FUN-TECH Analysis of Andhra Petrochemicals- CMP - 120 Rs
Company Basic Information - The Andhra Petrochemicals Limited is engaged in the manufacturing of oxo-alcohols like 2 Ethyl Hexanol and Butanols. Its products have applications in plasticizers, stabilizers, solvents, acrylates and finishing compounds for ink etc.
Sector – Materials
Industry – Chemical
Market Cap – 1026 Crore
Technical Views
· 1. Made a high of 197.90 7 Retested .
· 2. Retraced around 50-60% from the top and made low of 110.
· 3. FIIs have increased their stake in first quarter and booked some profit too
Fundamental Views
· 1. Q-Q sales are increasing.
· 2. Quarterly PAT has surpassed the Last Year PAT
· 3. Improved return on Equity
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