Basic Materials
Gujarat Fluorochemicals Limited (NSE: FLUOROCHEM) edges up 6% intraday
Gujarat Fluorochemicals Limited (NSE: FLUOROCHEM) edges up 6% intraday to ₹3897.5, nearing resistance at ₹3810 in the Specialty Chemicals sector.
Gujarat Fluorochemicals Limited (FLUOROCHEM) edged up from the support zone, gaining +6% to ₹3897.5 on the NSE today. The stock is nearing its 6M support trendline at ₹3810, with today’s price just 2.2% above it. This move is technical, with no recent NSE filing to drive it. FLUOROCHEM operates in the specialty chemicals segment within the basic materials sector, and today’s gain appears to be more company-specific rather than a sector-wide momentum.
Technical setup — trendlines & DMA
Currently, FLUOROCHEM is trading near its 6M support trendline at ₹3810, which is approximately 2.2% below today’s price. The resistance level stands at ₹4153.5, indicating that the stock still has some room to run if it can clear this hurdle. The 50-DMA is at ₹3576.2, above the 200-DMA at ₹3496.9, suggesting a bullish trend. However, the stock is currently trading above both moving averages, indicating a recovery phase rather than an extended rally. In terms of its 52W range, FLUOROCHEM is in the upper third, signaling that a significant portion of its potential move might already be priced in.
Snapshot: ₹3,897.50 on 2026-06-18 (chart frozen at publication)
Fundamentals & business context
With a PE of 70.5, FLUOROCHEM’s valuation appears stretched given its current profit margin of 11.6% and a declining revenue CAGR of -3.7%. This suggests that the market might be pricing in a potential turnaround or future growth that is not yet reflected in the current earnings. The 13.5% institutional ownership indicates a cautious approach from the smart money, possibly reflecting the mixed outlook on the company’s future performance. There was no NSE catalyst today to drive the move, making it purely technical.
Algorithmic scorecard
The overall scorecard reflects a technically strong but fundamentally weak position for FLUOROCHEM. Two of the strongest signals are the bullish trend indicated by the 50-DMA being above the 200-DMA and the very low debt levels, with a D/E ratio of 0.29, which points to excellent financial health. On the flip side, the two weakest signals are the declining revenue and profit CAGRs, which indicate a struggling top and bottom line, and the negligible dividend yield, offering little to no income to shareholders. These contrasting signals highlight the stock’s current risk-reward profile.
Company outlook
Management provided forward-looking guidance during the Q4FY26 concall, indicating commercial sales for LiPF6 salt expected for all of FY ’27 and aiming to reach a 3-digit number in revenue from the battery chemicals front by Q4 of FY ’27. The company has earmarked a substantial capex of INR 3,150 crores for FY ’27, with a significant portion allocated to the battery materials portfolio and new capacities for fluoropolymers and electronic specialty chemicals. These investments underscore the company’s strategic focus on growth areas like battery materials and semiconductor sectors, while also expanding its refrigerant gas and infrastructure capacities.
Get all details on FLUOROCHEM — P&L, peers, shareholding and more on TradeAlone.
Basic Materials
Jindal Stainless Limited (JSL) Gains NCVET Recognition for Awarding Body Status
Jindal Stainless Limited (JSL) secures recognition from NCVET as an Awarding Body, enhancing its role in developing industry-led qualifications.
Jindal Stainless Limited (JSL) has achieved a significant milestone by securing recognition from the National Council for Vocational Education and Training (NCVET) as an Awarding Body. This recognition strengthens JSL’s role in developing industry-led qualifications and building a skilled talent pipeline for the stainless steel ecosystem.
Significance of NCVET Recognition
The signing of the Memorandum of Understanding (MoU) was attended by key officials including Chairperson, NCVET and Secretary, Ministry of Skill Development and Entrepreneurship, Government of India, Ms Debashree Mukherjee. As an Awarding Body, JSL will be eligible to award, assess, and certify learners for approved qualifications where training is directly imparted through campuses or training centers owned or fully managed by the organization.
First Qualification Developed
NCVET has approved the first qualification developed by JSL – “Stainless Steel Decorative Pipe & Tube Manufacturing Operator” under Capital Goods sector at NSQF Level 4. This marks an important step in giving industry a stronger role in shaping and recognizing the capabilities that India’s stainless steel sector will need.
