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Mint
4 days ago
- Business
- Mint
Stocks to trade today: Trade Brains Portal recommends two stocks for 6 June
Stock market today: Ahead of the 6 June 6 RBI MPC meeting, the broad indices began the day higher as the market expects a further 25 basis point rate drop. Over the course of the day, the Nifty 50 gained 130.7 points, or 0.53%, opening above the 20-day EMA at 24,691.20, peaking at 24,899.85, and ending at 24,750.90. The confidence was also reflected in the BSE Sensex, which opened at 81,196, surged to 81,911, and closed at 81,442.04, up 443.79 points, or 0.55%. Against this backdrop, Trade Brains Portal has recommended two stocks for 6 June—both from the fertilizer and agrochemical sector. Stocks to trade today, recommended by Trade Brains Portal for 6 June: Chambal Fertilisers & Chemicals Ltd Current price: ₹552 Target price: ₹ 680 in 12 Months Stop loss: ₹ 488 Why it's recommended: Established in 1985, Chambal Fertilizers and Chemicals Ltd accounts for around 15% of India's total urea production. As the primary fertilizer supplier in Rajasthan, Madhya Pradesh, Punjab, and Haryana, the corporation serves farmers in eleven states in the northern, eastern, central, and western parts of India. With 22,000 village-level outlets, 2,200 dealers, and 15 regional offices, it has a vast marketing network. Among Indian urea producers in the private sector, the business continues to hold the largest market share. The company currently runs three state-of-the-art urea (nitrogenous fertilizer) factories in Gadepan. In FY25, the company reported revenue at ₹16,646 crore, and PAT was ₹1,649 crore. The company achieved urea production of 3.46 million metric tonnes compared to 3.38 million metric tonnes last year, and urea sales amounted to 3.47 million metric tonnes against 3.26 million metric tonnes in the previous year. The company is concentrating on increasing its capacity for phosphoric acid from 500,000 metric tonnes to 700,000 metric tonnes by 2027. In FY26, the nitrogen, phosphorus, and potassium (NPK) portfolio is anticipated to expand 2.5 times. The joint venture (IMACID—Morocco) produced 525,000 metric tonnes and sold 435,000 metric tonnes in FY25. For the Technical Ammonium Nitrate (TAN) project, the business spent ₹300 crore in FY25 and anticipates spending ₹1,200 crore in FY26. The capacity of the TAN project is 240,000 metric tonnes, and of the ₹900 crore total expenditure for the project, ₹650 crore has already been spent in FY25, with the remaining ₹250 crore to be spent in FY26. Additionally, the business anticipates revenue in Q3/Q4 of FY26 and commercialization in January 2026. For the TAN project, the company ramps up and intends to reach 80–90% utilization. The company anticipates importing 130,000 metric tonnes of di-ammonium phosphate (DAP) and TSP during the forthcoming Kharif season. The TAN will be in line with the margins. Alliances, new product launches, and volume growth are what sustainably drive CPC-SN margins. Early stocking and competitive prices give the company confidence in Kharif. Risk Factor: The company operates under a highly regulated environment. The government is reducing subsidies without increasing prices and also tightened energy consumption norms under the new urea policy, 2015, and further expected stricter norms by the end of fiscal 2025. This is likely to impact Chambal's operations and profitability. Also Read: Can this microfinance lender lead the industry's turnaround in FY26? Gujarat State Fertilizers & Chemicals Ltd Current price: ₹212 Target price: ₹265 in 12 months Stop loss: ₹185 Why it's recommended: Incorporated in 1962 as India's first joint sector industrial complex, Gujarat State Fertilizers & Chemicals Ltd (GSFC) has developed into a major integrated producer of industrial chemicals and fertilizers, supported by a variety of product lines, robust internal research and development, and internationally recognized quality credentials under the Responsible Care and ISO frameworks. Fertilizer and industrial products are the company's two main business segments. While the industrial products category includes things like caprolactam, nylon-6, melamine, methanol, and more, the fertilizer products segment includes things like urea, ammonium sulfate, and diammonium phosphate. The company reported a revenue of ₹9,533.9 crores, growth of 4.14% in FY25 from ₹9,154.6 crores in FY24, largely driven by the fertilizer segment, reflecting improved operating efficiency and better cost absorption. With a 15.3% growth in gross sales volume, the fertilizer segment had a 7.3% year-on-year gain in sales income, from ₹6,834.62 crore in FY24 to ₹7,331.8 crore in FY25. For the fertilizer segment, the management expects an Ebitda of ₹3,000 per metric tonne in FY26. PBT increased by 7% on-year to ₹756 crore, while PAT improved by 5% on-year to ₹591 crore. Its Urea-II renovation project is already running at full capacity, and it recently commissioned a 15MW solar power facility at Charanka Patan. The Phosphoric Acid (PA) and Sulfuric Acid (SA) Project at Sikka is still on