APAR Industries Ltd up by 9.86%: Traders Market Update | Espresso

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Espresso Shot of the Day - APAR Industries Ltd up by 9.86 percent

July 25, 2022
Espresso Shot of the Day - APAR Industries Ltd up by 9.86 percent

APAR INDUSTRIES LTD 1076.65  (+9.86%)  BSE –  INE372A01015 | 25th July 2022

https://www.myespresso.com/images/Binge-graph-image_APAR-Industries-Ltd-202207251838336666829.jpg

APAR Industries was started in 1958, in India. Over 60 years later, the company has grown into a diversified billion-dollar company and has expanded to over 125 countries as a highly trusted manufacturer and supplier of conductors, a wide variety of cables, speciality oils, polymers and lubricants. At APAR, we have been able to excel at what we do because of who we are: relentless innovators constantly pushing ourselves to discover, perfect and deliver tomorrow’s solutions today. APAR is gearing up to tackle the biggest challenges of the 21st century, including fair global business practices and sustainability. We believe that with an innovation-first mindset, solutions that make anything possible can be found.


Recent Drivers

  • On May 27th 2022,  the company reported a Profit after tax at Rs 83 crores, up by 73 % on a year-on-year basis.
  • On May 27th 2022, the company reported the highest-ever quarterly revenue, up 58% year on year (YoY) at Rs 3,018 crores, driven by strong volume growth across segments.
  • Apar Industries Ltd has re-appointed Mr. Kushal N. Desai as the Managing Director and Chief Executive Officer (CEO) and Mr. Chaitanya N. Desai as Managing Director of the Company on May 27,2022.
  • APAR Industries Limited (the Company) has entered into an Endorsement Agreement with Mr Sonu Sood, an Artist and renowned film Actor for the endorsement of the Company's Cable and Wire Products as Brand Ambassador on April 7,2022.
  • Company recommended Dividend @ Rs. 15/- (150%) per equity share of Rs. 10/- each fully paid for the financial year 2021-22. This shall be paid subject to the approval by the members at the ensuing Annual General Meeting of the Company.


Technical Force*

  • S&P BSE Small Cap month till date gain by 7.88%
  • 3 months avg. NSE volume: 353,545
  • Quantity traded: 46,135 | Deliverable Quantity: 11,427 (24.77%)
  • The stock price jumped by more than 90% from a one-year low level: 558.60 (May 11th,2022)
  • Daily RSI (14) is at oversold territory today
  • 52-week-high: 1090.00 | 52-week-low: 558.60


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1464.50

1152.25

966.30

654.05

468.10

155.85

-

-

Fibonacci Pivot

1152.25

961.94

844.36

768.64

654.05

539.46

463.74

346.16

155.85


Today’s Close

1076.65

SMA

BSE

10 DAY

750.39

20 DAY

632.49

50 DAY

546.31

200 DAY

354.09


Some Key Ratios (Source: BSE)

Market Cap: 4,120.19 Crores

PE:  17.64

OPM%: 6.02

ROE%:  14.74

Promoters holding%: 60.64

Prev. Close:  980.05


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data 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.