Thread by @TechnoFunda6

Case Study 4 : #Chemcon Specialty Chemicals
CMP – 502.25 (7/6/2021)

(Must read Thread 🧵for #TA & #FA learners)

Fundamentals Sound & Technically Breakout Candidate !

#TechnoFundaInvesting

@drprashantmish6 & @Prakashplutus (views invited)

0⃣Company came out with #IPO last year and listed on 1st October at Rs. 730 against issue price of Rs. 340.

Stock crashed on listing day and then corrected all the way to 400 level.

#Chemcon #StockMarket #TechnoFunda #Investing

1⃣ Chemcon Speciality Chemicals Ltd is a manufacturer of specialized chemical products i.e. HMDS & CMIC.

Its product portfolio includes oilfield chemicals (Calcium Bromide, Sodium Bromide, and Zinc Bromide), Pharma intermediates, Silanes, & chemicals contract manufacturing work

2⃣ HMDS (Hexamethyl Disilazane) is primarily used in pharmaceuticals, it is also used in semiconductor industries & it is principally for organic synthesis.

#Chemcon #TechnoFunda #StockMarket #Investing

3⃣ CMIC (Chloromethyl Isopropyl Carbonate) is an antiviral drug intermediate product which is a key intermediate for the anti-aid and anti-hepatitis B drug which is Tenofovir.

#Chemcon #TechnoFunda #StockMarket #Investing

4⃣
Hetero Labs, Laurus Labs, Aurobindo Pharma, Lantech Pharmaceuticals, Macleods Pharma are key customers of its Pharma chemical business.

Shree Radha Overseas, Universal Drilling Fluids, Water Systems Speciality are some clients of its oilfield chemicals segment.

#Chemcon

5⃣

✅Company is only manufacturer of #HMDS in India and is third largest manufacturer of HMDS in world.

✅Company is largest manufacturers of #CMIC in India (Others include Paushak & Anshul Chemicals). Company is also second largest manufacturer of CMIC in world.

#TechnoFunda

6⃣

Company not only serves the domestic market but also export its products in overseas market such as USA, China, Japan, UAE, Serbia, Russia, Malaysia, and Azerbaijan.

#Chemcon #TechnoFunda #StockMarket #Investing

7⃣🌟Few Fundamental Positives 🌟

✅Company Market Cap – 1840.88 Cr
✅TTM EPS – 15.40
✅TTM P/E – 32.64
✅Industry Average P/E – 46.09
✅Promoter Holding Pledge – 0%
✅#ROE & #ROCE both above 40.

#Chemcon #TechnoFunda #Investing #StockMarket

8⃣Total Equity - 3.66 Cr Shares

✅Promoters Holding - 74.47%

✅Public Share Holding around 23.88% i.e., ~85.6 lakh shares out of which 20 lakh shares held by @Prakashplutus (Plutus Wealth Management Llp)

#Chemcon #TechnoFunda #Investing #StockMarket

9⃣🌟 Technical Analysis 🌟

Price crossed resistance of 500 & managed to close slightly above it.

If price sustains above it tomorrow & moves up then long positions can be initiated.

@chartmojo (Views Plz) 🙏

#TechnoFunda #TechnicalAnalysis #Investing #StockMarket #Chemcon

🔟🌟 Other Technical Triggers 🌟

✅#RSI above 70
✅MFI above 80
✅#ADX – Trending (Above 30)
✅William %R crossed -20 from below.

#TechnoFunda #TechnicalAnalysis #Investing #StockMarket #Chemcon

Disclaimer : This is not a stock recommendation on Chemcon Specialty Chemicals. Just a case study for educational purpose explaining how #TechnoFunda Investing works.

Consult your Financial Advisor before Investing !

#Chemcon #TechnoFunda #Investing #StockMarket