Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Dividend Returns

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

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Among the broad-based indices, BSE SmallCap dropped 74 points to 62,197.70 with ITDC, Religare, Finolex Industries amongst the gainers on the index.

Markets open with volatility, lose to halt 3-day gain in morning trade

CEO of Finolex Industries, Ajit Venkataraman, tells ET NOW there is limited scope for reducing PVC prices. He says the pipes and fittings sector is transitioning to the organized sector. In the agricultural sector, he sees strong demand. What his view on outlook on business diversification? To know more watch the full interview, only on ET NOW!
Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3

Subscribe Now To Our Network Channels :-
Times Now  : http://goo.gl/U9ibPb
The NewsHour Debate : http://goo.gl/LfNgFF

To Stay Updated Download the Times Now App :-
Android Google Play :  https://goo.gl/zJhWjC
Apple App Store :  https://goo.gl/d7QBQZ

Social Media Links :-
Twitter - http://goo.gl/hA0vDt
Facebook - http://goo.gl/5Lr4mC
G+ - http://goo.gl/hYxrmj
Website - www.etnownews.com

Finolex Industries: Impact Of PVC Price Fall | Ajit Venkataraman, CEO, Finolex Industries

Finolex Industries stock surged 7.49% intraday to Rs 160.8 against the previous close of Rs 149.60 on BSE. The stock was among the top gainers on BSE today

Finolex Industries shares surge 7.5% intraday, among top gainers on BSE

Investors with a long-term perspective can buy the shares of Finolex Industries (₹151.4) at current

Technical Call: Finolex Industries - BUY

YES Securities recommended reduce rating on Finolex Industries with a target price of Rs 126 in its research report dated October 25, 2022.

Reduce Finolex Industries; target of Rs 126: YES Securities

The companys India arm has acquired a 25-acre land parcel in the Pimpri-Waghere locality of the city through an agreement with Finolex Industries to transfer the long-term lease for nearly Rs 329 crore and is planning to develop the data centre on this plot.

Microsoft Corp plans hyperscale data centre in Pune, acquires 25 acres in Pimpri

Net Sales are expected to decrease by 10.9 percent Y-o-Y (down 18.9 percent Q-o-Q) to Rs. 964.4 crore, according to Yes Securities.

Finolex Industries Q2 PAT may dip 73.4% YoY to Rs. 62.1 cr: Yes Securities

Margin weakness seen in Q1FY23 is likely to intensify in Q2 for Finolex Industries, Prince Pipes and Supreme Industries, on significant inventory losses

For investors in home decor stocks, Q2 to be a forgetful quarter

We zoom in on the prospects of Reliance Industries, as also that of two other stocks — Finolex Industries and Chemcrux Enterprises

Tech Query: What is the outlook for Reliance Industries?

Stocks in news: Reliance Industries, SBI, Inox Leisure, NTPC, Tata Motors, Finolex Industries and more

Stocks in news: Reliance Industries, SBI, Tata Motors, NTPC and more

Finolex Industries Limited is a manufacturer of polyvinyl chloride (PVC) pipes and fittings, and PVC resins. The Company operates through two segments: PVC resin and PVC pipes & fittings. The Company offers its products in various categories, including agricultural pipes and fittings, plumbing and sanitation pipes and fittings, and solvent cement, primer and lubricant. The Company offers its products in various sizes, pressure classes and diameters. Its products include agricultural pipes and fittings, casing pipes, column pipes, sewerage pipes, soil, waste and rainwater (SWR) pipes and fittings, American society for testing and materials (ASTM) pipes and fittings, chlorinated polyvinyl chloride (CPVC) pipes, and solvent cement for pipes and fittings. The Company has manufacturing facilities in the states of Maharashtra and Gujarat.

Finolex Industries Ltd

Finolex Industries Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Markets open with volatility, lose to halt 3-day gain in morning trade

News Video

Finolex Industries: Impact Of PVC Price Fall | Ajit Venkataraman, CEO, Finolex Industries

Finolex Industries shares surge 7.5% intraday, among top gainers on BSE

Technical Call: Finolex Industries - BUY

Reduce Finolex Industries; target of Rs 126: YES Securities

Microsoft Corp plans hyperscale data centre in Pune, acquires 25 acres in Pimpri

Microsoft Corp plans hyperscale data centre in Pune, acquires 25 acres in Pimpri

Finolex Industries Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Markets open with volatility, lose to halt 3-day gain in morning trade

News Video

Finolex Industries: Impact Of PVC Price Fall | Ajit Venkataraman, CEO, Finolex Industries

Finolex Industries shares surge 7.5% intraday, among top gainers on BSE

Technical Call: Finolex Industries - BUY

Reduce Finolex Industries; target of Rs 126: YES Securities

Microsoft Corp plans hyperscale data centre in Pune, acquires 25 acres in Pimpri

Microsoft Corp plans hyperscale data centre in Pune, acquires 25 acres in Pimpri

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock