Bodal Chemicals Ltd up by 14.91% - Traders Corners | Espresso

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Espresso shot of the day – Bodal Chemicals Ltd up by 14.91 percent

March 15, 2021
Espresso shot of the day – Bodal Chemicals Ltd up by 14.91 percent

BODAL CHEMICALS LTD 102.90 (+14.91%)  BSE – INE338D01028| 15TH MARCH 2021

Bodal Chemicals Ltd. is an Integrated and Innovative company, offering end-to-end solution to their customers globally. They are among world’s largest manufacturer and exporter of Dyes Intermediate, Dyestuff and Sulphuric Acid, with vertically and horizontally integrated who provides product solutions and service solution on fastest possible route to their customers. Bodal Chemicals Ltd. having its presence not only in India but across the Globe and serving to 50+ countries with its Innovative products and services. It is coupled with our technical know-how, & expertise in manufacturing of Dyes Intermediate & other Specialty Chemicals, their growth is propelled with the support of team members and management professionals, who work diligently to take the organisation to newer heights year-on-year. Bodal Chemicals Ltd.  has its manufacturing units across the Gujarat, where they manufacture different products. At present they have total 9 Manufacturing units in Gujarat, Ahmedabad-04, Vadodara-03 & Ankleshwar-02. Their Manufacturing units have developed products for Textile, Paper, Plastic, Leather and many other specialty chemicals.

Recent Drivers

  • Bodal Chemicals Ltd. reported quarterly net profit at Rs 26.51 crores in December 2020 up 81.19% from Rs 14.63 crores in December 2019.
  • Bodal Chemicals Ltd. reported net sales at Rs 366.15 crores in December 2020 up 12.19% from Rs 326.36 crores in December 2019.
  • EBITDA of Bodal Chemicals Ltd. stands at Rs. 4564 crores in December 2020 up 63.94% from Rs 27.84 crores in December 2019.
  • On 12th March 2021, Indian Chemical welcomed Bodal Chemicals Ltd. as their supporting partner in ICN Chemical Industry Outlook 2021 Compendium.
  • On 9th February 2021, BOARD of Bodal Chemicals Ltd. approved business transfer agreement with Mawana Sugar to acquire SIEL Chemical complex situated at Rajpura
 (Sources: MoneyControl, The Economic Times, Investing.com, Twitter)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 2.85%
  • Traded on new 52- week high 107.45
  • Touched upper circuit 107.45
  • Spurt in volume by more than 3.69 times compares to previous vol. 3 months avg qty – 1,26,308
  • Quantity traded 10,21,047 Deliverable quantity 4,76,523(46.67%)
  • Stock price has jumped more than 190% from one year low level – 34.50 24 March 2020
  • Daily RSI (14) is in overbought territory 8 periods ago, RSI central line crossed above central line 11 periods ago
  • 52 -week high – 107.45 | 52- week low- 34.50

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

154.43

121.47

100.43

67.47

46.43

13.47

-

-

Fibonacci Pivot

121.47

100.84

88.09

79.89

67.47

55.05

46.84

34.09

13.47


Today’s Close

102.90

SMA

BSE

10 DAY

90.25

20 DAY

80.34

50 DAY

77.32

200 DAY

70.50

Some Key Ratios (Source: BSE)

Market Cap: 1258.78 crores

PE: 20.47

OPM%: 20.86

ROE%: 5.56

Promoters holding : 59.02

Prev. Close: 89.55

*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.