Recommendation from Speciality Chemicals and Containers & Packaging Sector
Ninad RamdasiCategories: DSIJ_Magazine_Web, DSIJMagazine_App, Hot Chips, Hot Chips, Recommendations
This section gives you some of the momentum stocks which are in buzz for past few days and are expected to give quick returns in a 15-day horizon.
This section gives you some of the momentum stocks which are in buzz for past few days and are expected to give quick returns in a 15-day horizon.
AMI ORGANICS LTD
CMP - ₹1,163.30
BSE CODE 543349
Volume 20,833
Face Value ₹10
Target ₹1,265 - ₹1,285
Stoploss ₹1,121 (CLS)
The company is a leading research and development-driven manufacturer of speciality chemicals. It produces various types of advanced pharmaceutical intermediates and Active Pharmaceutical Ingredients (API) for new chemical entities, as well as materials for agrochemicals and fine chemicals. Assessing the financial performance on a consolidated basis, it showcased a notable growth of 9.25 per cent from ₹152.36 crore in Q3FY23, reporting a total revenue of ₹166.45 crore in Q3FY24. The net profit, on the other hand, witnessed a significant decline of over 20 per cent, reaching ₹17.81 crore, compared to ₹22.28 crore in the corresponding quarter of the last year. The company recently announced that the Patent Office, Government of India, has granted process patents to the company for two of its inventions, each with a term of 20 years. Along with this, there has been a notable surge in buying interest, suggesting potential for upward movement, particularly when considering the 52-week high of ₹1,387.50 per share on the BSE. Hence, we recommend BUY.
AGI Greenpac Ltd
CMP - ₹871.15
BSE CODE 500187
Volume 9,302
Face Value ₹2
Target ₹950 - ₹970
Stoploss ₹860 (CLS)
The company is engaged in the manufacturing of a variety of packaging products and is recognised as one of the foremost manufacturers of glass containers in India. It possesses the ability to utilise a range of fuel options and cater to diverse product applications across downstream sectors. When evaluating the financial performance of the company on a standalone basis, there was a considerable revenue growth of 9.69 per cent, gaining from ₹567.30 crore in Q3FY23 to report a total revenue of ₹622.26 crore in Q3FY24. The net profit also experienced an impressive gain of over 26 per cent, reaching ₹67.12 crore, as compared to ₹53.09 crore in the corresponding quarter of the previous year. Shares have provided investors with exceptional returns, surpassing 145 per cent over the past year, and have recently seen another modest rally of around 11 per cent last month. Currently, shares are trading at a 20 per cent discount from their 52-week high of ₹1,088. Given the potential for further growth, we recommend BUY.