Ami Organics Ltd is a research and development-driven manufacturer specializing in specialty chemicals. The company produces various advanced pharmaceutical intermediates and active pharmaceutical ingredients for new chemical entities, as well as materials for agrochemicals and fine chemicals. Geographically, the majority of the company’s revenue comes from international markets.
Previous Close
1,390.65
TTM EPS
10.68
52 Week High
1,469.00
TTM PE
133.59
52 Week Low
1,004.45
P/B
8.59
Sector PE
42.50
Mkt Cap (Rs. Cr.)
5,836
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
The Cup & Handle pattern’s weekly neckline has been broken by AMI Organics.
The momentum indicator RSI (14) is in a higher low setup and is showing a weekly breakout of the Cup & Handle pattern.
The stock recovered from the weekly 10 EMA and is now above the main EMA, indicating that the market is generally optimistic.
Volumes have been above 20MA on every rise for the stock.
The overall up move is confirmed by the MACD, which is rising and above its polarity.
Incorporated in 1939 with a single paper machine, Orient Paper & Industries Ltd has evolved into a multi-product, multi-location company that goes beyond just paper. As a proud member of the esteemed C K Birla Group, one of India’s premier and dynamic business houses, Orient Paper & Industries Limited benefits from the group’s extensive experience and diverse industrial ventures. The C K Birla Group has promoted and established numerous industrial undertakings, manufacturing a wide range of products including automobiles, earthmoving equipment, engineering products, ball bearings, building materials, chemical plants, and software development. Orient Paper & Industries Ltd is also engaged in the business of paper and electrical consumer durables.
Previous Close
58.56
TTM EPS
0.29
52 Week High
62.20
TTM PE
201.38
52 Week Low
40.00
P/B
0.77
Sector PE
17.36
Mkt Cap (Rs. Cr.)
1,239
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
On a weekly basis, Orient Paper has provided a DARVAS BOX pattern breakout. The stock came out of a consolidation zone that lasted a year.
The momentum indicator, RSI (14) is displaying a weekly breakout of the Symmetrical Triangle pattern and is in a higher low setup.
The overall breakout has been confirmed by the stock’s daily and weekly trading above the main EMA.
The MACD, which is rising and above its polarity, confirms the overall advance in the stock; volumes have been above the 20MA on every climb.
Disclaimer: This document is not intended for anyone other than the recipient. The contents of this document may not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose. If you have received the publication in error please notify the sender immediately. If you are not the named addressee, you should not disseminate, distribute or copy this document. You are hereby notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. All non-authorised reproduction or use of this document will be the responsibility of the user and may lead to legal proceedings. This document has no contractual value and is not and should not be construed as advice or as an offer or the solicitation of an offer or a recommendation to take action in consonance in any jurisdiction. Finwizard Technology Private Limited (“Fisdom”) makes no guarantee, representation or warranty and accepts no responsibility or liability for the accuracy or completeness of the information and/or opinions contained in this document, including any third party information obtained from sources it believes to be reliable but which has not been independently verified. In no event will Fisdom be liable for any damages, losses or liabilities including without limitation, direct or indirect, special, incidental, consequential damages, losses or liabilities, in connection with your use of this document or your reliance on or use or inability to use the information contained in this document, even if you advise us of the possibility of such damages, losses or expenses. Fisdom does not undertake any obligation to issue any further publications or update the contents of this document. The information stated and/or opinion(s) expressed herein are expressed solely as general commentary for general information purposes only and do not constitute advice, solicitation or recommendation to act upon thereof. Fisdom does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. The information contained within this document has not been reviewed in the light of your personal circumstances. Please note that this information is neither intended to aid in decision making for legal, financial or other consulting questions, nor should it be the basis of any investment or other decisions. Fisdom may have issued other similar documents that are inconsistent with and reach different conclusion from the information presented in this document. The relevant offering documents should be read for further details. You should make such researches/inspections/inquiries as it deems necessary to arrive at an independent evaluation of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks involved. Fisdom makes no representations that the offerings mentioned in this document are available to persons of any other country or are necessarily suitable for any particular person or appropriate in accordance with their local law. Among other things, this means that the disclosures set forth in this document may not conform to rules of the regulatory bodies of any other country and investment in the offer discussed will not afford the protection offered by the local regulatory regime in any other country. Past performance contained in this document is not a reliable indicator of future performance whilst any forecasts, projections and simulations contained herein should not be relied upon as an indication of future results. The historical performance presented in this document is not indicative of and should not be construed as being indicative of or otherwise used as a proxy for future or specific investments. The relevant product documents should be read for further details. Fisdom does not undertake any obligation to issue any further publications to you or update the contents of this document and such contents are subject to changes at anytime.
More than 2 Lakh investors like you read our newsletter 'The Signal'
Subscribe now for easy to understand stock market insights in your inbox once a week
