Espresso shot of the day – Himadri Speciality Chemical Ltd up by 8.95 percent

EspressoLogy

Espresso shot of the day – Himadri Speciality Chemical Ltd up by 8.95 percent

September 21, 2021
Espresso shot of the day – Himadri Speciality Chemical Ltd up by 8.95 percent

HIMADRI SPECIALITY CHEMICAL LTD 52.95 (+8.95 %) BSE – INE019C01026 | 21ST SEPTEMBER 2021


Globally, HSCL is among the few completely integrated specialty carbon companies leveraging its deep knowledge of one of the most versatile substances – carbon. Over the years, with its core products and value-added by-products, the company has established itself as one of the world's most extensive value chains in the Carbon segment. Driven by their commitment to customers' success, the company seeks to continuously develop innovative products with emphasis on R&D and focus on maximum utilization of resources. Their aspiration is to emerge as one of the leading specialty carbon chemicals conglomerates in the world on the back of an unmatched product portfolio, cutting- edge research and best-in-class technical capabilities. They are headquartered in Kolkata and have seven manufacturing facilities in India and one state-of-the-art manufacturing unit in China. The company has R&D facilities that are recognized by the Government of India, demonstrating a strong emphasis on technological innovation and research. They are continuously evolving their processes to improve their global footprint by improving energy efficiency levels and ensuring well-being of employees and nearby areas. The commitment to their stakeholders – employees, shareholders, suppliers, customers and community, is of utmost importance to them.

Recent Drivers

  • On Sept 17, 2021, Himadri Speciality Chemical received revision in credit ratings from CARE: Long-term bank facilities (Rs 112.30 crores): CARE A plus; Stable, Long-term/short-term bank facilities (Rs 1625 crores): CARE A plus; Stable/ CARE A1 plus, Commercial paper (Rs 300 crores) : CARE A1 plus.
  • On July 6, 2021, HSCL reported quarterly net profit at Rs 22.84 crores in March 2021.
  • On July 6, 2021, HSCL reported net sales at Rs 565.54 crores in March 2021.
  • On June 30, 2021, the Board recommended to the shareholders a final dividend of Rs 0.15 per share for the Financial Year 2020-21.
(Sources: Business Standard, Moneycontrol, BSEIndia)


Technical Force*

  • S&P BSE 500 month till date gain up by 2.57%
  • Spurt in volume by more than 6.4 times compares to previous volume | 3 months avg. volume: 11,37,503
  • Quantity traded: 46,05,899 | Deliverable quantity: 19,48,689 (42.31%)
  • Stock price has jumped more than 40% from one-year-low level: 37.55 (Nov 23, 2020)
  • Daily RSI (14) is near Overbought territory today
  • 52-week-high: 62.4 | 52-week-low: 37.55

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

115.97

94.93

69.37

48.33

22.77

1.73

-

    -

Fibonacci Pivot

94.93

77.13

66.13

59.05

48.33

37.62

30.53

19.53

1.73


Today’s Close

52.95

SMA

BSE

10 DAY

47.83

20 DAY

46.96

50 DAY

49.43

200 DAY

48.04


Some Key Ratios (Source: BSE)

Market Cap: 2,218.42 crores

PE: 30.85

OPM%: 7

ROE%: 4.21

Promoters holding%: 45.43

Prev. Close: 48.6

*Chart And Technical Force data taken from the Binge desktop app.

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan comtrade bears no responsibility. 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 Comtrade 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.