Connect with us

Basic Materials

Neogen Chemicals Limited (NSE: NEOGEN) breaks out, moves down 6% intraday

Neogen Chemicals Limited (NSE: NEOGEN) stock price at 1950.0, down 6% intraday. The stock has cleared its 6-month resistance trendline.

Blogger Kapil Rohilla TradeAlone

Published

on

Neogen Chemicals Limited NEOGEN breaks out

Neogen Chemicals Limited (NEOGEN) breaks out, clearing its 6-month resistance trendline today. This move follows the NSE filing where Haridas Thakarshi Kanani disclosed a substantial acquisition of shares under SEBI regulations, likely fueling the breakout. Neogen, a key player in the specialty chemicals sector, has seen its stock rise 14% above the 50-DMA, indicating a stretched but positive trend within the sector.

Technical setup — trendlines & DMA

Currently, NEOGEN is trading well above its 6-month support trendline at 1603.51, sitting 17.77% higher, and has decisively broken through the resistance at 1886.78, now 3.24% above this level. The 50-DMA at 1703.4 is above the 200-DMA at 1408.7, signaling a bullish trend. The stock is 13.52% above the 50-DMA, suggesting it is extended but still within a strong upward trajectory. Within its 52-week range of 966.7 to 2090.0, the current price is in the upper third, indicating much of the bullish sentiment is already priced in, though there remains some room for further gains.

6M Trendline — Intraday Snapshot
BREAKOUT₹1,200₹1,400₹1,600₹1,800₹2,00020 Mar23 Apr22 May18 Jun

Snapshot: 1,950.00 on 2026-06-18 (chart frozen at publication)

Fundamentals & business context

With a PE of 178.6 and profit margins at 3.3%, NEOGEN’s valuation appears stretched relative to its current earnings, though the revenue CAGR of 9.3% over five years suggests some growth potential. The market might be pricing in a turnaround or future earnings growth, given the thin profit margins. Institutional ownership stands at 24.1%, indicating a level of confidence from smart money, though not overwhelmingly high. There is no specific NSE catalyst today beyond the disclosed share acquisition, which likely contributed to the breakout.

NEOGEN
Holdings Analysis
Key strengths & risk signals
68
Overall
56
Fundamental
81
Technical
Risks (1)
Cannot calculate PEG - insufficient growth data.
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (2144.8) is above 200-day average (1627.5) - positive signal.
EXCELLENT YEAR! Stock gained 50.1% in the last year.
STRONG! Trading at 88.0% of 52W range - near yearly highs.

Algorithmic scorecard

NEOGEN’s algorithmic scorecard reflects a technically strong but fundamentally weaker profile. The breakout above resistance and bullish trend, with the 50-DMA above the 200-DMA, underscore robust technical momentum. The stock’s consistent revenue growth every year, despite declining profit margins, highlights business stability and potential for future earnings. On the weaker side, the low profit margin of 3.3% and negligible dividend yield of 0.05% pose risks, indicating thin profits and limited income generation for shareholders. These factors need careful consideration alongside the strong technical signals.

Fundamental & Technical AnalysisNSE: NEOGEN
68Overall
56Fundamental
81Technical
Growth Quality10 / 30
Revenue CAGR: 8.7% (MODERATE, 8/15). Profit CAGR: -16.8% (DECLINING, 2/15).
Profit Margin2 / 10
LOW MARGIN! 3.8% profit margin - thin profits.
PEG Valuation1 / 10
Cannot calculate PEG - insufficient growth data.
Dividend Yield3 / 10
NEGLIGIBLE DIVIDEND! 0.04% yield - little to no income.
Debt / Equity10 / 10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding20 / 20
VERY LESS PUBLIC HOLDING! 15.32% public ownership - strong promoter/institutional control.
Stability10 / 10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Moving Averages12 / 10
BULLISH TREND! 50-day average (2144.8) is above 200-day average (1627.5) - positive signal.
Price Position8 / 10
STRONG POSITION! Current price (2302.4) is above both moving averages.
Trend Pattern14 / 20
Current trend: CONSOLIDATING UP
52W Performance10 / 10
EXCELLENT YEAR! Stock gained 50.1% in the last year.
Volume Sentiment20 / 30
BULLISH SENTIMENT! In last 30 days: 18 up days, 12 down days. Avg volume on up days: 173,170 vs down days: 156,137. Ratio: 1.11x
RSI3 / 5
NEUTRAL! RSI at 59.3 - balanced momentum.
52W Range5 / 5
STRONG! Trading at 88.0% of 52W range - near yearly highs.
Momentum4 / 5
GOOD MOMENTUM! Price has grown across all timeframes - up 2.1% (1 week), 1.4% (1 month), 19.3% (3 months).
Beta / Volatility5 / 5
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.