Future Prospects
With the NCVET recognition, JSL can build on its foundation by developing qualifications and certification programs that reflect the practical requirements of stainless steel manufacturing, processing, fabrication, and applications. This move is part of JSL’s efforts to address workforce readiness gaps among fabricators, workers, employers, and students through an industry-led approach.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Jindal Stainless Limited
Jindal Stainless Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
Jindal posts a 4.0% three-month gain, but softens in the last few weeks. Thin margins at 7.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gives back 2.6% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 6.4% and profits at 14.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Jindal Stainless Limited.
Basic Materials
Excel Industries Limited (excelindus) Achieves Silver Rating in Ecovadis Sustainability Assessment
Excel Industries Limited (EXCELINDUS) secures Silver Rating in EcoVadis Sustainability Assessment, placing among top 15% globally.
Excel Industries Limited (EXCELINDUS) has been awarded the Silver Rating in the EcoVadis Sustainability assessment, placing the company among the top 15% of businesses globally. This recognition highlights the strength of Excel’s sustainability management framework and the depth of evidence supporting its disclosures.
Sustainability Management Systems
The Silver rating recognises measurable progress across four areas: stronger sustainability management systems, deeper value chain engagement, improved environmental performance, and greater transparency in reporting. This achievement reflects the collective efforts of the Company’s employees and the continued integration of sustainability into its business practices.
Commitment to People, Planet, and Progress
Sustainability sits at the core of Excel’s operating philosophy, captured in its guiding principle of People, Planet and Progress and is embedded across its manufacturing sites, product development, and supply chain decisions. As we seek to expand our global footprint and our contract manufacturing presence, this rating will help establish us as a reliable supplier committed to sustainability, said Mr. Ravi A. Shroff, Managing Director, Excel Industries Limited.
Future Prospects
This achievement is expected to help in strengthening relations with existing customers and forging new relationships as the company seeks to expand its global footprint and presence in performance solutions and contract manufacturing.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Excel Industries Limited
Excel Industries Limited belongs to the Basic Materials › Specialty Chemicals sector. Here’s a quick read on where the business and the stock stand today.
Excel posts a 3.6% three-month gain, but softens in the last few weeks. Thin margins at 6.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue contracts at 0.1% CAGR. That signals structural headwinds, not a short-term blip. The stock gives back 2.4% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 0.1% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Excel Industries Limited.
Basic Materials
S H Kelkar and Company Limited (SHK) Mourns the Loss of Chairman Mr. Ramesh Vinayak Vaze
S H Kelkar and Company Limited (SHK) announces the passing of its Chairman, Mr. Ramesh Vinayak Vaze, who played a pivotal role in shaping SHK into India’s le.
S H Kelkar and Company Limited (SHK), the largest Indian origin Fragrance and Flavour Company in India, today announced with profound sadness the passing of its Chairman, Mr. Ramesh Vinayak Vaze, at the age of 85. Mr. Ramesh Vaze’s association with SHK spanned more than six decades. He joined the family business in 1961 and played an instrumental role in shaping its evolution from an Indian fragrance house into India’s largest India-origin fragrance and flavour company, with a significant presence across international markets.
A Pillar of the Industry
Over the years, Mr. Vaze served the Company in several leadership capacities, including as Managing Director. Since 2019, he has served as Non-Executive Chairman of the Board, continuing to guide the Company and mentor its leadership team. His emphasis on quality, innovation, and nurturing talent played an important role in shaping SHK into the institution it is today.
Visionary in Perfumery
A Master Perfumer with an exceptional understanding of fragrances, customers, and markets, Mr. Ramesh Vaze devoted much of his professional life to advancing the art and science of perfumery in India. His deep knowledge of the industry and instinctive understanding of consumer preferences played an important role in expanding SHK’s fragrance capabilities and building enduring relationships with customers in India and overseas.
As a result, SHK continues to uphold the values, humility, and legacy left behind by Mr. Vaze, guiding the company in the years ahead.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of S H Kelkar and Company Limited
S H Kelkar and Company Limited belongs to the Basic Materials › Specialty Chemicals sector. Here’s a quick read on where the business and the stock stand today.
S posts a 10.3% three-month gain, but softens in the last few weeks. The PEG stands at 5.26 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gives back 17.4% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 12.0% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of S H Kelkar and Company Limited.
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