Archean Chemicals fundamentally strong

Oct 12, 2023

Company producing bromine and industrial salt with great fundamentals and cashflows. Chemical industry is still struggling. In recent concall, Management said global inventories are over and could expect the demand soon. They've increased the capacity as well. Management further said domestic demand is picking up. 1st target 700, 2nd target 815. Could be held for long term as well.

Disclosure: Holding

Oct 27, 2023

Trade active

Higher Low formed this week retracing till 61.8% fib level. Long lower shadow (big wick at bottom) signifies lot of buying from that level. Oct 31, Q2 results. Based on previous Q1 concal and Q2 results of top players, entire chemical industry is facing pressure. Let's see concal of Q2 to know whether domestic demand picked up.

Nov 3, 2023

Note

Company faced challenges due to de-stocking in chemical industry but domestic demand remained firm. Company expects a steady business in the coming quarters as green shoots are seen in the export market. Company is expanding its capacity in bromine derivatives and expects full utilization by FY26. I believe we could give couple of quarters. Fundamentals are very strong. Reduced debt, debt free, good profit growth in 5Y. Excellent ROE. Debtor days improved. All are positive sign. Recent index correction accompanied with downside Q2 led to this drastic fall. Since fundamentals are great, holding this long term could reward better.

Dec 21, 2023

Note

Current week volume looking great. Could expect nice breakout of 668 tomorrow. Increased allocation today.

Feb 3

Note

Stellar Q3 results. YoY is also positive on sales & net profit. Definitely an upmove can be expected.

Feb 19

Note

Ascending triangle breakout. 15min stellar volume at breakout. Daily chart volume is building.

Feb 21

Note

RSI(34) breaking out and making new high. Picking up fundamentally good stock along with ATH of RSI(34) is a great combo

Feb 23

Note

Archean Chemical Industries Ltd pays entire sale consideration to liquidator of Oren Hydrocarbons Pvt Ltd