CMP-30.5
Rossell India Limited was formerly Rossell Tea Limited. The Company has diverse interests in Tea, Aviation and Hospitality. To better reflect the diversification of its businesses, and to create a unified brand, the company, on the 19th of April 2011, rechristened itself as Rossell India Limited. Post this rechristening, Rossell India Limited has also restructured itself into three divisions – Tea, Aviation & Defence (Technology and Engineering) and Product Support Services (Aerospace). In the Aerospace and Defence segment, the company has JV’s, partnerships and service agreements with leading OEMs of the world. Apart from this, Rossell India Limited also has strategic partnerships in the Hospitality sector.Rossell India Limited has collaborative strategic investments in the fast food business in Nigeria, Africa. With franchise rights from YUMS, the brand owners of KFC, Pizza hut and Taco Bell, eight KFC stores are already operational. By the end of 2012, forty outlets would be operational.Charts showing double bottom, positive divergance on RSI,MACD and Stochastics.
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