1 Penny Stock from the Debt-Free Electric Vehicle and Drone Sector to Add to Your Watchlist
About Rattan India Enterprises:
The company is the flagship company of Rattanindia Group for its new age growth business. The company is focused on new era technologies capable of bringing about enormous transformation.
With a focus on green mobility, the company has ventured into electric mobility through Revolt Motors, the leading players in electric motorcycles in the country. In addition, these solutions are affordable and easily accessible. Revolt is India’s first AI-enabled motorcycle that does not compromise on aesthetics and performance.
Similarly, to prepare for the Make In India government mission, the company has launched drone operations in the country through its subsidiary NeoSky India Limited. Drones have the potential to transform key sectors of the economy including logistics, agriculture, mining, infrastructure, surveillance, emergency response, transportation, geospatial mapping, defense and law enforcement.
The company’s finances are improving, with revenues showing a steady increase. Moreover, in the just ended December quarter, the company increased its loss on a quarterly basis to Rs. 0.90 crore. Also, in the same quarter, the profit of the company was Rs. 0.1 crore. The company maintains a healthy cash flow of Rs. 67.09 crores. This is a virtually debt free business which is also a good indicator of business finances.
The company with the changing landscape has seized the right opportunity at the right time and although it is not currently a profitable company, it is sure to make its mark moving forward with companies in growth areas. Losses may be due to its initial investments, and in due time it can break even and then become a profitable business.
The title is discussed mainly because of its foray into future technologies and one, after a thorough analysis, is considering taking bets on it. Although we mention it just to add it to your watch list and certainly if you seize the opportunity at the right time, you can reap huge gains in the stock.