Espresso Shot of the Day - Gujarat Alkalies and Chemicals Ltd up by 11.17 percent

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Espresso Shot of the Day - Gujarat Alkalies and Chemicals Ltd up by 11.17 percent

April 26, 2022
Espresso Shot of the Day - Gujarat Alkalies and Chemicals Ltd up by 11.17 percent

GUJARAT ALKALIES & CHEMICALS LTD 1028.60  (+11.17%) BSE – INE186A01019 | 26THAPRIL 2022


GACL is a forward-looking company, set up in the year 1973. 45 years is a long time. Long enough to test the character of any organization. Be it recession, inflation, increased competition or changing governments, they've lived it all. For sure, all the turbulences have made GACL a stronger and progressive company. Their stern resolve to manufacture quality chemicals and trek customer satisfaction to a new height has yielded unbelievable results. From an initial capacity of 37,425 TPA Caustic Soda, they have grown to be one of the largest producers in India, with a capacity of 4, 29,050 TPA. Spread over 2 complexes at Vadodara and Dahej. Knowing that time ahead may prop up newer hurdles, GACL has already started to diversify and expand its existing infrastructure to consolidate its supremacy in Chlor-Alkali and other integrated downstream products.


Recent Drivers

  • On Mar 24, 2022, the company appointed Shri Nitin Shukla as the Non-Executive Independent Director on the Board of Directors of the Company
  • On Mar 02, 2022, the company appointed Shri Harshadkumar Ratilal Patel, lAS as Managing Director of the Company.
  • On Feb 03, 2022, the company reported Net Sales at Rs.1, 075.05 crores in December 2021, up 65.34% from Rs.650.20 crores in December 2020.
  • On Feb 03, 2022, the company reported a Quarterly Net Profit at Rs.201.39 crore in December 2021, up 506.23% from Rs.33.22 crores in December 2020.
(Sources: Moneycontrol, BSE)


Technical Force*

  • S&P BSE 500 month till date gain up by 0.14%
  • Traded on new 52- week high 1039.90
  • 3 months avg. NSE volume: 900,779
  • Quantity traded: 2, 57,404 | Deliverable Quantity: 45,715 (17.76%)
  • Stock price jumped by more than 160% from a one-year low level: 395.90 (Jun 02, 2021)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 1039.90 | 52-week-low: 395.90


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1436.57

1141.03

895.42

599.88

354.27

58.73

-

    -

Fibonacci Pivot

1141.03

934.31

806.60

724.35

599.88

475.42

393.16

265.45

 58.73


Today’s Close

1028.60

SMA

BSE

10 DAY

935.63

20 DAY

920.50

50 DAY

787.31

200 DAY

655.38


Some Key Ratios (Source: BSE)

Market Cap: 7,553.72 Crores

PE: 20.13

OPM%: 34.32

ROE%: 6.60

Promoters holding%: 46.28

Prev. Close: 925.25


*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.