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Weekly Tech Picks: Cholamandalam Financial Holdings Ltd, NOCIL Ltd, TVS Motor Company Ltd & Astral Ltd By Axis Securities Cholamandalam Financial Holdings Ltd. • CHOLAHLDNG on the weekly chart has decisively broken out above the “Falling Channel” pattern at 650 level with strong bullish candle indicating positive bias. • The breakout is accompanied with an increase in volume confirming participation at breakout level • Stock holds above 50% Fibonacci Retracement of a rally from 225-762 placed at 491 forming a medium term support zone. • The weekly strength indicator RS...
Weekly Tech Picks: Cholamandalam Financial Holdings Ltd, NOCIL Ltd, TVS Motor Company Ltd & Astral Ltd By Axis Securities
Weekly Tech Picks: Cholamandalam Financial Holdings Ltd, NOCIL Ltd, TVS Motor Company Ltd & Astral Ltd By Axis Securities
Source: Axis Securities Ltd
8/05/2023 11:19:45 AM
Buy NOCIL Ltd For Target Rs.280 - Motilal Oswal Financial Services  * NOCIL is the largest manufacturer of rubber chemicals in India, with a domestic and global market share of ~40% and ~5%, respectively. Having a rich experience of over four decades, it is a one-stop shop and a dependable supplier of rubber chemicals. The company provides a range of 20+ products. It is part of the Arvind Mafatlal group, with Mr. Hrishikesh A. Mafatlal serving as the Executive Chairman and a Promoter Director of the company. * We visited the company’s Dahe...
Buy NOCIL Ltd For Target Rs.280 - Motilal Oswal Financial Services
Buy NOCIL Ltd For Target Rs.280 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
21/03/2023 3:10:53 PM
Buy NOCIL Ltd For Target Rs.283 - Motilal Oswal Financial Services Management confident of better performance ahead Key highlights from the Non-Deal Roadshow We hosted NOCIL for a Non-Deal Roadshow in Chennai on 13th December, 2022. NOCIL is the largest manufacturer of rubber chemicals in India, with a domestic/global market share of ~40%/~5%, respectively. Having a rich experience of over four decades, it is a one-stop shop and a dependable supplier of rubber chemicals. The company provides a range of 20+ products. NOCIL has two manufacturing facilit...
Buy NOCIL Ltd For Target Rs.283 - Motilal Oswal Financial Services
Buy NOCIL Ltd For Target Rs.283 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd.
11/01/2023 3:00:41 PM
Buy NOCIL Ltd For Target Rs.283 - Motilal Oswal Financial Services Global recessionary trend puts a dent on volumes * EBITDA at INR51.9/kg missed our estimate (down 22%QoQ), with realization being flat QoQ (at INR329/kg, up 20% YoY). Raw material costs in 2QFY23 were also flattish QoQ even as volumes declined 13% YoY and 23% QoQ at 11.8kmt, as a result of the global recessionary trends, which primarily impacted export volumes QoQ. Domestic volumes, however, showed moderate growth. * NOCIL believes that demand is expected to be muted for the next couple...
Buy NOCIL Ltd For Target Rs.283 - Motilal Oswal Financial Services
Buy NOCIL Ltd For Target Rs.283 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
12/11/2022 12:17:00 PM
Buy NOCIL Ltd For Target Rs.319 - Motilal Oswal Financial Services Another strong quarter aided by an uptick in demand ? NOCIL delivered a beat on our EBITDA estimate (at INR66/kg, -18% QoQ), with realization being flat QoQ (at INR333/kg, +27% YoY) in 1QFY23. Raw material costs were higher; however, volumes grew 16% YoY and 11% QoQ to 15.3kmt, which were boosted by easing of supply chains and an uptick in demand from OEMs as well as replacement demand. ? The company’s focus will be on growing its volumes, which it has been successfully executing....
Buy NOCIL Ltd For Target Rs.319 - Motilal Oswal Financial Services
Buy NOCIL Ltd For Target Rs.319 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/09/2022 10:14:42 AM
NOCIL Q4 net profit jumps 90.14% at Rs 68.47 cr The company reported standalone net profit of Rs 68.47 crore for the quarter ended March 31, 2022 as compared to Rs 36.01 crore in the same period last year, registering a year-on-year growth of 90.14 per cent. Net revenue of the company rose substantially by 43.71 per cent at Rs 462.74 crore in January-March quarter of this fiscal as against Rs 321.99 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 29.63 per cent to Rs 352.20 cror...
NOCIL Q4 net profit jumps 90.14% at Rs 68.47 cr
NOCIL Q4 net profit jumps 90.14% at Rs 68.47 cr
Source: Dion Global Solutions Ltd
18/05/2022 1:40:37 PM
Buy NOCIL Ltd For Target Rs.320 - Motilal Oswal Margin: The issue of the past, a concern of the future! * The prices of Aniline, a key raw material for NOCIL, have shot up by 20% MoM in Nov’21 (up 44% QoQ and 149% YoY) due to a supply crunch and other reasons mentioned below. This could result in a normalization of margin for NOCIL (recorded a peak margin of INR55/kg in the no Anti-Dumping Duty environment in 1QFY22). * As the price of Aniline increases, the ability of the company to pass through the entire increase subsides (a...
Buy NOCIL Ltd For Target Rs.320 - Motilal Oswal
Buy NOCIL Ltd For Target Rs.320 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
1/12/2021 11:45:38 AM
Buy NOCIL Ltd For Target Rs.340 - Motilal Oswal Clarity over pricing power; higher margins to sustain * NOCIL reported higher-than-estimated realization (pricing action taken in Apr’21 to offset the increase in input cost), while volumes came in below estimates (as operating activity at the customer was interrupted for 2–3 weeks by the second COVID wave). This translated to in-line revenue, although margins expanded. * The gross margin stood at INR129/kg (v/s INR94/kg in 4QFY21 and INR97/kg in 1QFY21). EBITDA also rose to...
Buy NOCIL Ltd For Target Rs.340 - Motilal Oswal
Buy NOCIL Ltd For Target Rs.340 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/09/2021 10:06:20 AM
Momentum Pick - Buy NOCIL Ltd For Target Rs. 215 - HDFC Securities Momentum Pick - Buy NOCIL Ltd For Target Rs. 215- HDFC Securities  Stock price has broken out on the Daily chart with higher volumes. Oscillators like MFI & RSI is showing strength in the current uptrend of the stock Short term trend of the stock has turned positive where stock price closed above its 5- and 20-day SMA Primary trend of stock is positive where stock is trading above its 200 day SMA Buy NOCIL Ltd Up to 10 days @ ...
Momentum Pick - Buy NOCIL Ltd For Target Rs. 215 - HDFC Securities
Momentum Pick - Buy NOCIL Ltd For Target Rs. 215 - HDFC Securities
Source: HDFC Securities Ltd
3/05/2021 3:10:42 PM
Momentum Pick - Buy NOCIL Ltd For Target Rs. 190 - HDFC Securities Momentum Pick - Buy NOCIL Ltd For Target Rs. 190 - HDFC Securities  * After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce. * Today’s upmove could be considered as an upside breakout of the narrow range movement/immediate resistance. * The short term trend seems to have turned positive. We observe a formation of positive candlestick pattern as per intraday/daily/weekly timeframe chart. * Volume has started to rise...
Momentum Pick - Buy NOCIL Ltd For Target Rs. 190 - HDFC Securities
Momentum Pick - Buy NOCIL Ltd For Target Rs. 190 - HDFC Securities
Source: HDFC Securities Ltd
16/03/2021 11:45:29 AM