Espresso Shot of the Day – Gujarat Fluorochemicals Ltd up by 12.49 percent

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Espresso Shot of the Day – Gujarat Fluorochemicals Ltd up by 12.49 percent

December 02, 2021
Espresso Shot of the Day – Gujarat Fluorochemicals Ltd up by 12.49 percent

Gujarat Fluorochemicals Ltd. 2316.60  (+12.49%) BSE – INE09N301011 | 2ND DECEMBER 2021


An ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and SA 8000:2014 certified organisation, GFL is a leading producer of Fluoropolymers, Fluorospecialities, Refrigerants and Chemicals for applications in varied industries. GFL derives its strength from expertise in Fluorine Chemistry, vertical integration from natural minerals to Fluoropolymers and strong R&D, enabling it to provide one of the best quality products meeting all regulatory compliances, to their clientele globally. The facility has multipurpose plants, a state-of-the-art R&D facility and a Pilot plant for scale-up. Starting with the REFRON brand of refrigerants, they expanded into fluorospeciality chemicals, exporting to over 75 countries. The year 1989 marked commencement of Company’s commercial operations with India’s largest Refrigerant manufacturing unit at Ranjitnagar, Gujarat, India. The site was further expanded to produce Fluorospeciality products catering to the growing demands in global agriculture and pharmaceutical industry. Foraying into new avenues in 2007, with one of the world’s most integrated facilities at Dahej, Gujarat, India, GFL now has a diverse portfolio of Fluroropolymers comprising PTFE, PFA, FEP, FKM, PVDF and Fluoropolymer Additives.

Recent Drivers

  • On Nov 10, 2021, Net profit of Gujarat Fluorochemicals rose 162.02% to Rs 207.15 crores in the quarter ended September 2021 as against Rs 79.06 crores during the previous quarter ended September 2020.
  • On Nov 10, 2021, the company reported 56.16% growth in sales to Rs 964.01 crores in the quarter ended September 2021 as against Rs 617.31 crores during the previous quarter ended September 2020
  • On Nov 10, 2021, the company’s EPS has increased to Rs. 18.66 in September 2021 from Rs. 7.21 in September 2020
  • On Nov 10, 2021, Gujarat Fluorochemicals rose following the group’s statement that the family has amicably decided to divide its businesses among the promoters.
 (Sources: Business Standard, Economic Times, MoneyControl)


Technical Force*

  • S&P BSE 500 month till date gain up by 2.19%
  • Traded on 52 Week High Value 2388.45
  • 3 months avg. NSE volume: 154,699
  • Quantity traded: 84,057 | Deliverable quantity: 53,225 (63.32%)
  • Stock price has jumped more than 350% from one-year-low level: 525.00 (Feb 22, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 2388.45 | 52-week-low: 525.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1126.28

874.87

721.83

470.42

317.38

65.97

-

    -

Fibonacci Pivot

874.87

720.37

624.92

563.44

470.42

377.39

315.92

220.47

65.97


Today’s Close

2316.60

SMA

BSE

10 DAY

2074.09

20 DAY

2048.19

50 DAY

1973.44

200 DAY

1299.76


Some Key Ratios (Source: BSE)

Market Cap: 25,447.85 crores

PE: -1194.17

OPM%: 35.05

ROE%: -0.56

Promoters holding%: 67.65

Prev. Close:2059.40


*Chart and Technical Force data from the Binge desktop app
References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

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.