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Agro-chemical industry to grow more than 9% notwithstanding competition from China: NITI Aayog member Government think tank Niti Aayog member Ramesh Chand has said that India's agro-chemical industry has the potential to grow more than the current nine per cent notwithstanding the competition from China. He also observed that many Western countries are shifting from agrochemicals to biopesticides and the Indian industry needs to pay attention to this aspect. He urged the Agro Chem Federation of India (ACFI) to come out with a document on ease of doing business in agrochemicals. Chand h...
Agro-chemical industry to grow more than 9% notwithstanding competition from China: NITI Aayog member
Agro-chemical industry to grow more than 9% notwithstanding competition from China: NITI Aayog member
Source: Accord Fintech
7/09/2023 12:36:34 PM
Syschem gains on bagging sales order worth Rs 28.02 lakh Syschem (India) is currently trading at Rs. 52.58, up by 0.32 points or 0.61% from its previous closing of Rs. 52.26 on the BSE. The scrip opened at Rs. 52.26 and has touched a high and low of Rs. 53.21 and Rs. 52.26 respectively. So far 63946 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.10 on 23-Jan-2023 and a 52 week low of Rs. 36.32 on 17-Jul-2023. Last one week high and low of the scrip stood at Rs. 5...
Syschem gains on bagging sales order worth Rs 28.02 lakh
Syschem gains on bagging sales order worth Rs 28.02 lakh
Source: Accord Fintech
4/09/2023 5:13:09 PM
Buy Vinati Organics Ltd For Target Rs.2150 - Motilal Oswal Financial Services New product launches to drive the next leg of growth * Vinati Organics (VO)’s FY23 Annual Report highlights its long-term relationships with clients as well as its focus on R&D expertise. These have helped the company amplify the value for all its stakeholders, despite cyclicality and macro headwinds. * VO is facing demand challenges in its key product, ATBS, due to inventory build-up by customers because of high offtake during 2HFY23. However, management expects the launch of...
Buy Vinati Organics Ltd For Target Rs.2150 - Motilal Oswal Financial Services
Buy Vinati Organics Ltd For Target Rs.2150 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2/09/2023 11:23:21 AM
Ultramarine & Pigments rises on starting commercial production of Pigments project-phase 2 in Andhra Pradesh Ultramarine & Pigments is currently trading at Rs. 430.50, up by 1.65 points or 0.38% from its previous closing of Rs. 428.85 on the BSE. The scrip opened at Rs. 426.00 and has touched a high and low of Rs. 432.95 and Rs. 423.15 respectively. So far 23323 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 438.00 on 29-Aug-2023 and a 52 week low of Rs. 306.30 on 22-May-2023. Last one week high and low of the scr...
Ultramarine & Pigments rises on starting commercial production of Pigments project-phase 2 in Andhra Pradesh
Ultramarine & Pigments rises on starting commercial production of Pigments project-phase 2 in Andhra Pradesh
Source: Accord Fintech
31/08/2023 3:03:30 PM
Shish Industries moves higher on getting nod to purchase machineries from Tapeplast Industries Shish Industries is currently trading at Rs. 115.00, up by 3.85 points or 3.46% from its previous closing of Rs. 111.15 on the BSE. The scrip opened at Rs. 116.00 and has touched a high and low of Rs. 116.00 and Rs. 111.00 respectively. So far 4553 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 149.65 on 01-Aug-2023 and a 52 week low of Rs. 45.33 on 05-Dec-2022. Last one week high and low of the scrip stood at...
Shish Industries moves higher on getting nod to purchase machineries from Tapeplast Industries
Shish Industries moves higher on getting nod to purchase machineries from Tapeplast Industries
Source: Accord Fintech
30/08/2023 10:41:19 AM
Chemical stocks see buying after a long time Heavyweight stocks were muted compared to the sector-wise and mid and smallcap upsides on Tuesday, said Vinod Nair, Head of Research at Geojit Financial Services. The chemical sector emerged as a clear winner due to improvements in product prices stemming from stability in the demand and supply scenario. Meanwhile, the metals sector rallied in anticipation of further green shoots from the Chinese government and central banks, aimed at improving the local economy. The benefits from fe...
Chemical stocks see buying after a long time
Chemical stocks see buying after a long time
Source: IANS
30/08/2023 9:21:26 AM
Dharmaj Crop Guard jumps on entering into lease deed agreement with Gujarat Industrial Development Corporation Dharmaj Crop Guard is currently trading at Rs. 214.75, up by 3.45 points or 1.63% from its previous closing of Rs. 211.30 on the BSE. The scrip opened at Rs. 212.00 and has touched a high and low of Rs. 215.05 and Rs. 211.50 respectively. So far 5298 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 278.90 on 08-Dec-2022 and a 52 week low of Rs. 139.00 on 29-Mar-2023. Last one week high and low of the scrip stood...
