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Espresso shot of the day – DCM Shriram Ltd up by 11.92 percent)

Espresso shot of the day – DCM Shriram Ltd up by 11.92 percent

June 22, 2021

DCM SHRIRAM LTD 838.95 (+11.92%) BSE – INE499A01024 | 22ND JUNE 2021


DCM Shriram Ltd. has manufacturing facilities of Fertiliser, Chloro Vinyl & Cement in Kota (Rajasthan) and of Chlor- Alkali in Bharuch (Gujrat). The company operates coal-based captive power, facilities - in Kota and Bharuch (Gujarat) rated at 248 MW. The Urea plant in Kota has a Production capacity of 379,000 TPA & Chlor- Alkali capacity of 4,50,000 TPA in both Kota & Bharuch. DCM Shriram Sugar factories are located in Ajbapur, Rupapur, Hariawan and Loni in Uttar Pradesh, with a combined installed capacity of 38,000 TCD (tonnes crushed of sugarcane daily) and a power- generating capacity of 147 MW. It also has added two Distilleries with a total capacity of 350 KLD Capacity. The Hybrid seed operations- ‘Bioseed’ started in Hyderabad (India) and have a global footprint with presence in South-East Asia with research facilities. Fenesta windows fabrication units are located in Bhiwadi, Mumbai, Hyderabad and Chennai. Fenesta windows fabrication units are located in Bhiwadi, Hyderabad and Chennai. All its main line locations/products have ISO 9001 & 14001 (Quality & Environment Systems) and OHSAS 18001 (Occupational Health and Safety Standards) in its facilities. DCM Shriram Ltd. has well defined processes in all its manufacturing facilities. Continuous improvements are made through global benchmarking, TQM, TPM, etc. There is a strong and proactive focus on safety, health and environment.  Some of the facilities have received international recognition such as British Safety Council Sword of Honour etc.

Recent Drivers

  • On 17th June, 2021, DCM Shriram Ltd. inform that the completion of liquidation of Shriram Bioseed (Thailand) Limited step down subsidiary has been registered with appropriate authorities in Thailand and accordingly it is dissolved.
  • On 29th May, 2021, As part of its efforts to support the fight against COVID-19, DCM Shriram Ltd. has successfully installed, commissioned & handed over two units of the Medical Oxygen Generation Plant with a capacity of 125 litres per minute (LPM) at ESIC Hospital, Ankleshwar, Gujarat.
  • On 6th May, 2021, DCM Shriram Ltd reported quarterly net profit at Rs 231.72 crores in March 2021 up 15.13% from Rs 201.27 crores in March 2020.
  • On 6th May, 2021, DCM Shriram Ltd. reported net sales at Rs 2,190.56 crores in March 2021 up 14.26% from Rs 1,917.23 crores in March 2020.
  • On 4th May, 2021, The Board of Directors has recommended final dividend of 190% i.e. Rs 3.80 per Equity Share of face value of Rs 2/- each for the financial year ended 31.3.2021
 (Sources: Economic Times, Moneycontrol, Business Standard, BSEIndia)

Technical Force*

  • S&P BSE 500 month till date gain up by 0.28%
  • Traded on all time high value of 850
  • 3 months avg. volume of NSE: 5,12,150
  • Quantity traded: 1,93,382 | Deliverable quantity: 63,350 (32.76%)
  • Stock price has jumped more than 150% from one year low level: 118.30 (Nov 06, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 850 | 52-week-low: 303

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

771.42

608.38

501.87

338.83

232.32

69.28

-

-

Fibonacci Pivot

608.38

505.42

441.80

400.83

338.83

276.84

235.87

172.25

69.28


Today’s Close

838.95

SMA

BSE

10 DAY

749.27

20 DAY

728.38

50 DAY

691.51

200 DAY

478.81

Some Key Ratios (Source: BSE)

Market Cap: 13,918.46 crores

PE: 19.75

OPM%: 18.10

ROE%: 14.12

Promoters holding%: 66.53

Prev. Close: 749.60

*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.