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Laxmiorganic

LXCHEM - HOPEFULLY THIS TIME IT GIVES BREAKOUTHello, Everyone. I hope you all will be doing well in your life and investing. Today I brought another stock with an investment idea that had been consolidated for a long time. Now it looks like that stock is ready to break out. CMP is 275, and 244 and 230 are strong support. Upside 281 and 310 are strong resistance. If it breaks, then no stop after that. Targets are as per Fibbo. Lets see… It's just an assumption. Please do your research. Not a suggestion of buying. I’m posting just to keep my track record. Which can boost my confidence in the future. Source: Screener.in Laxmi Organic Industries Ltd About Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited. The company’s business operations are carried in over 30 countries including 11 offices located in India Key Points Leadership Top supplier in India and amongst top 3 players globally (ex. China) in Essentials and among top 5 globally in Specialties. Product Portfolio Company offers a product portfolio, including Acetyl Intermediates, Specialty Intermediates, and soon-to-be-launched Fluorine Intermediates. It serves various industries, including Pharmaceuticals, Agrochemicals, Inks and Paints, Coatings, Printing, Packaging, Adhesives, Dyes and Pigments, Flavour and Fragrance, etc. The company has 50+ products in its portfolio. Revenue Split FY24 Essential - 35% Specialty - 67% User Industries Essentials - Pharmaceuticals, Agrochemicals, Inks & Paints, Coatings, Printings Packaging Adhesives, Fragrance & Flavour Specialties - Pharmaceuticals, Agrochemicals, Dyes & Pigments, Fragrance & Flavour, Electronics, Thermal Fluids, Paints & Coating, Flame Redundant Geographical Split FY24 India - 70% Export - 30% The Company has presence in 52+ countries with operations in Europe, China, and others reaching 620+ customers through exports in FY24. Export Split FY24 Europe - 32% Rest of Asia Pacific - 19% Africa - 8% America - 26% Middle East - 14% Industry wise split FY24 Pharma - 43% Printing & packaging - 30% Agro - 11% Colour & Pigment - 15% Manufacturing Facilities The company has 4 Manufacturing facilities, for the Acetyl Intermediates (AI), Speciality Intermediates (SI), and Fluorospeciality Intermediates (FI) businesses and 2 Distilleries for manufacturing ethanol, located in Satara and Kolhapur, Maharashtra. The Company's AI capacity exceeds 2,32,000 MTPA. 1 Mahad has 2 plants with Product Mix of Essentials – 60%, Specialties – 40%. 2 Dahej - As of FY24, the land is only 20% occupied. Proposed product mix is Specialties (65%), Essentials (35%). Production will commence in Q1FY25. 3 Lote - As of FY24, the land is only 50% occupied. It only produces Specialties (100%) The company also has third party storage tank agreements in Italy, Belgium and Netherlands. The company has offices in China, Netherlands and Italy.` Capex The company is planning to invest ~Rs. 550 crs. in Lote facility and Rs. 710 crs. in Dahej facility. Bhoomi Pujan done at Dahej site in May,24. Merger The company has proposed to merge its WOS Yellowstone Fine Chemicals Private Limited. YFCPL has been engaged in the business of manufacturing of fluoro specialty products and other chemical products. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:LXCHEMLong
by Alleyshah
LXCHEM - Rounding Bottom Formation🔊 LXCHEM - Rounding Bottom Formation LXCHEM - Laxmi Organic Industries Ltd ⌛Duration - Short Term (4 month to 8 month) 📊📈 Trade Logic - Rounding Bottom Formation CMP - ₹297.80 Time Frame - Weekly 🎯Target 1 : ₹380 🎯Target 2 : ₹425 🎯Target 3 : ₹470 🎯Target 4 : ₹540 🛑 Stop : ₹245 🏆 Risk/Reward Ratio (1: 4.5) Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:LXCHEMLong
by Profit_Trader25
2
Laxmi Organic - Bullish Divergence and Breakout from TriangleWeekly Chart Insights: Symmetrical Triangle Pattern: Over the past years, Laxmi Organic Industries Ltd has formed a symmetrical triangle. Breakout Confirmation: Recently, the price broke above the upper trendline of the triangle. Retest of Breakout: The price action is retested the breakout at the Trendline and has moved upwards now. Bullish Divergence: Time Period - 26 March to 12th May Lower Low in Price - Price went from 235.2 to 228.5 Higher Low in RSI - RSI went from 37.2 to 37.6 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NSE:LXCHEMLong
by gurinder1988
