#OnCNBCTV18 | As Bhagiradha Chemicals approves a major preferential issue, CEO A Arvind Kumar says they will use the fund raise proceeds to invest in the company's subsidiary. The co expects revenue of around Rs 1,200 cr from this investment.

#bhagiradhachemicals #fundraiseplans #preferentialallotment #businessoutlook #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday   


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Will Use The Fund Raise Proceeds To Invest In Company's Subsidiary: Bhagiradha Chemicals | CNBC Tv18

Bhagiradha Chemicals & Industries consolidated net profit rises 30.61% in the December 2022 quarter

Stocks To Watch: TVS Motor Company, Bhagiradha Chemicals & Industries, Cipla, Birlasoft

With a market capitalization of ₹1,496.31 crore, Bhagiradha Chemicals & Industries Ltd. is a small-cap company that engages in the agrochemical industry.

Multibagger chemical stock announces dividend after rallying 260% in 3 years

The stock rallied 12 per cent to hit a record high of Rs 1,254.60 on Friday’s intra-day trade. That apart, the stock bounced back 70 per cent from its June 21, 2022, low of Rs 736.30.

Bhagiradha Chemicals hits record high; stock zooms 70% from June low

The Board has constituted a Committee of Directors to decide on the terms and conditions of the Issue.

Bhagiradha Chemicals & Industries board nods rights issue of equity shares up to Rs100cr

Bhagiradha Chemicals & Industries consolidated net profit rises 31.91% in the September 2021 quarter

Bhagiradha Chemicals & Industries standalone net profit rises 32.70% in the September 2021 quarter

Bhagiradha Chemicals & Industries consolidated net profit rises 194.57% in the June 2021 quarter

Bhagiradha Chemicals & Industries standalone net profit rises 195.74% in the June 2021 quarter

The current market cap of the company is Rs553.26cr.

Bhagiradha Chemicals & Industries gets Indian patent; Stock surges ~4%

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Bhagiradha Chemicals & Industries is engaged in agro chemicals business and manufactures agrochemical active constituents used as insecticides, fungicides and weedicides.