Stocks to buy: Analyst picks Dalmia Bharat, Chemplast Sanmar and one more share to buy; Check full details
Speciality chemicals company Chemplast Sanmar Ltd has reported a net loss of Rs 49 crore for the October-December 2024 quarter significantly reducing from a net loss of Rs 89 crore registered in the year ago period. The city-based company, part of the SHL Chemicals Group which is a constituent of diversified The Sanmar Group, had registered a net loss of Rs 56 crore for the April-December 2024 period, as compared to Rs 127 crore recorded in the year ago period. In a statement on Saturday, the company said the business performance improved due to better prices and margins on Paste PVC (polyvinyl chloride), improved performance of Custom Manufacturing Chemicals division (CMCD) and also due to increased volumes of Paste PVC from the new manufacturing facility in Cuddalore. "Though the performance of the PVC division was better when compared to last year, the PVC products (both Suspension and Paste) witnessed price and margin pressures due to excessive dumping in Q3 FY2024-25 amidst ...
Recently, Tata Steel experienced a significant decline, dropping nearly 22 points after forming a double top at the 180 level.
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
The new production block is designed and constructed based on best-in-class safety standards for such a facility
For the full year, revenues were lower by 16% as compared to the last year - however, sales volumes of almost all the products were higher on a Y-o-Y basis
Company estimates commercial supplies will start from the fourth quarter of 2023-24
Phase-1 of project slated to be completed by Q2 of FY24
The company's total income saw a 35 per cent increase to Rs 1,816 crore during the quarter under review, as against Rs 1,350 crore in the fourth quarter of 2020-21
On Wednesday, September 1, 2021, Chemplast Sanmar announced that it has redeemed the entire outstanding NCDs that were issued in December 2019 by the company
Out of the eight companies that debuted on bourses in August, five listed at a discount. Aptus Value Housing Finance, Chemplast Sanmar, Nuvoco Vistas, Windlas Biotech and CarTrade Tech made tepid debuts, disappointing investors who often lap up IPOs for a listing pop. According to some analysts, the listing "honeymoon" might just be over. So, what's behind the underperformance? Experts explain
The stock listed at Rs 525, a 3 per cent discount against its issue price of Rs 541 on the BSE
The BSE SmallCap index, which was down over 3 per cent at one point during the day, ended just 0.83 per cent lower.
Chemplast Sanmar IPO: Sustainability of financial performance and strong cash flow would be the key catalyst for valuation re-rating, say analysts