Espresso Shot of the Day - Satia Industries Ltd. up by 6.86%

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Espresso Shot of the Day - Satia Industries Ltd. up by 6.86%

November 16, 2022
Espresso Shot of the Day - Satia Industries Ltd. up by 6.86%

SATIA INDUSTRIES LTD 149.50 (+6.86%) SATIA BSE- INE170E01023| 16th November 2022

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Satia Industries Limited is one of biggest Wood and Agro based paper plants in India manufacture Paper using wood chips, veneer waste, wheat straw, sarkanda etc. The company has manifested itself as quality producer of writing/printing paper. M/s. Satia Paper Mills Ltd. was set up by Dr.Ajay Satia for manufacturing printing & writing paper at VPO: Rupana, Malout Muktsar Road, Distt: Muktsar. This was totally integrated paper mill manufacturing quality writing and printing paper from virgin pulp. The Company commenced commercial operations in August, 1984 the name was subsequently changed to Satia Industries Ltd. Over the years number of modernization-cum-expansion schemes were undertaken.

Recent Drivers

  • On October 28th 2022, Net Sales at Rs 459.28 crore in September 2022 up 145.91% from Rs. 186.77 crore in September 2021.
  • On October 28th 2022,, Quarterly Net Profit at Rs. 50.82 crore in September 2022 up 150.75% from Rs. 20.27 crore in September 2021.
  • On October 28th,2022, Satia Ind EPS has increased to Rs. 5.08 in September 2022 from Rs. 2.03 in September 2021.
  • Satia Ind shares closed at 148.95 on October 27, 2022 (NSE) and has given 12.67% returns over the last 6 months and 64.49% over the last 12 months.
  • On August 24th, IIT Roorkee, Satia Industries Limited Signs Pact To Establish Research Laboratory, Skill Development Program. This program of IIT Roorkee will help science graduates coming from rural and remote areas in the vicinity of industries.
  • On August 12th, Satia Industries announced that India Ratings & Research (IR&R) has revised the credit rating of Satia Industries to IND A/Positive for Term Loans, IND A/Positive/IND A1 for fund-based bank facilities and IND A/ Positive /IND A1 for non-fund-based bank facilities.
 (Sources: BSE, Money control, The Hindu Business line, NDTV)

Technical Force

  • S&P BSE SMALL CAP month till date gain by 0.49%.
  • 3 months avg. NSE volume: 698,272
  • Quantity traded: 76,102 | Deliverable quantity: 16,872 (22%).
  • Stock price jumped by more than 40 % from a one-year low level: 82.50 (29th November, 2022)
  • Daily RSI (14) is around overbought territory today.
  • 52-week-high: 164.35 | 52-week-low: 82.50.


Key Pivot (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

138.48

121.68

111.29

104.60

94.48

84.36

77.68

67.29

  50.48

Fibonacci Pivot

-

157.52

138.48

113.52

94.48

69.52

50.48

25.52

       -


Today’s Close

149.50

SMA

BSE

10 DAY

146.18

20 DAY

146.17

50 DAY

136.74

200 DAY

120.53


Some Key Ratios (Source: BSE)

Market Cap:  1,495 Crores

PE:  10.03

OPM%: 20.17%

ROE%:  22.29

Promoters holding%: 51.79

Prev. Close:  139.90


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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.