Dharmaj Crop Guard jumps on entering into lease deed agreement with Gujarat Industrial Development Corporation
Dharmaj Crop Guard jumps on entering into lease deed agreement with Gujarat Industrial Development Corporation
Source: Accord Fintech
29/08/2023 3:27:28 PM
Rashtriya Chemicals and Fertilizers soars on getting `Navratna Status` from DPE Rashtriya Chemicals and Fertilizers is currently trading at Rs. 127.10, up by 5.00 points or 4.10% from its previous closing of Rs. 122.10 on the BSE. The scrip opened at Rs. 121.10 and has touched a high and low of Rs. 130.40 and Rs. 118.55 respectively. So far 962069 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.80 on 15-Dec-2022 and a 52 week low of Rs. 89.50 on 28-Mar-2023. Last one week high and low ...
Rashtriya Chemicals and Fertilizers soars on getting `Navratna Status` from DPE
Rashtriya Chemicals and Fertilizers soars on getting `Navratna Status` from DPE
Source: Accord Fintech
29/08/2023 3:20:20 PM
Chemicals Sector Update : Chemical prices have started recovering By Yes Securities * The price correction, which had begun from early CY23, has shown visible signs of reversal since Jul’23. * The last quarter saw subdued demand due to multiple factors like excessive dumping from China, global slowdown, inventory destocking, capacity addition for some chemicals, and weakening of sectors like agrochemicals, pigments, dyes, textile. * Specialty chemicals prices were comparatively less impacted vis-a-vis commodity chemicals. * PVC price recovery since July is the...
Chemicals Sector Update : Chemical prices have started recovering By Yes Securities
Chemicals Sector Update : Chemical prices have started recovering By Yes Securities
Source: Yes Securities Ltd
29/08/2023 2:24:05 PM
Black Rose Industries surges on commissioning Rooftop Solar Power System Black Rose Industries is currently trading at Rs. 138.90, up by 2.85 points or 2.09% from its previous closing of Rs. 136.05 on the BSE. The scrip opened at Rs. 136.50 and has touched a high and low of Rs. 138.90 and Rs. 136.50 respectively. So far 4966 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 205.00 on 13-Sep-2022 and a 52 week low of Rs. 94.95 on 29-Mar-2023. Last one week high and low of the scrip stoo...
Black Rose Industries surges on commissioning Rooftop Solar Power System
Black Rose Industries surges on commissioning Rooftop Solar Power System
Source: Accord Fintech
29/08/2023 10:52:59 AM
Vidhi Specialty Food Ingredients jumps on commencing trial production at Dahej SEZ plant in Gujarat Vidhi Specialty Food Ingredients is currently trading at Rs. 433.05, up by 8.70 points or 2.05% from its previous closing of Rs. 424.35 on the BSE. The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 436.00 and Rs. 429.50 respectively. So far 1717 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 447.30 on 23-Aug-2023 and a 52 week low of Rs. 317.15 on 15-Feb-2023. Last one week high and low of th...
Vidhi Specialty Food Ingredients jumps on commencing trial production at Dahej SEZ plant in Gujarat
Vidhi Specialty Food Ingredients jumps on commencing trial production at Dahej SEZ plant in Gujarat
Source: Accord Fintech
28/08/2023 11:32:27 AM
Hold Galaxy Surfactants Ltd For Target Rs. 2,475 - ICICI Securities EBITDA to grow in FY24 despite weak start in Q1 Galaxy Surfactants’ (GSL) Q1FY24 EBITDA/kg stood at INR 20.8, down 16.8% YoY. Volume growth was steady at 7.4%. India volume continues to be strong; AMET has stabilised at low levels, and RoW has been impacted by the de-stocking in North America. GSL has guided EBITDA/kg to grow at INR 20-22.75 in FY24. This will be driven by recovery in North America market which will likely drive higher sales for specialty care segment; AMET volumes s...
