Espresso Shot of the Day - Apcotex Industries Ltd up by 10.97 percent

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Espresso Shot of the Day - Apcotex Industries Ltd up by 10.97 percent

April 29, 2022
Espresso Shot of the Day - Apcotex Industries Ltd up by 10.97 percent

APCOTEX INDUSTRIES LTD 591.25  (+10.97%) BSE – INE116A01032 | 29THAPRIL 2022


Apcotex is one of the leading producers of Synthetic Rubber (NBR & HSR) and Synthetic Latex (Nitrile, VP latex, XSB & Acrylic latex) in India. The company has one of the broadest range of Emulsion Polymers available in the market today. The various grades of Synthetic Rubber find application in products such as Automotive Components, Hoses, Gaskets, Rice De-husking Rollers, Printing and Industrial Rollers, Friction Materials, Belting, and Footwear. Their range of Latexes is used for Paper/Paper Board Coating, Carpet Backing, Tyre Cord Dipping, Construction, etc. They believe in implementing best practices across all departments of the company and adhering to high quality, safety and environmental standards. Their state-of-the-art manufacturing plants are strategically located on the western coast of India. Over the past several years, they have developed a strong Research & Development base, which has enabled them to develop, manufacture and export products and compete effectively against global players. Through their technical service team and well-equipped application laboratory, they believe in providing value-added services to enable customers to constantly improve the quality of their final product. Apcotex has a significant global presence and for the last few years has done business in all continents and several countries. Apcotex has been awarded the prestigious “TPM Excellence Award, Category A” and “TPM Consistency Award” by the Japan Institute of Plant Maintenance (JIPM), Japan.


Recent Drivers

  • On Apr 28, 2022, the company reported net sales of Rs.277.46 crores in March 2022, up 48.44% from Rs.186.92 crores in March 2021.
  • On Apr 28, 2022, the company reported a Quarterly Net Profit of Rs.30.90 crores in March 2022, up 36.75% from Rs.22.60 crores in March 2021.
  • On Apr 27, 2022, the company recommended a Dividend of Rs.3/- per equity share.
  • On Mar 29, 2022, the company reappointed Shri Abhiraj Choksey as the Managing Director of the Company for a period of 3 years.
 (Sources: Moneycontrol, BSE)


Technical Force*

  • S&P BSE SmallCap month till date gain up by 1.40%
  • Traded on new All time high 604.95
  • 3 months avg. NSE volume: 141,929
  • Quantity traded: 1, 22,434 | Deliverable Quantity: 24,793 (20.25%)
  • Stock price jumped by more than 180% from a one-year low level: 214.00 (Apr 29, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 604.95 | 52-week-low: 214.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

790.87

625.43

492.62

327.18

194.37

28.93

-

    -

Fibonacci Pivot

625.43

511.50

441.11

395.78

327.18

258.59

213.25

142.86

28.93


Today’s Close

591.25

SMA

BSE

10 DAY

500.04

20 DAY

442.27

50 DAY

387.51

200 DAY

375.35


Some Key Ratios (Source: BSE)

Market Cap: 3,065.33 Crores

PE: 27.96

OPM%: 16.86

ROE%: 24.94

Promoters holding%: 58.15

Prev. Close: 532.80


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.