Chemplast Sanmar stock shows positive bias with strong support at ₹525-₹520 and potential to reach ₹600.

Stock to buy today: Chemplast Samnar (₹545.10): BUY

Chemplast Sanmar Ltd notched up volume of 14.01 lakh shares by 14:14 IST on NSE, a 11.82 fold spurt over two-week average daily volume of 1.19 lakh shares

Spotlight

Volumes spurt at Chemplast Sanmar Ltd counter

Rashtriya Chemicals & Fertilizers Ltd, Gravita India Ltd, Chemplast Sanmar Ltd and Anant Raj Ltd are among the other gainers in the BSE’s ‘A’ group today, 22 July 2024.

National Fertilizer Ltd leads gainers in ‘A’ group

Chemplast Sanmar Ltd. expects ₹1,000 crore revenue from CMCD division in 3 years, with new capacity and product pipeline.

Chemplast expects fourfold increase in CMCD revenue in 3 years

Chemplast Sanmar Shares: The uptick in the share price came after the company announced that its board has approved raising of funds worth up to Rs 1,000 crore

Chemplast Sanmar stock gains after board OKs fundraise of up to Rs 1,000 cr

Chemplast Sanmar said that its board will meet in 24 June 2024 to consider raising funds by way of issuance of eligible securities through various modes.

Chemplast Sanmar board to mull fund raising plan on 24 June 2024

Kirloskar Pneumatic Company Ltd, Chemplast Sanmar Ltd, KNR Constructions Ltd and Gujarat Ambuja Exports Ltd are among the other losers in the BSE’s ‘A’ group today, 18 June 2024.

Som Distilleries & Breweries Ltd leads losers in ‘A’ group

JK Paper Ltd, Chemplast Sanmar Ltd, BEML Ltd and Subex Ltd are among the other gainers in the BSE’s ‘A’ group today, 14 June 2024.

Paras Defence and Space Technologies Ltd leads gainers in ‘A’ group

ICICI Securities is bullish on Chemplast Sanmar recommended buy rating on the stock with a target price of Rs 575 in its research report dated August 13, 2023.

Buy Chemplast Sanmar; target of Rs 575: ICICI Securities

Chemplast Sanmar inaugurated the first phase of its new multi-purpose production block project, with an investment of ₹300 crore. The facility, located in Berigai, Tamil Nadu, was launched by Vijay Sankar, Chairman of Chemplast Sanmar, and is fully automated with a state-of-the-art automation system…

Chemplast commissions phase 1 of project in custom manufactured chemicals business

Revenue from operations contracted 39% to ₹350 crore

Chemplast Sanmar posts loss in Q1 due to sluggish demand

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less 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

Chemplast Sanmar Limited is engaged in the business of manufacturing of polyvinyl chloride (PVC) resins, caustic soda, chlorochemicals, refrigerant gas and industrial salt.