Breakout Alert! Laxmi Organic Industries Ltd Hello, traders! I’m excited to share my latest analysis of Laxmi Organic Industries Ltd. This stock is currently showing some intriguing patterns that could signal a major move. Let's dive into the details together! 🧩 Multiple Pattern Breakout 🧩 Laxmi Organic Industries Ltd. has been consolidating after a significant downtrend, forming several classic chart patterns during this phase: Triple Bottom Pattern : This bullish reversal pattern indicates that the stock has found a strong support level and is ready to move higher. The triple bottom often forms the lower boundary of a rectangle pattern. Rectangle Pattern : This continuation pattern shows that the stock has been trading within a defined range, waiting for a breakout. Descending Triangle Pattern : This bearish pattern has been invalidated, as the stock broke out to the upside with strong volumes. 💡 Key Breakout Levels 💡 Yesterday, Laxmi Organic Industries Ltd. broke out of the descending triangle pattern with good volume. Today, it has breached Triple Bottom Pattern neckline and critical zone that has acted as both support and resistance multiple times in the past. 📊 Strong Financial Performance 📊 Laxmi Organic Industries Ltd. also boasts solid financials, adding to its appeal: Net Profit Growth : There is a notable growth in net profit with increasing profit margin (QoQ). Revenue Growth : The company has shown increasing revenue every quarter for the past two quarters. Profit Growth : Profits have been increasing every quarter for the past two quarters. Institutional Confidence : FII/FPI or institutions have been increasing their shareholding in past quarter. 🚀 Trade Setup We can plan a buy trade if today's high is broken. For a safer entry, wait for tomorrow’s 1-hour candle to close above today's high before entering the trade. Here's how to manage your trade: Stop Loss (SL) : Place your SL below today’s low with a buffer. Target : Aim for at least a 1:3 risk-to-reward ratio. You can also set targets based on the patterns. This analysis is for educational purposes only and is not intended as a trading or investment recommendation, as I am not a SEBI registered Analyst. 📝 Final Thoughts Trading is a journey filled with learning and growth. Remember, patience and discipline are key to success in the markets. 📊 Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions.
NSE:LXCHEMLong
by AfnanTAjuddin
1
Will Laxmi Organic give you Laxmi in long term? Let's See...Good Morning Traders and Investors, I hope you all will be doing good, i have brought an ideas on any stock after few days. Well you all guy's are familiar with this triangular pattern as i have explained many times before in other stocks. Here we have seem same pattern in Laxmi Organics, But after giving breakout price has not moved much for upside, and price was consolidating in a range only, but now we have seen Shooting star candlestick pattern in this on downside. So I am expecting moment in this for upside in coming few weeks. Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited. The company’s business operations are carried in over 30 countries including 11 offices located in India. Market Cap ₹ 7,847 Cr. Current Price ₹ 285 High / Low ₹ 333 / 220 Stock P/E 79.7 Book Value ₹ 53.2 Dividend Yield 0.18 % ROCE 11.5 % ROE 9.18 % Face Value ₹ 2.00 Debt ₹ 406 Cr. EPS ₹ 3.71 PEG Ratio 7.68 Promoter holding 72.4 % Intrinsic Value ₹ 95.8 Pledged percentage 0.00 % EVEBITDA 34.5 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:LXCHEMLong
by TraderRahulPal
2
Possible trend breakout in LXCHEM?Stock has been consolidating from past one year after a giving a strong rally of more than 300%. On 19/04/23 stock has finally given breakout from its downtrend. Price level of 275-280 which was acting as immediate resistance for the stock has been broken. In this week, if price manages to close above this level we can expect a decent rally in coming days. All the possible targets are marked on the chart. Price level of 250-220 should act as immediate support. One can maintain stop loss at 200. About Fundamentals of the company, Laxmi Organic Industries Ltd is primarily a B2B business, currently operating in two verticals namely, Acetyl Intermediates (AI) and Specialty Intermediates (SI). The company is one of the India’s largest manufacturers and exporters of ethyl acetate, with a market share of approximately ~30%. Also, it is India’s only manufacturer of diketene derivatives, with a market share of approximately ~55%. The upcoming fluorochemicals (FI) vertical is under capitalization. This will attract more investors in coming days. This is just a view not a recommendation to trade. Do your own analysis before making any investment. Share your opinion in the comment section. NSE:LXCHEM
NSE:LXCHEMLong
by varun_devadiga
2
LAXMI ORGANIC - 77% RETURNS!!!BUY - LAXMI ORGANIC INDUSTRIES LTD CMP - Rs. 265 Target - 1: Rs. 321 Target - 2: Rs. 377 Target - 3: Rs. 469 . . Technicals - 1) Bullish Bat, Sea Pony, Anti Nen Star Harmonic Patterns. 2) Trendline Breakout . . Fundamentals - 1) Sales growth is growing at a healthy rate in the last 3 years 27.94%. 2) Net Profit is growing at a healthy rate in the last 3 years 38.96%. 3) Sales growth is good in the last 4 quarters at 24.95%. . . Follow me for more! . . This is a view by an expert analyst, please trade at your own risk.
NSE:LXCHEMLong
by nilakshgupta
Laxmi Organic Industries Limited ABOUT Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited. The company’s business operations are carried in over 30 countries including 11 offices located in India PROS Company is expected to give good quarter Company has delivered good profit growth of 29.0% CAGR over last 5 years CONS Stock is trading at 7.82 times its book value Promoter holding has decreased over last quarter: -0.39%
NSE:LXCHEMLong
by TradeWithAplus