We recommended RCF - Expansion By Unlocking Value at Rs. 39 in March 2016. Over the last 26 months, the company stock price has increased substantially and the company is now trading at Rs. 73, indicating returns of 87% (Rs 2.2 Dividends Extra)

On May2016, we had given a partial sell recommendation on RCF. Now, considering the run-up without any significant directional change in earnings, we suggest to Exit completely from RCF at Rs. 73. This is also in light of potential better opportunities in the current stock market environment.

 

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