Company outlook

Management provided forward-looking guidance indicating sequential revenue growth in the battery chemicals business, with the majority of sales expected in the second half of the year. For FY27, revenue is projected between INR 875 to INR 950 crore on a standalone basis, excluding battery chemicals revenue. The tentative target for FY28 is around INR 1,100 crore plus, with potential investments in organolithium, semiconductor, flavor fragrance, or CSM needs. By FY29, consolidated revenue is expected to range from INR 3,700 to INR 4,200 crore. Key plans include the completion of the Dahej Phase 1 project by February 2027 and Pakhajan Phase 2 by March 2027. A strategic partnership with Japan’s Morita, involving a $20 million equity contribution towards a joint venture, is expected during H1FY27. Additionally, capacity expansions and technology integrations, such as adding 500 metric tons of intermediate salt capacity at Dahej, are in the pipeline.

Get all details on NEOGEN — P&L, peers, shareholding and more on TradeAlone.

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.

Reena Bhati - Tradealone

Published

on

Excel Industries Limited Excelindus Silver Ecovadis Rating

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 sector. Here’s a quick read on where the business and the stock stand today.

EXCELINDUS
Basic Materials › Specialty Chemicals
CONSOLIDATING DOWN
44
Fundamental
58
Technical
51
Overall

1W -2.28%
1M -2.4%
3M +3.63%
P/E: 17 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

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.

Continue Reading

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.

Blogger Kapil Rohilla TradeAlone

Published

on

S H Kelkar and Company Limited SHK Chairman Death

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 sector. Here’s a quick read on where the business and the stock stand today.

SHK
Basic Materials › Specialty Chemicals
CONSOLIDATING DOWN
56
Fundamental
64
Technical
60
Overall

1W -7.97%
1M -18.77%
3M -3.61%
P/E: 20.9 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

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.

Continue Reading

Basic Materials

Solar Industries India Limited (solarinds) Expands Global Footprint with Acquisition of South Africa’s Omnia

Solar Industries India Limited (NSE: SOLARINDS) announces acquisition of South Africa’s Omnia for 12,951 crores, expanding global footprint.

jyoti sharma

Published

on

Solar Industries India Limited Solarinds Acquisition of Omnia

Solar Industries India Limited (NSE: SOLARINDS) announced today the signing of definitive agreements for the acquisition of South Africa’s Omnia Holdings Limited for approximately 12,951 crores. This strategic move marks a significant expansion of Solar Group’s global footprint. The acquisition, proposed by Solar SA Investments Proprietary Limited, a wholly owned subsidiary of Solar Industries India Limited, will see the acquisition of all outstanding shares of Omnia in an all-cash transaction.

Strategic Rationale

The acquisition is expected to create a global platform for commercial explosives and blasting solutions. Solar Group has built a strong position in the global explosives industry through innovation, reliability, manufacturing excellence, and customer-centric solutions. The transaction marks a transformational milestone in Solar Group’s ambition to become a leading global explosives and mining solutions provider.

Enhanced Capabilities and Market Reach

Omnia’s mining business, operating under the BME brand, brings significant expertise in open-cast mining, bulk explosives, electronic detonation systems, digital blasting solutions, and mining chemicals. Omnia’s agriculture segment provides a platform that promotes sustainable agriculture and food security through a customer-centric approach. The acquisition is expected to drive commercial growth and operational efficiencies through technology innovation, broader customer coverage, enhanced supply chain resilience, and greater product and service integration.

Future Growth Prospects

The transaction is anticipated to become increasingly visible from FY2028, significantly boosting Solar Group’s revenue attributable to Africa’s mining market. The expanded footprint, strengthened industrial base, and broader customer access are expected to create significant value for shareholders, customers, employees, and all stakeholders.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Solar Industries India Limited

Solar Industries India Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

SOLARINDS
Basic Materials › Specialty Chemicals
APPROACHING SUPPORT
76
Fundamental
56
Technical
66
Overall

1W -15.46%
1M -5.5%
3M +6.39%
P/E: 99.2 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Solar gains 30.0% over three months and trades near its 52-week highs. The PEG reaches 3.35. The stock trades on brand and index weight, not on growth. Revenue grows at 12.4% and profits at 30.4% CAGR. The market consistently rewards this kind of compounding. RSI hits 75, a level that signals the stock runs hot. Notably, buyers drove volume on 16 recent sessions — though at these levels, some profit-taking is normal. The business grows revenue at 12.4% and profits at 30.4%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 3.35 premium is usually justified. Check Fundamentals of Solar Industries India Limited.

Continue Reading

Trending

Exit mobile version