I G Petrochemicals Ltd
I G Petrochemicals Ltd (IGPL) is an established market leader in Phthalic Anhydride (PAN) with strong recognition and excellent plant facilities of international standards.Phthalic Anhydride (PAN) is used in industries such as flexible PVC, plastics, paints, construction, transportation, and marine.
Equipped with one of the largest capacity at a single location, the Company has the ability to cater to the local and international market.IGPL is promoted by the Dhanuka Group in technical collaboration with Lurgi GmbH, Germany.
Key Competitive Advantages are
One of the lowest-cost producer of PAN
Strategic Plant Location
Strong Clientele across industries
Consistent high capacity utilization
Better recovery processes
Fundamentals of I G Petrochemicals:
The company has good consistent profit growth of 35.45% over 5 years. At PE of 13.75 and PEG of 0.39 stock looks lucrative among competitors.
Technicals of I G Petrochemicals:
The stock price is in a secular bull run and showing an uptrend. After making 52 weeks high of Rs.347, stock corrected towards Rs.188. Taking support exactly at the longer-term trend line, resumed upward journey and currently trading near round number 300. Also in Daily and Weekly chart stock has decisively closed above channel resistance.
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As per SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014 and clarifications provided by SEBI “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations.”
Disclaimer: I do not hold any position in IGPL.