RPSG Ventures Share Price Target Forecast 2022, 2023, 2025, 2030

DECEMBER 01, 2021

Arihant Capital: RPSG Ventures Share Price Target 2022; Buy For Rs 2903

Arihant Capital is bullish on RPSG Ventures, recommending a BUY rating on the company with a target price of Rs 2903 in its December 1, 2021 research report.

Revenue for RPSG Ventures in Q2FY22 outperformed expectations, coming in at INR 1,599 Cr vs an estimate of INR 1,365 Cr. It increased by 23% YoY/-1% QoQ, owing to increases across the board. However, owing to raw material cost pressures, gross profit margin fell 40 basis points/107 basis points quarter over quarter and year over year. EBITDA increased by 34% YoY and 7% QoQ, respectively, and above forecasts by INR 201 Cr and INR 165 Cr. EBITDA margin increased by 105 basis points yearly while contracting by 86 basis points to 12.55 percent. On a quarter-over-quarter basis, EBITDA margin fell in line with gross profit margin compression.

Outlook

We keep our BUY recommendation on the company and assign priority to a Target Price of Rs 2,483 per share (Bear/Lower Case Scenario), Rs 2,903 per share (Base Case Scenario), and Rs 3,199 per share (Best Case Scenario) based on SOTP valuation.

Moneycontrol.com is the source for this information.


26 OCTOBER 2021

After winning the auction for the Lucknow IPL franchise, RPSG Ventures’ stock rose 5%.

The stock of RPSG Ventures increased by more than 5% on October 26 when the RP-Sanjiv Goenka Group (RPSG) won the bid to acquire the Indian Premier League’s Lucknow squad.

RPSG Ventures has been named as one of the successful bidders in the BCCI’s Dubai bidding process.

On August 31, 2021, the Board of Control for Cricket in India (BCCI) announced an Invitation to Tender (ITT) for the opportunity to own and run one of two additional franchises in the Indian Premier League (IPL). From the start of the season to the end of the season in 2022.

The Company, as well as private/unlisted firms of the RP-SG Group, will own and run the IPL Lucknow Franchise at Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium, as per the conditions of the bid and ITT. A new firm has been formed.

According to the provisions of the ITT, the gross compensation for the new franchise is Rs 709 crore per year, payable for a period of ten years, and the new franchisee would be entitled to the central authority’s share of income as per the relevant laws. BCCI, according to the firm.

This is contingent on final paperwork with BCCI and completion of other ITT requirements, including the letter of intent.

Moneycontrol.com is the source for this information.


14 SEPTEMBER 2021

Short-term share price target for RPSG Ventures’

Nandish Shah, SENIOR DERIVATIVE AND TECHNICAL ANALYST | HDFC SECURITIES

RPSG Ventures | LTP: Rs 785.75 | Target: Rs 905 | Stop-loss: Rs 730 | 15% upside

On the daily line chart, the stock ended at an all-time high, with larger volumes breaking out.

On the weekly chart, it broke a bullish flag formation, indicating that the major uptrend will continue.

Volume has been considerably greater during up weeks than during down weeks during the last few weeks, indicating accumulation.

The plus DI is above the negative DI, and the ADX line is above 25 with an upside bias, signalling imminent rising momentum.

A trendline breakthrough has occurred on the daily RSI and MFI lines, indicating a positive development in the short term.

Moneycontrol.com is the source for this information.


06 SEPTEMBER 2021

Share Price Target for RPSG Ventures; Trading Ideas for the Next 3-4 Weeks

Nandish Shah, SENIOR DERIVATIVE AND TECHNICAL ANALYST | HDFC SECURITIES

RPSG Ventures: Buy | CMP: Rs 720 | Target: Rs 815 | Stop Loss: Rs 670  | Return: 13% 

The stock price broke the bullish flag formation on the weekly chart, indicating that the major uptrend will continue. The stock price burst out of its recent trading range on the daily chart, closing at its highest level since July 29, 2021. Accumulation was noted in the last few weeks, with volumes being much larger in the preceding weeks than in the subsequent weeks. On the daily RSI and Money Flow Index (MFI) lines, a trendline breakout was detected, which indicates a positive event in the short term. RPSG Ventures is a buy recommendation with a stop loss of Rs 670 and a target of Rs 815, with a CMP of Rs 720.

Moneycontrol.com is the source for this information.


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