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AMI Organics
Stock has come out of a 70 weeks consolidation post Q4FY23 numbers.
Company has emphasized three things:
(1) Chinese chemical industry revival has min to no bearing on them
(2) Company never benefitted from Chinese plants shutting down.
Stock has come out of a 70 weeks consolidation post Q4FY23 numbers.
Company has emphasized three things:
(1) Chinese chemical industry revival has min to no bearing on them
(2) Company never benefitted from Chinese plants shutting down.
1/n
(3) Company is global leader in its key products with China & other geographies in the second & third spot.
Electrolyte Additives:
(1) Received approval from 06 customers worldwide
(2) Received plant scale trial commercial orders of few metric tons
(3) Expecting big order
(3) Company is global leader in its key products with China & other geographies in the second & third spot.
Electrolyte Additives:
(1) Received approval from 06 customers worldwide
(2) Received plant scale trial commercial orders of few metric tons
(3) Expecting big order
2/n
(4) Two more products developed & in advanced stages of validation.
Company has successfully signed long term LOIs & contracts with their big customers.
Company will now be doing 3 advanced intermediates for Fermion which will increase their contract manyfold.
(4) Two more products developed & in advanced stages of validation.
Company has successfully signed long term LOIs & contracts with their big customers.
Company will now be doing 3 advanced intermediates for Fermion which will increase their contract manyfold.
3/n
(5) During FY23, company has developed several niche specialty chemical products, which are at different stages of validations and approvals.
(6) Company announced the acquisition of 55% stake in Baba Fine Chemicals last month, gaining entry into semiconductor industry.
(5) During FY23, company has developed several niche specialty chemical products, which are at different stages of validations and approvals.
(6) Company announced the acquisition of 55% stake in Baba Fine Chemicals last month, gaining entry into semiconductor industry.
4/n
Looking at tailwinds in FY24 as mentioned by company, we can expect possibility of stock getting rerated and retesting its previous high of 1430.30.
Further strength will be evident once the fundamental levers start playing out
Supports are till 1000-950 zone
#AmiOrganics
Looking at tailwinds in FY24 as mentioned by company, we can expect possibility of stock getting rerated and retesting its previous high of 1430.30.
Further strength will be evident once the fundamental levers start playing out
Supports are till 1000-950 zone
#AmiOrganics
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