RiderTrader

ApcoTex Industries

Long
NSE:APCOTEXIND   APCOTEX INDUSTRIES
Apcotex Industries has an operating revenue of Rs. 1,078.16 Cr. on a trailing 12-month basis.
Its manufacturing Chemical products for paper, textile etc industries.

An annual revenue growth of 76% is outstanding, Pre-tax margin of 14% is healthy, ROE of 24% is exceptional.

The company has a reasonable debt to equity of 7%, which signals a healthy balance sheet.

The stock from a technical standpoint is comfortably placed above its key moving averages, around 9% and 34% from 50DMA and 200DMA.

Box break at 679.
Above all moving averages 9,21,50 and 100 day
Taking support at 9 and 21 week.

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