Hold Galaxy Surfactants Ltd For Target Rs. 2,475 - ICICI Securities
Hold Galaxy Surfactants Ltd For Target Rs. 2,475 - ICICI Securities
Source: ICICI Securities Ltd
25/08/2023 2:49:41 PM
Buy Archean Chemical Industries Ltd For Target Rs. 750 - ICICI Securities Muted bromine business; outlook improving Archean Chemical’s (ACI) Q1FY24 EBITDA dipped 16.3% YoY to INR 1.3bn due to lower volumes and prices for bromine (revenue dipped 33% YoY), while industrial salt revenue was steady, grew 3.2%. SOP shipment has also been pushed to the remaining quarters of FY24. ACI had seen early green shoots in bromine business which have been hurt by deinventorisation. It expects volume recovery immediately; however, prices may follow later. It is working wi...
Buy Archean Chemical Industries Ltd For Target Rs. 750 - ICICI Securities
Buy Archean Chemical Industries Ltd For Target Rs. 750 - ICICI Securities
Source: ICICI Securities Ltd
25/08/2023 2:38:48 PM
Hindprakash Industries shines on starting manufacturing new product 'Adhesives' Hindprakash Industries is currently trading at Rs. 127.85, up by 6.95 points or 5.75% from its previous closing of Rs. 120.90 on the BSE. The scrip opened at Rs. 129.95 and has touched a high and low of Rs. 135.00 and Rs. 127.85 respectively. So far 3456 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 140.00 on 8-Aug-2023 and a 52 week low of Rs. 72.41 on 28-Mar-2023. Last one week high and low of the scrip sto...
Hindprakash Industries shines on starting manufacturing new product 'Adhesives'
Hindprakash Industries shines on starting manufacturing new product 'Adhesives'
Source: Accord Fintech
25/08/2023 11:11:03 AM
Neutral Pidilite Industries Ltd For Target Rs.R2,440 - Motilal Oswal Financial Services Ltd In-line performance; margin outlook improves * Pidilite Industries (PIDI)’s 1QFY24 performance was in line, due to healthy volume expansion. The domestic C&B business clocked a sharp volume growth of 12% YoY. Meanwhile, the B2B segment posted a single-digit decline mainly due to lower exports and weaker demand from export-focused sectors. * Its key RM, vinyl acetate monomer (VAM), continued to decline materially to ~USD1,150/t from USD2,250/t in 1QFY23. Consequently, the GP ma...
Neutral Pidilite Industries Ltd For Target Rs.R2,440 - Motilal Oswal Financial Services Ltd
Neutral Pidilite Industries Ltd For Target Rs.R2,440 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
24/08/2023 2:42:25 PM
Buy Archean Chemical Industries Ltd For Target Rs. 735 - JM Financial Institutional Securities Earnings miss; outlook encouraging for bromine demand Archean’s 1QFY24 earnings print was weaker than expected with EBITDA/EPS miss of ~16%/17% mainly on account of subdued bromine sales. Recently, bromine prices have started firming in China. Moreover, the management has also started seeing early signs of recovery in bromine demand. Hence, in our view, 2HFY24 should be better than 1HFY24 from both bromine volume and realisation fronts. Moreover, the company’s bromine derivativ...
Buy Archean Chemical Industries Ltd For Target Rs. 735 - JM Financial Institutional Securities
Buy Archean Chemical Industries Ltd For Target Rs. 735 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
22/08/2023 3:07:28 PM
Vipul Organics shines on venturing into paper segment in domestic market Vipul Organics is currently trading at Rs. 130.00, up by 5.40 points or 4.33% from its previous closing of Rs. 124.60 on the BSE. The scrip opened at Rs. 126.95 and has touched a high and low of Rs. 131.00 and Rs. 124.05 respectively. So far 35888 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.00 on 13-Sep-2022 and a 52 week low of Rs. 82.00 on 31-Mar-2023. Last one week high and low of the scrip stood at ...
Vipul Organics shines on venturing into paper segment in domestic market
Vipul Organics shines on venturing into paper segment in domestic market
Source: Accord Fintech
21/08/2023 2:54:52 PM
Syschem zooms on getting sales order worth Rs 3.06 crore Syschem (India) is currently trading at Rs. 50.00, up by 2.60 points or 5.49% from its previous closing of Rs. 47.40 on the BSE. The scrip opened at Rs. 48.94 and has touched a high and low of Rs. 51.85 and Rs. 48.93 respectively. So far 123937 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.10 on 23-Jan-2023 and a 52 week low of Rs. 35.15 on 19-Aug-2022. Last one week high and low of the scrip stood at Rs. ...
