Espresso Shot of the Day - Sharda Cropchem Ltd up by 6.47 percent

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Espresso Shot of the Day - Sharda Cropchem Ltd up by 6.47 percent

May 24, 2022
Espresso Shot of the Day - Sharda Cropchem Ltd up by 6.47 percent

SHARDA CROPCHEM LTD 743.10  (+6.47%) BSE – INE221J01015 | 24TH MAY 2022

https://www.myespresso.com/images/Binge-graph-image-Sharda-Cropchem-Ltd-202205241826300011207.jpg


The business was the brainchild of Mr. R. V. Bubna, a Chemical Engineer from IIT, Bombay who had a 45-year experience of working, hands on, in the chemical industry. Together with Mrs. Sharda R. Bubna, he commenced business operations through their sole proprietorship concerns, namely, M/s. Sharda International in 1987 and M/s. Bubna Enterprises in 1989, respectively. Sharda Worldwide Exports Private Limited was formed in 2004. The businesses of the Sole Proprietary Concerns consisting of manufacture and export of dyes, dye intermediates, pesticides, agrochemicals and V-Belts, were transferred to Sharda Worldwide Exports Private Limited with effect from April 1, 2004 on an "as is and where is basis". On September 6, 2013, the Company changed its name to Sharda Cropchem Private Limited and thereafter on September 18, 2013 it was converted into a public limited company with the name Sharda Cropchem Limited.


Recent Drivers

  • On May 16, 2022, the company reported Net Sales at Rs.1, 434.50 crores in March 2022, up 31.83% from Rs.1, 088.14 crores in March 2021.
  • On May 16, 2022, the company reported a Quarterly Net Profit of Rs.176.97 crores in March 2022, up 32.16% from Rs.133.91 crores in March 2021.
  • On Apr 26, 2022, the company recommended a final dividend at rate of Rs.3 per equity share
 (Sources: Moneycontrol, BSE)


Technical Force*

  • S&P BSE SmallCap month till date gain up by -9.53%
  • Traded on new All time high value 767.70
  • 3 months avg. NSE volume: 2,75,806
  • Quantity traded: 74,319 | Deliverable Quantity: 29,780 (40.07%)
  • Stock price jumped by more than 165% from a one-year low level: 287.75 (Aug 24, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 767.70 | 52-week-low: 287.75


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

531.38

459.22

406.33

334.17

281.28

209.12

156.23

    -

Fibonacci Pivot

459.22

411.45

381.94

362.93

334.17

305.41

286.40

256.89

209.12


Today’s Close

743.10

SMA

BSE

10 DAY

675.22

20 DAY

657.78

50 DAY

630.72

200 DAY

439.09


Some Key Ratios (Source: BSE)

Market Cap:  6,704.28 Crores,

PE: 23.70

OPM%: 19.88

ROE%: 16.34

Promoters holding%: 74.82

Prev. Close: 697.95


*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.