Rossari Biotech Limited up by 7.66%: Market Update By Espresso

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Espresso shot of the day – Rossari Biotech Ltd up by 7.66 percent

July 19, 2021
Espresso shot of the day – Rossari Biotech Ltd up by 7.66 percent

ROSSARI BIOTECH LTD 1257.90 (+7.66%) BSE – INE02A801020 | 19TH JULY 2021


Rossari Biotech Ltd. is among India’s leading textile and specialty chemical manufacturers, based on sales of fiscal 2019 with over a decade of history of innovative, agile and rapid growth. It provides customized solutions to industrial and production requirements of its customers through its diversified product portfolio. Building on their expertise from textiles, it has successfully diversified into the animal health and nutrition, home, personal care and performance chemicals markets.

Recent Drivers

  • On July 18, 2021, Rossari Biotech Ltd. announced the acquisition of Tristar Intermediates at an enterprise value of Rs 120 crores. A joint statement said, “The board of the company has approved the acquisition of Tristar Intermediates, a move which will help Rossari Biotech expand its product portfolio, primarily in the personal care segment.”
  • On July 17, 2021, the Board of Director of the Company at its Meeting has approved the allotment of 1,13,150 equity shares of Rs 2 each fully paid to the grantees on exercise of the options granted to them pursuant to ESOP 2019.
  • On July 17, 2021, Rossari Biotech Ltd. executed a share purchase agreement with Fairplum Private Limited for the purchase of 1,50,000 equity shares amounting to 30% of the total equity share capital of Rossari Personal Care Products Private Limited and share purchase agreement with VSTAR Family Trust for the purchase of 50,000 equity shares amounting to 10% of the total equity share capital of Rossari Personal Care Products Private Limited.
  • Rossari Biotech Ltd. posted a 37% increase in its revenues from operations during the quarter ended March at Rs 218 crores as against Rs 160 crores in the year-ago period.
  • Profit after tax of the company jumped by 47% to Rs 22 crores in Q4 FY21 from Rs 15 crores in Q4 FY20.
(Sources: Business Standard, Moneycontrol, BSEIndia)


Technical Force*

  • S&P BSE ALLCAP month till date gain up by 1.10%
  • 3 months avg. volume of NSE: 2,02,002
  • Quantity traded: 1,03,324 | Deliverable quantity: 46,873 (45.37%)
  • Stock price has jumped more than 85% from one-year low level: 663.55 (July 23, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 1,347.60 | 52-week-low: 663.55

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1439.80

1229.40

1084.35

873.95

728.90

518.50

373.45

-

Fibonacci Pivot

1229.40

1093.62

1009.73

955.70

873.95

792.20

738.17

654.28

518.50


Today’s Close

1257.90

SMA

BSE

10 DAY

1183.47

20 DAY

1195.35

50 DAY

1222.54

200 DAY

995.37


Some Key Ratios (Source: BSE)

Market Cap: 6911.08 crores

PE: 87.37

OPM%: 18.34

ROE%: 19.56

Promoters holding%: 68.70

Prev. Close: 1168.35

*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.