India Pesticides Ltd #IPL
CMP : ₹.404.85/-
Date: 04-02-2024
India Pesticides Ltd is a R&D focussed agrochemical technical company which has growing formulations business in herbicide, inceticide and fungicide segments and also manufacturers of API s. As food is predicted to be new gold and agritech is the changing future of farming, ipl has a great chance to become one of the goldmine in future.A zero promoter pledge company with almost nil debt and promoter holdings above 60%. Profit margin and revenue seems increasing for the last two quarters. Stock is near its 52 week with significant volumes. The stock has already its 1.5 year long resistance trend line accompanied by strong volumes and also retested and confirmed the breakout. Now tending to break the resistance line of it's almost 1year long parallel channel. Strong volume spikes are supporting for the expected breakout. If breakout happened, then a 100% hike can be expected from the current level as the coming years are for exploring the gold from agritec sector.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
