Apcotex Industries Ltd. News and Updates

Name: Latest research reports of Apcotex Industries Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Apcotex Industries Ltd.
Rating: 5
Author: Axis Direct

Keep track of all breaking news on Apcotex Industries Ltd. from all sources in a single place.

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Apcotex Industries Ltd.

27 May 2020

334.95

2.21%

Anti-dumping duty likely on a rubber imported from China, 3 other countries

Business Standard

Apcotex Industries Ltd has alleged that dumping of the product from these countries are impacting the domestic industry

Apcotex Industries Ltd. is trading below its 100 day SMA of 340.4

Apcotex Industries Ltd.

26 May 2020

334.95

2.21%

Sell Apcotex Industries; target of Rs 80: ICICI Direct

Moneycontrol

ICICI Direct is bearish on Apcotex Industries has recommended sell rating on the stock with a target price of Rs 80 in its research report dated May 26, 2020.

Apcotex Industries Ltd. average weekly volume is high.

Apcotex Industries Ltd.

26 May 2020

334.95

2.21%

Result Update:Apcotex Industri

Buy: Apcotex Industries Ltd.

Recommendation Target

Axis Direct

For Q4FY20, Apcotex Industries delivered an in-line performance versus our estimates on Revenues/PAT front. Revenues reported a 25% de-growth impacted by 2 week lockdown that affected performance of its Latex and NBR products.

Apcotex Industries Ltd. is trading above its 50 day SMA of 320.2

Apcotex Industries Ltd.

26 May 2020

334.95

2.21%

Apcotex Industries

Sell: Apcotex Industries Ltd.

Target

ICICI Securities Limited

Apcotex registered a revenue decline of 24% YoY to | 116 crore, largely impacted by sluggish growth from NBR segment due to slowdown in the auto sector along with a fall in realisation due to passing on of benefit of lower RMAT prices. Further, fall in tyre latex along with carpet latex revenue also weighed on the overall performance. The company was struggling to maintain its historic gross margins of 30-32% in the last few quarters due to increase in NBR imports from Europe at lower prices leading the company to sell NBR at losses or breakeven level in the last few quarters. This was...

Apcotex Industries Ltd. average weekly volume is high.

Apcotex Industries Ltd.

18 Mar 2020

334.95

2.21%

Apcotex Industries

Sell: Apcotex Industries Ltd.

Recommendation Target

ICICI Securities Limited

In our midcap universe of 11 companies, we expect Tata Chemical, VA Tech Wabag, Emmbi Industries and Kanpur Plastipack to be the most impacted stocks given that all these have revenue contribution in excess of 30-35% from the said geographies. We have envisaged the impact of Coronavirus (Covid-19) on our midcap coverage universe based on the revenue contribution from both the US as...

Apcotex Industries Ltd. is trading below its 100 day SMA of 340.4

Apcotex Industries Ltd.

01 Jan 2020

334.95

2.21%

Apcotex Industries: Hit by auto slowdown, capex execution remains key

Moneycontrol

NULL

Apcotex Industries Ltd. average weekly volume is high.

Apcotex Industries Ltd.

16 Dec 2019

334.95

2.21%

39 stocks hit 52-week lows on NSE

Economic Times

Among the stocks that touched their 52-week lows were Reliance Home Finance and Apcotex.

Apcotex Industries L.. has an average target of 380.00 from 1 broker.

Apcotex Industries Ltd.

22 Nov 2019

334.95

2.21%

Result Update:Apcotex Industri

Hold: Apcotex Industries Ltd.

Recommendation Target

Axis Direct

Apcotex for Q2FY20 posted revenues of Rs. 124Cr (24% vs our estimate, 23% YoY). Despite reporting high single digit volume growth in Q2, topline was impacted owing to lower realization (sharp fall in petrochemical prices) and slow down in Automobile industry.

Apcotex Industries Ltd. average weekly volume is high.

Apcotex Industries Ltd.

02 Aug 2019

334.95

2.21%

Result Update:Apcotex Industri

Buy: Apcotex Industries Ltd.

Axis Direct

Acpotex for Q1FY20 posted revenues of Rs. 146Cr The dip in topline is despite good volume growth across board. Lower realization and slow down in domestic Auto & Construction industries also impacted revenue growth.

Apcotex Industries Ltd. average weekly volume is high.

Apcotex Industries Ltd.

30 Jul 2019

334.95

2.21%

Apcotex Industries

Hold: Apcotex Industries Ltd.

ICICI Securities Limited

New capex to provide long term visibility The management has already approved capex of around | 60 crore for nitrile latex while it has been de-bottlenecking NBR capacity by 5000-6000 MT. We expect NBR's incremental capacity to drive revenues in FY21. Nitrile latex capacity is expected to come on board within 18-24 months post environmental approval. Hence, this bodes well for growth visibility over FY23-24. We expect NBR volumes from auto to remain sluggish at least in the near term. However, the volume loss in auto segment can be recouped...