Espresso shot of the day – Bhansali Engineering Polymers Ltd up by 8.59 percent

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Espresso shot of the day – Bhansali Engineering Polymers Ltd up by 8.59 percent

July 26, 2021
Espresso shot of the day – Bhansali Engineering Polymers Ltd up by 8.59 percent

BHANSALI ENGINEERING POLYMERS LTD 187.10 (+8.59%) BSE – INE922A01025 | 26TH JULY 2021

Bhansali engineering polymers limited (bepl) has pioneered in manufacturing international quality acrylonitrile butadiene styrene (abs). The company is a value driven organization, aiming excellence in providing quality products and services, since its incorporation in 1984. BEPL is a company that takes pride in being the lowest cost producer of ABS in India with quality standards ‘at par’ with the Global Best. The Company has joined hands with Nippon A&L Inc. (NAL), Japan for expanding its business of Styrenics Resins and supports the sale of ABS Resins, AES Resins, ASA Resins and their alloys with other plastics in the Indian Market. The joint venture with NAL makes BEPL the single most indigenous Company in this segment. BEPL is proud to be the leading suppliers of premium polymers. Our products are created with innovation and sustainability, being the underlying principles, depicting the foundation for continuous development. Meeting expectations of its customers, BEPL is committed to customer satisfaction through timely supply of assured quality products and applications. Their customers include leading companies dealing in Automobiles, Home Appliances, Electronics, Health care & Kitchenware.

Recent Drivers

  • On 14th July, 2021, Bhansali engineering polymers Ltd reported quarterly net profit at Rs. 77.38 crore in June 2021 up 5683.25% from the loss of Rs. 1.39 crore in June 2020.
  • On 14th June, 2021, Bhansali engineering polymers Ltd reported net sales at Rs 231.91 crore in June 2021 up 133.32% from Rs. 99.40 crore in June 2020.
  • On 1st July, 2021, at the 37th Annual General Meeting of the Company Bhansali engineering polymers Ltd informed the approved resolution of the Re-appointment of Mr. Jaivardhan.
  • On 28th April, 2021, Bhansali Engineering Polymers Limited tied up with Global Hospital Research Centre (managed by Brahmakumari) for Opening Corona Care Centre in Abu Road, Rajasthan.
  • On 18th April, 2021, Board of Directors of the Company at its meeting Recommended a dividend of Re.l (100 %) per Equity Share (of the face value of Re.1 each) for the financial year ended 31st March, 2021.
(Sources: Moneycontrol, BSEIndia)


Technical Force*

  • S&P BSE Small Cap month till date gain up by 5.08%
  • Spurt in volume by more than 1.51 times compares to previous vol. 3 months avg qty – 2,20,688
  • Quantity traded: 4,33,352 | Deliverable quantity: 2,45,453 (56.64%)
  • Stock price has jumped more than 380% from one-year-low level: 117.2 (Aug 3, 2020)
  • Daily RSI (14) crossed central line one period ago
  • 52-week-high: 196.40 | 52-week-low: 39.00

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

311.38

230.07

187.93

106.62

64.48

-

-

-

Fibonacci Pivot

230.07

182.91

153.77

135.01

106.62

78.22

59.46

30.32

-


Today’s Close

187.10

SMA

BSE

10 DAY

174.94

20 DAY

177.85

50 DAY

174.53

200 DAY

143.18


Some Key Ratios (Source: BSE)

Market Cap: 3,104.09 crores

PE: 7.54

OPM%: 45.59

ROE%: 60.48

Promoters holding%: 56.45

Prev. Close: 172.30

*Chart And Technical Force data taken 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.