Espresso shot of the day – Tamilnadu Petroproducts Ltd up by 8.05 percent

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Espresso shot of the day – Tamilnadu Petroproducts Ltd up by 8.05 percent

July 23, 2021
Espresso shot of the day – Tamilnadu Petroproducts Ltd up by 8.05 percent

TAMILNADU PETROPRODUCTS LTD 134.15 (+8.05%) BSE – INE148A01019 | 23RD JULY 2021


Tamilnadu Petroproducts Limited (TPL) was born in the year 1984 with the objective of setting up a world-class Linear Alkyl Benzene (LAB) manufacturing facility. TPL grew in strength by thinking differently, laying down a fundamental platform for financial strength and responding to customer requirements with innovative products and services. The company’s strong emphasis on continuous upgradation of technology to match the state-of-the-art has been the prime reason for its success in realizing its full potential and its confident march into the competitive future. TPL’s excellent track record and its achievements in a short timeframe stand out distinctly, propelled by continuous upgradation of technology, nurturing talent and focusing on utmost customer satisfaction.

Recent Drivers

  • On July 22, 2021, AM Foundation inaugurated two Primary Health Care Centres (PHCCs) around the plant sites of its group entities Tamilnadu Petroproducts Limited (TPL) and Manali Petrochemicals Limited (MPL) in Chennai.
  • On June 28, 2021, Tamilnadu Petroproducts Ltd. more than doubled its profit after tax (PAT) at Rs 122 crores for the year ended Mar 31, 2021, compared with a PAT of Rs 55 crores in FY20.
  • On June 28, 2021, Tamilnadu Petroproducts Ltd. reported revenue at Rs 1,155 crores for the year ended Mar 31, 2021.
  • On June 28, 2021, at a Board meeting, the Board has recommended a dividend of Rs 2.5 per equity share of Rs 10 each fully paid-up, for the year 2020-21, subject to approval of the Members at the ensuing Annual General Meeting (AGM).
  • On May 18, 2021, the company announced that CARE Ratings has assigned (CARE A-) rating for Long Term Bank facilities of Rs 120 crored for term funding. In addition to the above, CARE has also reaffirmed the previous ratings for Long Term/Short Term working capital limits of Rs 119 crored.
(Sources: Business Standard, BSEIndia, The Hindu Business Line, News Today)


Technical Force*

  • S&P BSE Small Cap month till date gain up by 4.73%
  • Traded on all-time-high value of 136
  • Spurt in volume by more than 4.49 times compared to previous vol. 3 months avg qty – 2,09,067
  • Quantity traded: 4,24,676 | Deliverable quantity: 2,72,357 (64.13%)
  • Stock price has jumped more than 300% from one-year-low level: 33.15 (Sept 24, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 136 | 52-week-low: 33.15

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

83.77

65.88

54.32

36.43

24.87

6.98

-

-

Fibonacci Pivot

65.88

54.63

47.68

43.21

36.43

29.66

25.18

18.23

6.98


Today’s Close

134.15

SMA

BSE

10 DAY

121.52

20 DAY

120.32

50 DAY

109.21

200 DAY

62.45


Some Key Ratios (Source: BSE)

Market Cap: 1,206.97 crores

PE: 9.92

OPM%: 28.27

ROE%: 21.78

Promoters holding%: 34.54

Prev. Close: 124.15

*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.