material and recyclable products. The Company's segments include Mis Old Economy Products, Recycle Division, Restore Division and IT Division. It channelizes plastic waste to create downstream recycled products for consumer connect through its brand RESTORE. It offers various products, such as bags, which include tote bags, packaging bags, accessories dust bags, spill kit bags, laundry bags and sheet set bags; duvet covers; carriers; and curtains. Its network serves customers in various locations to access waste and recyclers across the country. The Company is involved in aggregation of plastic waste and production of recycled products. The Company also has built an artificial intelligence-enabled application to connect the recyclers with the sellers.
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Pledged promoter holdings is insignificant
In last 3 months, mutual fund holding of the company has almost stayed constant
Race Eco Chain Limited has informed the Exchange regarding Board meeting held on November 06, 2023. approved the Unaudited Standalone and Financial Results for the Half year ended on 30-09-2023, Later on we came to know that there is some clerical mistake in the Cash Flow Statement. The rectified Standalone and Consolidated Cash Flow Statement is enclosed herewith for the half year ended on 30th September, 2023. | Download
Race Eco Chain Limited has informed the Exchange regarding Board meeting held on November 06, 2023. approved the Unaudited Standalone and Financial Results for the Half year ended on 30-09-2023, Later on we came to know that there is some clerical mistake in the Cash Flow Statement. The rectified Standalone and Consolidated Cash Flow Statement is enclosed herewith for the half year ended on 30th September, 2023. | Download
Total Promoter HoldingIncreasing promoter holding is considered good and reflects management’s positive view about the future outlook
In last 6 months, promoter holding in the company has almost stayed constant