Kabra Extrusiontechnik Limited up by 9.82 percent | Espresso

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Espresso Shot of the Day - KABRA EXTRUSIONTECHNIK LIMITED up by 9.82 percent

December 30, 2021
 Espresso Shot of the Day - KABRA EXTRUSIONTECHNIK LIMITED up by 9.82 percent

KABRA EXTRUSIONTECHNIK LTD 461.80  (+9.82%) BSE – INE900B01029 | Dec 30, 2021

 

Kolsite Group, a leader in Plastic Extrusion Machinery in India, commenced its operations in 1962. The group is a pioneer of various technologically advanced plastic extrusion solutions. Kolsite group, one of its businesses, has 4 flagship companies dealing in different avenues like Extrusion Machinery, Master Batches, Secondary packaging, and Agency work. With over 5 decades’ experience, more than 14,300 installations, and presence in more than 91 countries in Americas, Middle East, Asia and Africa, KET enjoys a leadership position in the extrusion market.


Recent Drivers

  • Kabra Extrusion Technik board approves raising Rs.301crores for expansion of its future technologies brand Battrixx
  • Out of 300 crores, Rs.101 crores will be raised initially through the issuance of warrants to promoters and foreign investors while Rs.200 crores will be mopped up through financial institutions for the working capital
  • The company aims to reach a 2-GWh capacity
  • The Kabra Extrusion stock outperformed the market by surging 65 percent, as compared to a 5 percent decline in the S&P BSE Sensex
  • Net profit of Kabra Extrusiontechnik rose 10.81% to Rs.6.56 crores in the quarter ended September 2021
  • On Nov 9, 2021, the company reported a Quarterly Net Profit of Rs.83.10 crores in September 2021, up 6.13% from Rs.78.30 crores in September 2020.
(Sources: Business Standard, BSE, Economic Times)


Technical Force*

  • S&P BSE Smallcap month till date gain up by 4.24%
  • 3 months avg. NSE volume: 2,72,607
  • Quantity traded: 44,572 | Deliverable quantity: 22,429 (50.32%)
  • Stock price has jumped more than 390% from one-year-low level: 93.10 (Jan 27, 2021)
  • Daily RSI (14) is in Over Bought territory today
  • 52-week-high: 467.95 | 52-week-low: 93.10.
  • Also Read: Ashoka Buildcon Ltd up by 13 percent 


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

196.87

152.28

125.17

80.58

53.47

8.88

-

    -

Fibonacci Pivot

152.28

124.89

107.97

97.07

80.58

64.09

53.19

36.27

8.88


Today’s Close

461.80

SMA

BSE

10 DAY

377.80

20 DAY

353.75

50 DAY

297.06

200 DAY

228.45


Some Key Ratios (Source: BSE)

 

Market Cap: 1473.25 Crores

PE: 52.23

OPM%: 16.10

ROE%: 9.84

Promoters holding%: 59.46

Prev. Close: 420.50




Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.