F&O data shows, on Friday Aarti Industries, Aurobindo Pharma and Trent saw a dip in share price alongside rise in open interest; thus implying short build-up at these counters.
Shares of Aarti Industries plunged 9.99 per cent at Rs 427.30 per share on the BSE after the company's net profit fell in its second quarter earnings for the financial year 2024-25 (Q2FY25)
Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.
The Street will thus keep an eye on the operating profit margins over the next couple of quarters
The management anticipates 20-30 per cent volume growth in FY25, although margins are expected to remain under pressure for at least next 1-2 quarters due to continued dumping from China.
Owing to the growth potential in the Indian chemical companies UBS has initiated coverage on four firms including PI Industries and Navin Fluorine International with 'Buy' ratings
The contract entails supply over a period of four years and is anticipated to generate revenue of over Rs 6,000 crore for the company
Ebitda margin slipped to 13.7 per cent (down 200bps YoY) on account of higher than expected staff cost and other expenses
Industrial chemicals and fertilisers manufacturer Deepak Fertilisers and Petrochemicals Corporation on Monday said it has signed a long-term binding contract with Aarti Industries for offtake and supply of Nitric Acid, valued at over Rs 8,000 crore. The agreement is expected to be executed before the close of this calendar year, DFPCL said in a statement adding that the supply arrangement will come into effect from April 1, 2023. The binding term sheet, signed between Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) and Aarti Industries Ltd (AIL), for a 20-year period will provide specific volume commitments with supply-or-pay, take-or-pay obligations by either companies, thereby providing adequate assurance, financial security and protecting commercial interests of both DFPCL and AIL, it added. The long-term offtake agreement will enable DFPCL to achieve market security for a significant portion of its Nitric Acid production and is expected to result in revenue of more
Both parties plan to execute the formal agreement before the close of this calendar year and the supply arrangement comes into effect from 1st April 2023.
Shareholders will get one share of Aarti Pharmalabs for every four shares they hold in Aarti Industries
According to the technical analyst from Anand Rathi, Dabur has seen some strong resurgence from its 200-DEMA in the recent period
While Aarti Industries and Sun Pharma have been consolidating in a range and awaiting a breakout, Bajaj Auto seems to have given a breakout, says the technical analyst from Religare Broking
The meeting of the company's board of directors is scheduled to be held on Tuesday, May 11, 2021 to consider, recommendation of issue of bonus shares
For Nifty, the immediate resistance zone can be seen around 14,575-14,650, where a sustainable move beyond 14,650 would negate the possibility of further correction
Analysts at Geojit Financial Services expect the company's specialty chemical margins to improve going ahead, led by better improved off-take from its discretionary portfolio
Adani Gas stock is on the verge of a major breakout from a symmetrical triangle formation on the daily chart
On June 15, 2017, the company had entered into a 10-year contract with a Global Agrochemical Major, to supply a high-value agrochemical intermediary with application into Herbicides
The management of Aarti Industries have positive view on the long-term demand for their products
Given the essential nature of production, some plants are exempted from the lockdown