track, with SA V's commissioning expected to be finished in the first half of FY26. Regarding CAPEX, the business plans to spend approximately ₹600 crore on urea, ₹453 crore, and ₹300 crore on SA V over the course of the next six months. With the help of a positive monsoon forecast and prompt policy actions by the Department of Fertilizers, the firm is still hopeful about Q1FY26 for its fertilizer segment. The government's determination to ensure sufficient supply and stable prices prior to the Kharif season is reflected by the early announcement of updated Nutrient-Based Subsidy (NBS) rates, which include a roughly 25% increase in support for DAP (diammonium phosphate) and NPK (nitrogen, phosphorus, and potassium) fertilizers. Risk factor: In order to maintain profitability, the company must deal with regulatory obstacles and rely on government subsidies. Regulations governing fertilizers, wherein the government sets fertilizer prices and provides subsidies, have an impact on the profitability of fertilizer makers. The amount of subsidies receivable and the delays in receiving them naturally affect the fertilizer industry's liquidity. The government is cutting subsidies as raw material costs have stabilized, which causes businesses to take out more short-term loans. Also read: Russia-Ukraine war escalation: Impact on the Indian stock market Market recap for 5 June On 5 June, the Nifty 50 gained 130.7 points, or 0.53%, opening above the 20-day EMA at 24,691.20, peaking at 24,899.85, and ending at 24,750.90. The BSE Sensex, which opened at 81,196, surged to 81,911, and closed at 81,442.04, up 443.79 points, or 0.55%. With the Nifty 50 RSI at 55.14 and the BSE Sensex RSI at 54.84 (far below the overbought zone of 70), both indices moved above all four 20/50/100/200 EMAs. The Nifty Realty Index was the biggest gainer on the sectoral front, closing at 993.1, up 17.1 points, or 1.75%. The biggest winners, rising up to 6%, were real estate stocks, such as Sobha Ltd, Brigade Enterprises, Prestige Estates, DLF Ltd, and Godrej Properties Ltd. The Nifty PSU Bank Index fell the most, closing at 7,059.65 after dropping 41.2 points, or 0.58%. The index was dragged down with Bank of Baroda, Indian Overseas Bank, Bank of Maharashtra, Punjab & Sind Bank, and Canara Bank losing up to 2%. The Nifty Private Bank Index closed at 27,342.40, down 26.55 points, or 0.10%, and also closed in the red. On the global front, the Asian markets inched upward, with most of the exchanges closing on a positive note. The Kospi index rose by 1.49%, or 41.21 points, and closed at 2,812.05. This comes after its newly elected president was sworn in on Wednesday and promised to revive the country's struggling economy by lifting domestic demand. Also Read: Analysts and investors have soured on Asian Paints. Can it prove them wrong? Additionally, other Asian markets, such as the Shanghai Stock Exchange, were up by 0.23%; the Hang Seng Index rose by 1.07%, and the Shenzhen Index increased by 0.58%, whereas the Nikkei 225 Index declined by -0.51% or -192.96 points and closed at 37,554.49. On the US markets, the Dow Jones Futures gained 0.2%, or 80 points, as the major companies in the US are on the line to report quarterly earnings and the major trade deals between the US and Germany and the US and China are expected to be held this week. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
22-05-2025
- Business
- Business Standard
Deepak Fertilisers Q4 results: PAT jumps 20.7% to ₹277 cr on higher income
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Thursday posted a 20.74 per cent rise in consolidated net profit to Rs 277.66 crore for the fourth quarter of the 2024-25 fiscal on higher income. The company reported a net profit of Rs 229.96 crore a year ago, according to a regulatory filing. Its total income rose 26 per cent to Rs 2,716.99 crore during the January-March quarter of 2024-25, from Rs 2,158.56 crore in the year-ago period. The company's expenses remained higher at Rs 2,396.99 crore against Rs 1,862.20 crore. For the full 2024-25 fiscal, the company posted a two-fold jump in consolidated net profit to Rs 944.67 crore from Rs 467.56 crore in the previous year. The company said its strategic investments are on track. The overall progress in the TAN project in Gopalpur is at 75 per cent, and the same for the Nitric Acid project in Dahej is at 48 per cent. Bulk fertiliser manufactured sales volume in Q4 surged 68 per cent, driven by increased adoption of the innovative crop focus nutrient solution, it added. Despite a capex of Rs 655 crore in FY25, the company's net debt reduced to Rs 3,305 crore from Rs 3,426 crore on healthy cash generation. DFPCL Chairman and Managing Director SC Mehta said, "With an above-average monsoon forecast, we expect robust Kharif season demand for crop-specific solutions". Mining chemicals growth from FY25 is likely to continue into FY26, driven by increasing power demand and infrastructure investments. The health sector is projected to expand, supported by government and private initiatives, boosting our pharma/speciality chemicals portfolio, he added.
