IG Petrochemicals (Short Term Call)

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IG Petrochemicals


CMP :- 193
Code :- IGPL
 Market cap :- 596 Cr.
PE :- 9.73
Promotors hold :- 72.22 %
Holding for NII increased 0.02%


Company Profile :- 
I G Petrochemicals Ltd. (IGPL) is an established market leader in Phthalic Anhydride (PAN) with strong recognition and excellent plant facilities of international standards.
Equipped with one of the largest capacity at a single location, the Company has the ability to cater to local and international market.
Phthalic Anhydride (PAN) is used in industries such as flexible PVC, plastics, paints, construction, transportation and marine.
IGPL commenced production in the year 1992 with a view to become one of the leading players in the petrochemicals industry. Today, we are the largest producer of PAN in India. Our dynamic spirit to go beyond the normal realms of success and our relentless Will to be the market leader have been the   hallmarks of our pursuit of excellence.
IGPL is promoted by the Dhanuka Group in technical collaboration with Lurgi GmbH, Germany.
The plant is located at MIDC, Taloja in Raigad District, Maharashtra, India, 50 Km from Jawaharlal Nehru Port Trust (JNPT), Nhavasheva, Maharashtra , thus enabling us to provide unsurpassed customer service to versatile and diversified market since 1992.
Phthalic Anhydride (PAN) is used in manufacturing plasticizers, which are most essential in making PVC products, shoe soles, cables, pipes and hoses, leather cloth, films for packaging and other products. It is also used to manufacture alkyd resins used in paints and in the production of unsaturated polyester resins for building materials, plastic products,textile industries and printing inks.

Recommendation :-

My short term Target for IGPL will be 220 with strict stop loss of 181 
( Due to probable Indo-Pak War Situation)
Holding period :- 1 month


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