Syschem zooms on getting sales order worth Rs 3.06 crore
Syschem zooms on getting sales order worth Rs 3.06 crore
Source: Accord Fintech
21/08/2023 11:53:39 AM
Syschem (India) gains on receiving sales order of around Rs 1.20 crore Syschem (India) is currently trading at Rs. 48.12, up by 0.41 points or 0.86% from its previous closing of Rs. 47.71 on the BSE. The scrip opened at Rs. 47.01 and has touched a high and low of Rs. 49.38 and Rs. 46.85 respectively. So far 52853 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.10 on 23-Jan-2023 and a 52 week low of Rs. 35.15 on 19-Aug-2022. Last one week high and low of the scrip stood at Rs. 4...
Syschem (India) gains on receiving sales order of around Rs 1.20 crore
Syschem (India) gains on receiving sales order of around Rs 1.20 crore
Source: Accord Fintech
18/08/2023 3:36:13 PM
Sell Vinati Organics Ltd For Target Rs 1,625 - Centrum Broking Ltd Volume pressure in Q1; FY25E numbers downgraded Vinati Organics (Vinati) reported muted Q1 performance marred by demand challenges in exports market despite product prices being relatively resilient. Exports volumes were impacted due to higher offtake in 2HFY23 which is expected to normalize in 1HFY24E with the ongoing inventory destocking. Resultantly, Vinati’s revenues/ EBITDA/ PAT declined 15%/ 17%/ 18% YoY and 14%/ 28%/ 28% QoQ. ATBS expansion and MEHQ/ Guaiacol projects are on t...
Sell Vinati Organics Ltd For Target Rs 1,625 - Centrum Broking Ltd
Sell Vinati Organics Ltd For Target Rs 1,625 - Centrum Broking Ltd
Source: Centrum Broking Ltd
18/08/2023 3:01:41 PM
Buy Gujarat Fluorochemicals Ltd For Target Rs.3,570 - ICICI Securities Fluoropolymer prices stable; demand weak on destocking Gujarat Fluorochemicals’ (GFL) Q1FY24 EBITDA at INR 3.5bn was down 24% YoY. It was impacted by: 1) lower realisation for bulk chemicals where entire revenue loss flows down to PBT, and 2) lower fluoropolymers volumes which led to under-absorption of fixed costs. Company expects fluoropolymers volumes to normalise in Q4FY24 and ref-gas revenue to recover in H2FY24 on revival of R-125 exports to the US (while bulk chemicals price r...
Buy Gujarat Fluorochemicals Ltd For Target Rs.3,570 - ICICI Securities
Buy Gujarat Fluorochemicals Ltd For Target Rs.3,570 - ICICI Securities
Source: ICICI Securities
18/08/2023 12:37:01 PM
RCF zooms on receiving prior Environmental Clearance for Nano Urea Project Rashtriya Chemicals and Fertilizers is currently trading at Rs. 112.00, up by 4.10 points or 3.80% from its previous closing of Rs. 107.90 on the BSE. The scrip opened at Rs. 108.90 and has touched a high and low of Rs. 113.65 and Rs. 108.10 respectively. So far 288028 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.80 on 15-Dec-2022 and a 52 week low of Rs. 87.75 on 23-Aug-2022. Last one week high and low ...
RCF zooms on receiving prior Environmental Clearance for Nano Urea Project
RCF zooms on receiving prior Environmental Clearance for Nano Urea Project
Source: Accord Fintech
17/08/2023 1:42:01 PM
Buy PI Industries Ltd For Target Rs.4,560 - Motilal Oswal Earnings beat our estimates * PI recorded a strong growth in 1QFY24 (revenue up 24% YoY), led by robust growth in the CSM business (revenue up 33% YoY); however, the domestic business again witnessed muted growth (down 13% YoY). EBITDA margin expanded 210bps YoY, led by operating leverage and a favorable product mix. * We maintain our FY24/FY25 earnings estimates. We reiterate our BUY rating on the stock with a TP of INR4,560. Strong volume growth in CSM drives sales growth * Reve...
Buy PI Industries Ltd For Target Rs.4,560 - Motilal Oswal
Buy PI Industries Ltd For Target Rs.4,560 - Motilal Oswal
Source: Motilal Oswal Financial Services
17/08/2023 11:55:15 AM
Buy Deepak Nitrite Ltd For Target Rs.2,420 - JM Financial Institutional Securities Phenol spreads likely to have bottomed out; maintain BUY Deepak Nitrite’s 1QFY24 earnings print was weaker than anticipated on account of sharp decline in phenolics business profitability primarily on account of supply glut arising from China re-opening. Going forward, we expect improvement in phenolics spreads as the company would benefit from the lower feedstock prices. Further, additional phenol volume (from debottlenecking phenolics capacity by 10%) could partly offset if any sus...