Business Upturn
22-05-2025
- Business
- Business Upturn
Deepak Fertilisers Q4 FY25 Results: Revenue up 28% to Rs 2,667 crore, Net profit jumps 21% YoY
By Aditya Bhagchandani Published on May 22, 2025, 15:46 IST Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) reported a strong Q4 FY25 performance, with consolidated net profit rising 21% year-on-year to ₹278 crore from ₹230 crore in the year-ago period. Revenue from operations for the quarter surged 28% YoY to ₹2,667 crore, while operating EBITDA grew 10% YoY to ₹480 crore. EBITDA margin, however, narrowed to 18% from 21% last year. On a full-year basis, revenue stood at ₹10,274 crore, up 18% YoY. The company reported an impressive 50% rise in annual EBITDA to ₹1,925 crore, while FY25 net profit more than doubled to ₹945 crore from ₹468 crore last year, marking a 102% jump. The company highlighted a strategic shift from commodity to speciality products, with the speciality business now contributing 22% to total revenue, up from 17% in FY24. The bulk fertiliser segment achieved a milestone of over 1 million MT in sales during FY25. The board has also recommended a 100% dividend. Growth capex projects remain on track, with the TAN project in Gopalpur 75% complete and the Nitric Acid project in Dahej reaching 48% completion. Despite a capex spend of ₹655 crore, the company managed to reduce net debt from ₹3,426 crore to ₹3,305 crore, improving its net debt-to-EBITDA ratio to 1.72x from 2.66x YoY. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
19-05-2025
- Business
- Business Upturn
Protean eGov hits 20% lower circuit as it exits PAN 2.0 race
By News Desk Published on May 19, 2025, 09:30 IST Shares of Protean eGov Tech Ltd hit the 20% lower circuit at ₹1,143.20 on Monday morning, falling ₹285.70 from the previous close. The stock touched its lowest level ever, as per exchange data at 9:24 AM, following news that the company is no longer in contention for the Government of India's ₹1,440 crore PAN 2.0 project. This project, aimed at overhauling PAN/TAN services nationwide, was expected to be a key future revenue stream for the company. According to brokerage firm Equirus, the development is materially negative, as PAN-related services contribute nearly 50% of Protean's revenue. Equirus estimates a 75–100% collapse in this segment's contribution over the next 2–3 years, potentially leading to a 35% decline in FY27 overall revenue. The segment had also historically generated free cash flows that funded new initiatives — a lever now under serious threat. Additional headwinds for Protean include the upcoming NPS pricing revision in FY27 and stagnant ONDC-linked retail volumes. Equirus has downgraded the stock to Sell and sharply cut its target price to ₹900 from ₹1,730. Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions. News desk at
Straits Times
08-05-2025
- Straits Times
Man allegedly linked to viral assault video charged with weapon possession
If convicted of being in possession of a weapon, a first-time offender can be jailed for up to five years and receive at least six strokes of the cane. PHOTOS: SCREENGRAB FROM KOK KEONG STEVEN TAN/FACEBOOK, SINGAPORE POLICE FORCE SINGAPORE – A man allegedly linked to a viral video showing an assault following a transaction between two men was charged on May 8 with possessing a weapon. Mohammad Amirrul Husni Zakariya, 31, is accused of having an axe in a Sengkang West Way flat between 7.45pm and 8pm on May 6. On May 8, the Singaporean was ordered to be remanded at the Central Police Division and his case will be mentioned again in court on May 15. If convicted of being in possession of a weapon, a first-time offender can be jailed for up to five years and receive at least six strokes of the cane. A repeat offender can be jailed for between two and eight years, and receive at least six strokes of the cane. In the video, a man in a yellow top is seen handing over a plastic bag with unknown content to another man in a long-sleeved T-shirt. After some money is exchanged, the man in the long-sleeved top suddenly punches the other and continues the assault until he collapses, with blood on his face. The video was then uploaded on social media, and police said that they were alerted to it on May 6. On May 7, a police spokesperson said that – together with the Central Narcotics Bureau (CNB) and the Singapore Prison Service – the authorities had identified the victim, the alleged assailant and a 35-year-old woman believed to have recorded the clip. Police and CNB officers later conducted a raid in Sengkang West Way and arrested the alleged assailant and the woman. The officers also seized more than $3,000 in cash, three mobile phones, two machetes, an axe, a baseball bat and over 450 vaping-related items. The woman was not charged in court on May 8 over the incident. Shaffiq Alkhatib is The Straits Times' court correspondent, covering mainly criminal cases heard at the State Courts. Join ST's WhatsApp Channel and get the latest news and must-reads.
