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OUR I.T picks

Showing Good Strength

LTTS
LTI
BIRLA SOFT
HAPPIEST MIND
TECH MAHINDRA
MINDTREE
TCS
EXPLEO SOLUTION
KPIT TECH
Whole I.T pack Running πŸƒβ€β™‚οΈ

MASTEK CANT BE LEFT BEHIND

CMP - 2480

Support @ 2400/2280

One can Add For Longterm on All Dips till support levels
Wealthcreatures.com
DEEPAK NITRITE ON RADAR SHOULD BREAK ATH VERY SOON
DEEPAK NITRITE

Days low - 2048

Now - 2117

Test Levels # 2160/2222/2250++ in August series only
SELECT MIDCAP & SMALLCAP

BUYING VISIBLE
Wealthcreatures.com
PEL ON RADAR AGAIN 2400/2600/2900++ COMING POSITIONAL
PEL

FRESH NEW 52WK HIGH & BREAKOUT

2615

1600 TO 2615 DONE TILL βœ” NOW

NEXT TEST LEVELS # 2760/2929/3000/3131/3300++
POSITIONAL
Wealthcreatures.com
BOROSIL RENEWABLE TOOK TIME TO MOVE NEW 52WK HIGH # 328 FRESH BREAKOUT TODAY NEXT TEST LEVELS # 350/375/410++ Longterm - 666/700++
Borosil Renewables Update

In FY22 will do revenues of 550cr with margins of approx 35%

Company’s capacity will increase 4x in next few years

Company Believes there is tremendous growth potential for the co & industry as well
Deepak Nitrite Concall Highlights:

πŸ”ΉNew capex of 300 Cr in Deepak Nitrite for Lifescience Chemicals with end use in pharma and agrochemicals.

πŸ”Ή New capex of 700 cr in Deepak phenolics which will be downstream and having applications in paints and coatings.
Both import substitutes.

πŸ”ΉDemands growing at very high rates in both the products they will be developing. They will domestically be No. 1 in those segments.

πŸ”ΉAlso adding platforms of Fluorination and photochlorination to their existing platforms.These will work in synergies with current platforms.

πŸ”ΉProcess intensification and Product development are the key pillars for continous margin improvement and gaining relevance globally.

πŸ”ΉLot of opportunities are coming but will invest only in those projects where we have high degree of certainty in succeeding and synergies.

πŸ”ΉFine and Specialty business margins were affected due to high freight costs as lot of exports from that division and in some contracts freight is on their end.

πŸ”ΉDASDA prices have started to normalize.
Asset turns of minimum 2x in our every project.

πŸ”ΉWe are in discussions with couple of global innovators for long term contract opportunities. Will inform when something finalizes.

πŸ”ΉThere will be fungibility in all our new projects.We will be able to make several products and they will be decided according to mkt scenario.

πŸ”ΉOur goal is to use 35% of our phenol capacity captively. There is also scope of debottlenecking for phenol.

Brownfield projects not included in current capex guidance.
IPA capex will contribute from Q3.
Will get in only those products where they can be among top 3 globally

πŸ”ΉDeepak Nitrite has the execution capability, Superb Capital allocation skills, Chemistry expertise and the Right building blocks in place to make them a Chemical Behemoth.