LXCHEM (Laxmi Organics) REVERSINGLXCHEM is reversing after a long consolidation phase and as per Weekly time frame targets are as followed:- 300-325-350-400-450-500-600-630.
Next report date
Report period
Q4 2023
EPS estimate
—
Revenue estimate
7.23 BINR
3.75INR
1.25 BINR
27.93 BINR
76.01 M
About LAXMI ORGANIC INDUS LTD
Sector
CEO
Rajan Venkatesh
Headquarters
Mumbai
Website
Employees (FY)
1.48 K
Founded
1989
ISIN
INE576O01020
FIGI
BBG00ZKVSHF7
Laxmi Organic Industries Ltd. engages in the manufacture of acetyl and specialty intermediates. It offers ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents; and f ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides, and other chemicals. The company was founded on May 15, 1989 and is headquartered in Mumbai, India.
Looking for LongLXCHEM is looking for long after forming reversal formation & has double bottom within it expecting target to reach at 627 for longterm.
Laxmi organics respecting 225 levelsLaxmi organic in descending triangle formation continue to respect 225 support zone. Breakout zone above 274 that will open for targets of 321/348 and long term 471
Laxmi organicsConsolidating since long time now breakout above levels of 320 may put stock in momentum.stock is under correction since a very long time now. 220 is a major support
Laxmi Organic Industries LtdIt is in the business of specialty chemicals.
Fundamentals:-
Debt is less than reserves.
Dividend giving stock.
ROCE & ROE ok.
Promoters holding is Good & No promoters pledged.
Technical:-
Demand Zone is marked as Green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoplo
LXCHEM reversing from supportLXCHEM price is touched support and reversing to bullish
resistance trend line is near by , so do quick target at resistance line
support below will be SL.
quick swing trade.
Laxmi Organics, CMP 282, Target 400, Turnaround in ChemicalsThe stock has seen good consolidation and making higher lows in Daily timeframe. Good volume based accumulation seen. Will pick up momentum above 320.
Laxmi Chemicals - Symbol: LXCHEM
Bullish above 300. Keep on radar. Buy only after high of 29th December 2023 is broken. Long term Bullish. Will post you the development.
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Laxmi Organics: Trading near breakout zoneChemical sector is doing well from couple of week. Laxmi Organics is also looking good on weekly time frame. Keep on radar for breakout.
LXCHEM - Bullish Consolidation with VolumesNSE: LXCHEM is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which
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Frequently Asked Questions
The current price of LXCHEM is 253.05 INR — it has increased by 1.02% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange LAXMI ORGANIC INDUSTRIES LIMIT stocks are traded under the ticker LXCHEM.
LAXMI ORGANIC INDUSTRIES LIMIT is going to release the next earnings report on May 29, 2024. Keep track of upcoming events with our Earnings Calendar.
LXCHEM stock is 2.24% volatile and has beta coefficient of 1.21. Check out the list of the most volatile stocks — is LAXMI ORGANIC INDUSTRIES LIMIT there?
LAXMI ORGANIC INDUSTRIES LIMIT revenue for the last quarter amounts to 6.52 B INR despite the estimated figure of 6.69 B INR. In the next quarter revenue is expected to reach 6.70 B INR.
Yes, you can track LAXMI ORGANIC INDUSTRIES LIMIT financials in yearly and quarterly reports right on TradingView.
LXCHEM stock has risen by 3.71% compared to the previous week, the month change is a 6.75% rise, over the last year LAXMI ORGANIC INDUSTRIES LIMIT has showed a 6.21% decrease.
LXCHEM net income for the last quarter is 271.89 M INR, while the quarter before that showed 107.13 M INR of net income which accounts for 153.79% change. Track more LAXMI ORGANIC INDUSTRIES LIMIT financial stats to get the full picture.
Today LAXMI ORGANIC INDUSTRIES LIMIT has the market capitalization of 69.08 B, it has decreased by 0.40% over the last week.
Yes, LXCHEM dividends are paid annually. The last dividend per share was 0.50 INR. As of today, Dividend Yield (TTM)% is 0.20%. Tracking LAXMI ORGANIC INDUSTRIES LIMIT dividends might help you take more informed decisions.
LAXMI ORGANIC INDUSTRIES LIMIT dividend yield was 0.22% in 2022, and payout ratio reached 10.64%. The year before the numbers were 0.18% and 7.17% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, LXCHEM shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade LAXMI ORGANIC INDUSTRIES LIMIT stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 26, 2024, the company has 1.48 K employees. See our rating of the largest employees — is LAXMI ORGANIC INDUSTRIES LIMIT on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So LAXMI ORGANIC INDUSTRIES LIMIT technincal analysis shows the buy rating today, and its 1 week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating LAXMI ORGANIC INDUSTRIES LIMIT stock shows the sell signal. See more of LAXMI ORGANIC INDUSTRIES LIMIT technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on LAXMI ORGANIC INDUSTRIES LIMIT future price: according to them, LXCHEM price has a max estimate of 272.00 INR and a min estimate of 168.00 INR. Read a more detailed LAXMI ORGANIC INDUSTRIES LIMIT forecast: see what analysts think of LAXMI ORGANIC INDUSTRIES LIMIT and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. LAXMI ORGANIC INDUSTRIES LIMIT EBITDA is 2.29 B INR, and current EBITDA margin is 9.16%. See more stats in LAXMI ORGANIC INDUSTRIES LIMIT financial statements.