Long Term Investment Prospects - Balaji Amines (Tech+Funda)
Balaji Amines is backed by a strong management team which aspires to be the largest manufacturer of every chemical they produce. With the aim, currently it is undergoing continuous capex and that is why see lower profit margins. However, with an increasing capacity, profits are still growing almost every quarter (though with lower margin!).
Notably, this time Balaji Amines beaten the margins of a profit margin master competitor Alkyl Amines as well. Balamines is facing adversity by industry sell off and not a company level performance problem. With a disciplined execution of management agenda, company seems to have passed over raw material price hikes well in time and that is why it continued enjoying stably high opm of 28% (compared to 18% of Alkyl).
Technical indicators:
1. When drawn almost a life-time Fibonacci, it seems to be hovering between 50-61.8% levels and consolidating positively
2. When drawn Fibonacci from life time high to the low of down trend, it seems to have returned twice from 38.2% and now, taking support again at around 3100 level
3. After falling to the bottom of the downtrend, stock is consolidating in bigger range, but with positive RSI divergence every time. That is an indicator of healthy accumulation in the counter
4. If it again respects the support level at around 3100-3000, then it will become a stronger psychological support zone and hence investing at these levels is most favorable risk reward level for investing
Resistances:
3230, 3390, 3450. 3740
SL: 2800
Disc.: This is not a buy recommendation. This is just for study purpose and I am not a SEBI registered advisor. I may be holding in all or any of the studies presented by me.
Notably, this time Balaji Amines beaten the margins of a profit margin master competitor Alkyl Amines as well. Balamines is facing adversity by industry sell off and not a company level performance problem. With a disciplined execution of management agenda, company seems to have passed over raw material price hikes well in time and that is why it continued enjoying stably high opm of 28% (compared to 18% of Alkyl).
Technical indicators:
1. When drawn almost a life-time Fibonacci, it seems to be hovering between 50-61.8% levels and consolidating positively
2. When drawn Fibonacci from life time high to the low of down trend, it seems to have returned twice from 38.2% and now, taking support again at around 3100 level
3. After falling to the bottom of the downtrend, stock is consolidating in bigger range, but with positive RSI divergence every time. That is an indicator of healthy accumulation in the counter
4. If it again respects the support level at around 3100-3000, then it will become a stronger psychological support zone and hence investing at these levels is most favorable risk reward level for investing
Resistances:
3230, 3390, 3450. 3740
SL: 2800
Disc.: This is not a buy recommendation. This is just for study purpose and I am not a SEBI registered advisor. I may be holding in all or any of the studies presented by me.
交易進行
Important Update Regarding New Product Manufacturing:1. It is going to manufacture chemical which is essential for manufacturing Lithium Batteries and Balaji Amines will be the sole manufacturer of the chemical in India. Currently, estimated import of the said chemical is of around 8000TPA whereas, the manufacturing capacity of the said plant of Balaji Amines will be 10,000TPA. It has a huge potential of domestic demand as well as international demand.
2. One of it's plant was under maintenance for de-bottle necking of the manufacturing process. Current capacity of the plant was 25-35%, which is now expected to be at 70% post maintenance.
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