Mangalore Chemicals & Fertilizers Achieves 52-Week High Amid Market Rally and Strong Sales Growth
Mangalore Chemicals & Fertilizers has reached a new 52-week high of Rs. 201, driven by a broader market rally. The company reported a 51.05% increase in net sales, totaling Rs. 967.66 crore, and maintains a strong operating profit to interest ratio of 6.45 times, showcasing its financial health.
Mangalore Chemicals & Fertilizers has made headlines today as its stock price reached a new 52-week high of Rs. 201, marking a significant milestone for the small-cap company in the fertilizers industry. This achievement comes amidst a broader market rally, with the Sensex climbing 425.55 points to 77,393.57.Despite a slight underperformance against its sector, which gained 3.86%, Mangalore Chemicals & Fertilizers has shown impressive metrics over the past year, boasting a remarkable 64.61% return. The company recently reported a substantial increase in net sales, reaching Rs. 967.66 crore, a growth of 51.05%. Additionally, its operating profit to interest ratio stands at a robust 6.45 times, indicating strong financial health.
The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bullish technical trend. However, investors should be aware of potential risks, including a high Debt to EBITDA ratio of 2.90 times and a significant portion of promoter shares being pledged. Overall, Mangalore Chemicals & Fertilizers continues to demonstrate resilience and strong performance in a competitive market.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