Buy Deepak Nitrite Ltd For Target Rs.2,420 - JM Financial Institutional Securities
Buy Deepak Nitrite Ltd For Target Rs.2,420 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
15/08/2023 1:26:34 PM
Neutral Pidilite Industries Ltd For Target Rs.2,440 - Motilal Oswal Financial Services In-line performance; margin outlook improves * Pidilite Industries (PIDI)’s 1QFY24 performance was in line, due to healthy volume expansion. The domestic C&B business clocked a sharp volume growth of 12% YoY. Meanwhile, the B2B segment posted a single-digit decline mainly due to lower exports and weaker demand from export-focused sectors. * Its key RM, vinyl acetate monomer (VAM), continued to decline materially to ~USD1,150/t from USD2,250/t in 1QFY23. Consequently, the GP ma...
Neutral Pidilite Industries Ltd For Target Rs.2,440 - Motilal Oswal Financial Services
Neutral Pidilite Industries Ltd For Target Rs.2,440 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
14/08/2023 1:18:04 PM
Southern Magnesium touches roof on receiving order for supply of Magnesium Powder Southern Magnesium & Chemicals is currently trading at its upper limit of Rs. 94.02, up by 4.47 points or 4.99% from its previous closing of Rs. 89.55 on the BSE. The scrip opened at Rs. 94.02 and has touched a high and low of Rs. 94.02 and Rs. 94.02 respectively. So far 2778 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.49 on 20-Jun-2023 and a 52 week low of Rs. 37.15 on 12-Aug-2022. Last one week h...
Southern Magnesium touches roof on receiving order for supply of Magnesium Powder
Southern Magnesium touches roof on receiving order for supply of Magnesium Powder
Source: Accord Fintech
14/08/2023 12:50:45 PM
Buy Aarti Industries Ltd Target Rs.590 - Yes Securities Key sector slowdowns impacting business Our View:? ARTO’s 1QFY24 reported operating profits stood at Rs 2bn (-28.5% YoY; -19.5% QoQ), below our (YES: Rs 2.5bn) and street expectations (Rs 2.3bn). The Ebitda margin clocked in at 14.4%, lower QoQ and YoY. The PAT stood below estimates at Rs 710mn. The result was impacted due to global destocking of inventory, margin contraction due to competition from China, decline in prices of rm & lower volumes. Recovery among sectors expecte...
Buy Aarti Industries Ltd Target Rs.590 - Yes Securities
Buy Aarti Industries Ltd Target Rs.590 - Yes Securities
Source: Yes Securities Ltd
13/08/2023 12:10:36 PM
Buy Navin Fluorine Ltd For Target Rs.5,665 - JM Financial Institutional Securities Ltd Navin Fluorine’s (NFIL) 1QFY24 EBITDA missed our and consensus estimates by ~28% primarily on account of issues at the HFO plant in Jun’23. However, the management says that the lost volume will be majorly recovered over the next 2 quarters. On the CDMO front, the management remains hopeful of achieving ~20%YoY growth and probably higher growth in FY25 with increased offtake. Besides, the new contract with Fermion for multiple late-stage pharma molecules has increased the company&...
Buy Navin Fluorine Ltd For Target Rs.5,665 - JM Financial Institutional Securities Ltd
Buy Navin Fluorine Ltd For Target Rs.5,665 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
12/08/2023 2:57:24 PM
Buy Deepak Nitrite Ltd For Target Rs. 2,355 - Yes Securities Our View DN’s reported 1QFY24 operating profit at Rs 2bn (-41% YoY & -40% QoQ), stood below than our and street estimates led by industry wide challenges such as China oversupply leading to weaker phenol prices, inventory destocking, slowdown in EU. DN has utilized its own inventory to be able to take benefit of low prices of raw material. Despite of challenging environment operated plant at 135% utilization in phenolics, though correction in phenolics cracks impacted revenue. AI...
Buy Deepak Nitrite Ltd For Target Rs. 2,355 - Yes Securities
Buy Deepak Nitrite Ltd For Target Rs. 2,355 - Yes Securities
Source: Yes Securities Ltd
12/08/2023 12:53:41 PM
Buy UPL Ltd For Target Rs. 880 - JM Financial Institutional Securities UPL’s 1QFY24 EBITDA missed our and consensus estimates by 44% and 34%, respectively. This weak earnings print clearly indicates the headwinds faced by the generic agrochemicals players on account of excess supply scenario created by the Chinese players. Owing to these challenges, management has cut its FY24 EBITDA growth guidance to 3-7% (from 8-12%) within a span of two months. We had indicated in our recent report (click here) that price normalisation of generic agrochemicals will onl...
