Espresso Shot of the Day - Deepak Fertilisers And Petrochemicals Co. Ltd up by 5.00 percent

EspressoLogy

Espresso Shot of the Day - Deepak Fertilisers And Petrochemicals Co. Ltd up by 5.00 percent

August 02, 2022
Espresso Shot of the Day - Deepak Fertilisers And Petrochemicals Co. Ltd up by 5.00 percent

DEEPAK FERTILISERS & PETROCHEMICALS CO. LTD  782.35   (+5.00%)  BSE –  INE501A01019 | 2nd  2022 August

https://www.myespresso.com/images/Binge-graph-image_Deepak-Fertilisers-&-Petrochemicals-Corporation-Ltd-202208021833145211253.jpg

Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) is among India’s leading producers of fertilizers and industrial chemicals. Set up in 1979 as an Ammonia manufacturer, DFPCL today is a publicly listed, multi-product Indian conglomerate with an annual turnover of over one billion USD with a product portfolio spanning industrial chemicals, bulk and speciality fertilisers, farming diagnostics and solutions, technical ammonium nitrate and value-added real estate. This includes India’s 1st & largest revolutionary concept retail destination for Home Interiors & Design. The Company has manufacturing facilities in Taloja – Maharashtra, Srikakulam – A.P., Panipat – Haryana and Dahej – Gujrat. The Company has adopted some of the global state-of-the-art technologies that enable it to manufacture and supply high-quality products that meet global standards.


Recent Driver

  • The Company reported a quarterly Net Profit of Rs. 100.73 crores in June 2022, up 117.56% from the Rs. 46.30 crores reported in June 2021 on July 29, 2022.
  • The company reported Net Sales of Rs 592.83 crores in June 2022, on July 29, 2022.
  • Shailesh C Mehta, Managing Director of Deepak Fertilisers and Petrochemicals said on July 29, 2022, that the strong demand outlook for key products coupled with a differentiated product portfolio should support business growth and profitability in the long term. Long-term growth is expected to be underpinned by change in the product mix, headroom availability of additional capacities emerging from better operational management and debottlenecking along with greenfield expansions
  • ICRA Limited has assigned the long-term rating for A+ Stable and assigned Short Term rating as A1+ to the Company on July 28,2022.
  • The company said Croptek has been launched for sugarcane, cotton and onion during the second half of FY22 with sales of 46,000 tonnesx. Also, the product reached two lakh farmers. The company saw a price premium realisation of 40-50% with this product range. There are plans to have 8-10 crop-specific fertilisers soon. It also launched crop-specific water-soluble fertigation solutions under the brand Solutek for grapes and tomato crops as a large section of farmers were shifting to horticulture.

(Sources: BSE, Business Standard, Moneycontrol, The Hindu,Financial Express)       


Technical Force*

  • S&P 500 month till date gain by 1.40%
  • 3 months avg. NSE volume: 1,393,627
  • Quantity traded: 1,22,269 | Deliverable Quantity: 88,609 (72.47%)
  • The stock price jumped by more than 120% from a one-year low level: 344 (November 23,2021)
  • Daily RSI (14) is at overbaught territory today
  • 52-week-high: 782.35 | 52-week-low: 344.00


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

872.60

682.60

527.80

337.80

183.00

-

-

-

Fibonacci Pivot

682.60

550.89

469.51

417.10

337.80

258.50

206.09

124.71

-


Today’s Close

782.35

SMA

BSE

10 DAY

690.89

20 DAY

666.86

50 DAY

643.79

200 DAY

536.81


Some Key Ratios (Source: BSE)

Market Cap: 9,434.59 crores

PE:  37.41

OPM%: 28.00

ROE%:  9.25

Promoters holding%: 47.58

Prev. Close:  745.10


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

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.