Technical View: 1. Very Quality stock, and it has broken out from negative trendline with long green body candle and high volume. 2. RSI Crossover on daily basis
Fundamental View: 1. First Indian company to be granted the license to manufacture Insecticide Diron, similar to Japan (Data from screener) 2. Operating profit margin tripled from 2% in FY2020 to 6% in FY 2021. However, OPM in H1FY22 is at 10.5% now. Consistent Sharp rise in OPM is very good sign 3. 9 Crores of Net Profit in H1FY2021 increased to 51 Crores in H1FY2022, i.e., 5.5 times in YOY Basis 4. Interest to Net Profit is 0.10 5. ROCE is increasing sharply
Recommendation: Buy for long, until fundamental shows deterioration
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