Buy UPL Ltd For Target Rs. 880 - JM Financial Institutional Securities
Buy UPL Ltd For Target Rs. 880 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
11/08/2023 2:20:06 PM
Pidilite Industries trades higher on reporting 32% rise in Q1 consolidated net profit Pidilite Industries is currently trading at Rs. 2535.00, up by 14.85 points or 0.59% from its previous closing of Rs. 2520.15 on the BSE. The scrip opened at Rs. 2557.80 and has touched a high and low of Rs. 2557.80 and Rs. 2517.05 respectively. So far 11619 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2916.85 on 15-Sep-2022 and a 52 week low of Rs. 2250.85 on 24-Feb-2023. Last one week high and low of the sc...
Pidilite Industries trades higher on reporting 32% rise in Q1 consolidated net profit
Pidilite Industries trades higher on reporting 32% rise in Q1 consolidated net profit
Source: Accord Fintech
11/08/2023 11:10:15 AM
India`s Pidilite Industries posts Q1 profit rise on strong demand, easing costs India's Pidilite Industries, maker of adhesive brand Fevicol, reported a more than 32% rise in first-quarter profit on Thursday, aided by strong demand and reduced input costs. The company's consolidated net profit rose to 4.68 billion rupees ($56.53 million) for the three months ended June 30, it said in an exchange filing. Consolidated revenue from operations rose nearly 6% to 32.75 billion rupees. The company, also known for its waterproofing product Dr. Fixit and paper-to...
India`s Pidilite Industries posts Q1 profit rise on strong demand, easing costs
India`s Pidilite Industries posts Q1 profit rise on strong demand, easing costs
Source: Reuters
10/08/2023 5:39:05 PM
GMM Pfaudler Q1 FY24 Results today Hi, good morning. I would like to inform you that GMM Pfaudler will be announcing its Q1 FY24 Results today. We will share the press release for the same around 4:00 PM, request you to please have a look and carry the same, if possible.
GMM Pfaudler Q1 FY24 Results today
GMM Pfaudler Q1 FY24 Results today
Source: Accord Fintech
10/08/2023 2:17:29 PM
PI Industries gains on reporting 46% rise in Q1 consolidated net profit PI Industries is currently trading at Rs. 3888.00, up by 6.55 points or 0.17% from its previous closing of Rs. 3881.45 on the BSE. The scrip opened at Rs. 3984.00 and has touched a high and low of Rs. 3984.00 and Rs. 3832.60 respectively. So far 23865 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4010.00 on 21-Jun-2023 and a 52 week low of Rs. 2870.00 on 28-Mar-2023. Last one week high and low of the scrip sto...
PI Industries gains on reporting 46% rise in Q1 consolidated net profit
PI Industries gains on reporting 46% rise in Q1 consolidated net profit
Source: Accord Fintech
10/08/2023 2:15:50 PM
Dhanuka Agritech gains on starting trial production at Dahej plant Dhanuka Agritech is currently trading at Rs. 774.05, up by 5.05 points or 0.66% from its previous closing of Rs. 769.00 on the BSE. The scrip opened at Rs. 765.90 and has touched a high and low of Rs. 780.00 and Rs. 765.90 respectively. So far 766 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 817.60 on 06-Jun-2023 and a 52 week low of Rs. 603.05 on 03-Apr-2023. Last one week high and low of the scrip stood at ...
Dhanuka Agritech gains on starting trial production at Dahej plant
Dhanuka Agritech gains on starting trial production at Dahej plant
Source: Accord Fintech
9/08/2023 10:24:49 AM
India Glycols jumps as company to expand facilities for New Value-Added chemical Products India Glycols is currently trading at Rs. 651.00, up by 14.45 points or 2.27% from its previous closing of Rs. 636.55 on the BSE. The scrip opened at Rs. 669.15 and has touched a high and low of Rs. 688.00 and Rs. 649.50 respectively. So far 42959 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 977.45 on 13-Sep-2022 and a 52 week low of Rs. 514.00 on 25-Apr-2023. Last one week high and low of the scrip stood at...
India Glycols jumps as company to expand facilities for New Value-Added chemical Products
India Glycols jumps as company to expand facilities for New Value-Added chemical Products
Source: Accord Fintech
8/08/2023 4:07:45 PM
Deep Polymers zooms on starting commercial production of Masterbatches at Gandhinagar manufacturing facility Deep Polymers is currently trading at Rs. 96.97, up by 5.25 points or 5.72% from its previous closing of Rs. 91.72 on the BSE. The scrip opened at Rs. 92.89 and has touched a high and low of Rs. 97.10 and Rs. 90.00 respectively. So far 118529 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 185.00 on 08-Aug-2022 and a 52 week low of Rs. 80.00 on 28-Feb-2023. Last one week high and low of the scrip stood at Rs. 9...
