Recommendation from Chemicals and Agro Sector

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.[EasyDNNnews:PaidContentStart]

India Glycols Ltd
CMP - ₹1,641.55
BSE CODE 500201
Volume 44,694
Face Value ₹10
Target ₹1,773 - ₹1,805
Stoploss ₹1,527 (CLS)

India Glycols Ltd is a diversified chemical company known for its eco-friendly manufacturing processes. The company offers the finest performance chemicals such as Glycols, Glycol Ethers, Acetates, BioPolymers, Natural Gums, and Potable Alcohol, which have end-use applications across various businesses and industries. It also caters to FMCG, pharmaceutical, textile, automotive, personal care, paints, packaging and agrochemical industries. Considering its financial performance, the company delivered a notable 14 per cent revenue growth, surging from ₹2,119 crore in Q3FY24 to ₹2,424 crore in Q3FY25. Net profit surged more than 17 per cent year-on-year, reaching ₹43 crore. Shares of the company have soared 17 per cent over the last three trading sessions, driven by the announcement of a Board of Directors meeting to consider upcoming Quarterly Results and a proposed dividend, reflecting investor optimism about the company's performance.Despite the recent rally, considering the stock's further upside potential, we recommend BUY.

EID Parry (India) Ltd
CMP - ₹897.50
BSE CODE 500125
Volume 9,888
Face Value ₹1
Target ₹970- ₹987
Stoploss ₹835 (CLS)

The company operates in the sweeteners and nutraceuticals segment and is headquartered in Chennai. It forms part of the prestigious Murugappa Group, one of India’s leading business conglomerates. Ranked among the leading sugar manufacturers in the country, the company manages seven advanced sugar plants strategically located across South India. These facilities collectively offer a sugarcane crushing capacity of 40,300 TCD, co-generation capacity of 140 MW, and distillery capacity of 598 KLPD.Driven by solid financial performance, the company posted a notable 12 per cent year-on-year revenue growth, rising from ₹7,770 crore in Q3FY24 to ₹8,720 crore in Q3FY25. Net profit witnessed a robust rise of around 88 per cent, reaching ₹424 crore. After experiencing a significant decline during the broader market correction and trading within a narrow range for some time, the stock has recently seen renewed buying interest. From a technical perspective, given the potential for further upside, we recommend BUY.

(Closing price as of May 13, 2025)

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