Deep Polymers zooms on starting commercial production of Masterbatches at Gandhinagar manufacturing facility
Deep Polymers zooms on starting commercial production of Masterbatches at Gandhinagar manufacturing facility
Source: Accord Fintech
8/08/2023 2:51:08 PM
Vishnu Chemicals gains on completing fund raise of Rs 200 crore through QIP Vishnu Chemicals is currently trading at Rs. 347.55, up by 2.45 points or 0.71% from its previous closing of Rs. 345.10 on the BSE. The scrip opened at Rs. 343.20 and has touched a high and low of Rs. 352.35 and Rs. 343.20 respectively. So far 5582 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 429.40 on 08-Sep-2022 and a 52 week low of Rs. 245.05 on 06-Mar-2023. Last one week high and low of the scrip stood at...
Vishnu Chemicals gains on completing fund raise of Rs 200 crore through QIP
Vishnu Chemicals gains on completing fund raise of Rs 200 crore through QIP
Source: Accord Fintech
8/08/2023 11:57:11 AM
India's Tata Chemicals posts drop in Q1 profit on lower prices, volumes India's Tata Chemicals Ltd posted a 9.7% fall in first-quarter profit on Monday, hurt by a fall in soda ash prices and lower volumes. The chemical manufacturer's consolidated net profit fell to 5.32 billion rupees ($64.31 million) during the quarter ended June 30 from 5.89 billion rupees a year earlier. "Soda ash prices got adversely impacted as many customers delayed their purchasing decisions due to new supplies expected from Inner Mongolia, China," said Managing Dir...
India's Tata Chemicals posts drop in Q1 profit on lower prices, volumes
India's Tata Chemicals posts drop in Q1 profit on lower prices, volumes
Source: Reuters
7/08/2023 7:40:26 PM
Buy UPL Ltd For Target Rs. 880 - JM Financial Institutional Securities Navigating uncertain times UPL’s 1QFY24 EBITDA missed our and consensus estimates by 44% and 34%, respectively. This weak earnings print clearly indicates the headwinds faced by the generic agrochemicals players on account of excess supply scenario created by the Chinese players. Owing to these challenges, management has cut its FY24 EBITDA growth guidance to 3-7% (from 8-12%) within a span of two months. We had indicated in our recent report (click here) that price normalisation of ...
Buy UPL Ltd For Target Rs. 880 - JM Financial Institutional Securities
Buy UPL Ltd For Target Rs. 880 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
7/08/2023 2:54:16 PM
Neutral Navin Fluorine Ltd For Target Rs. 4,815 - Motilal Oswal Financial Services Ltd * Navin Fluorine (NFIL) reported 44%/56% lower-than-estimated EBITDA/PAT due to subdued performances in the HPP/CDMO businesses. Gross margin stood at 58.7%, while EBITDA margin dipped 570bp QoQ to 23.3%. The company expects margin to rebound in the coming quarters with higher utilization at its various plants. * High Performance Products (HPP) business (down 42% QoQ) disappointed in 1QFY24 due to multiple shutdowns at the new HFO plant as well as a planned shutdown at the AHF plant. Deman...
Neutral Navin Fluorine Ltd For Target Rs. 4,815 - Motilal Oswal Financial Services Ltd
Neutral Navin Fluorine Ltd For Target Rs. 4,815 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
5/08/2023 11:50:46 AM
Vikas Ecotech shines on bagging orders worth Rs 20 crore for supplying coal to Prism Johnson Vikas EcoTech is currently trading at Rs. 3.18, up by 0.13 points or 4.26% from its previous closing of Rs. 3.05 on the BSE. The scrip opened at Rs. 3.03 and has touched a high and low of Rs. 3.19 and Rs. 3.03 respectively. So far 1696195 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 4.13 on 19-Jan-2023 and a 52 week low of Rs. 2.38 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs. 3.19 and ...
Vikas Ecotech shines on bagging orders worth Rs 20 crore for supplying coal to Prism Johnson
Vikas Ecotech shines on bagging orders worth Rs 20 crore for supplying coal to Prism Johnson
Source: Accord Fintech
4/08/2023 12:36:19 PM
Buy Navin Fluorine Ltd For Target Rs.5,267- Centrum Broking Ltd After several quarters, Navin Fluorine (Navin) reported a subdued quarterly performance impacted by planned and unplanned shutdown of its HFO plant (Honeywell). Consequently, revenues/ EBITDA/ PAT for Q1 declined 29.5%/ 43.4%/ 54.9% QoQ at Rs4.9bn/ Rs1.1bn/ Rs615mn. Management cited it as a one-off impact due to operational issues post planned shutdown and nothing to assign to the industry environment. Apart from HFO plant issue, CDMO revenues too were lower QoQ due to lumpiness and execution...
Buy Navin Fluorine Ltd For Target Rs.5,267- Centrum Broking Ltd
Buy Navin Fluorine Ltd For Target Rs.5,267- Centrum Broking Ltd
Source: Centrum Broking Ltd
3/08/2023 3:23:36 PM
Buy Navin Fluorine Ltd For Target Rs.5,665 - JM Financial Institutional Securities Navin Fluorine’s (NFIL) 1QFY24 EBITDA missed our and consensus estimates by ~28% primarily on account of issues at the HFO plant in Jun’23. However, the management says that the lost volume will be majorly recovered over the next 2 quarters. On the CDMO front, the management remains hopeful of achieving ~20%YoY growth and probably higher growth in FY25 with increased offtake. Besides, the new contract with Fermion for multiple late-stage pharma molecules has increased the company&...
Buy Navin Fluorine Ltd For Target Rs.5,665 - JM Financial Institutional Securities
Buy Navin Fluorine Ltd For Target Rs.5,665 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
3/08/2023 2:29:07 PM
Buy UPL Limited For Target Rs949 - centrum broking Post a washout performance in Q4FY23, UPL reported again a dismal Q1FY24 marred by both volume decline as well as price corrections. It reported YoY Revenue/ EBITDA/ PAT decline of 17.2%/ 40.7%/ 81.1%. Except for Advanta, which reported a strong 26%/ 54% surge in revenues/ EBITDA, all the other platforms remained under pressure impacting overall performance. The Differentiated and Sustainable Solutions portfolio delivered robust performance with revenues growing 7% YoY, supporting contributio...
Buy UPL Limited For Target Rs949 - centrum broking
Buy UPL Limited For Target Rs949 - centrum broking
Source: Centrum Broking Ltd
2/08/2023 1:10:21 PM
Buy Rossari Biotech Ltd For Target Rs.1,030 - Yes Securities Weak raw material prices led to tepid earnings growth Our View Rossari’s reported operating profits at Rs 577mn (flat YoY; +6% QoQ) The Ebitda margin at 14.1% (4Q: 13.4%) improved marginally due to lower employee cost. The standalone earnings stood stronger with S.A. Ebitda at Rs 351mn growing by 30% YoY & -2% QoQ, driven by a 11% YoY and -2% QoQ growth in revenue and a constant Ebitda margin of 13.6%. Revenue was supported form new product introduction in HPPC, while there wa...
Buy Rossari Biotech Ltd For Target Rs.1,030 - Yes Securities
Buy Rossari Biotech Ltd For Target Rs.1,030 - Yes Securities
Source: Yes Securities Ltd
2/08/2023 1:07:13 PM
Anupam Rasayan India Limited Reports Q1FY24 Results Anupam Rasayan India Ltd. (BSE- 543275, NSE- ANURAS, ISIN: INE930P01018), one of India’s leading custom synthesis and specialty chemical player, has announced its financial results for the quarter ended June 30, 2023. Consolidated Financial Highlights for Quarter ended June 30, 2023  * Total Revenue at ?3,988 million in Q1FY24 as compared to ?3,343 million in Q1FY23 – growth of 19% Y-o-Y.  * EBITDA (incl. other revenue) at ?1,138 million in Q1FY24 as compar...
Anupam Rasayan India Limited Reports Q1FY24 Results
Anupam Rasayan India Limited Reports Q1FY24 Results
Source: PR Agency
1/08/2023 12:03:48 PM
Vinati Organics soars on subscribing to additional shares in Veeral Organics Vinati Organics is currently trading at Rs. 1894.00, up by 62.20 points or 3.40% from its previous closing of Rs. 1831.80 on the BSE. The scrip opened at Rs. 1840.00 and has touched a high and low of Rs. 1894.00 and Rs. 1838.35 respectively. So far 4993 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2372.95 on 12-Sep-2022 and a 52 week low of Rs. 1693.05 on 29-Mar-2023. Last one week high and low of the scrip s...
Vinati Organics soars on subscribing to additional shares in Veeral Organics
Vinati Organics soars on subscribing to additional shares in Veeral Organics
Source: Accord Fintech
1/08/2023 10:40:25 AM