Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><div><div><div><ul><li>4QFY22 earnings performance: Key products like ATBS, IBB and Butyl Phenol delivered strong volume-led growth for VO in 4QFY22.</li></ul><div><div><div><div><ul><li>Update on new growth drivers: Management has already announced further expansion of the Butyl Phenol capacity through a brownfield expansion (~14KTPA incremental capacity, capex of Rs1.5bn), which will be largely be used captively for AOs.</li></ul><div><div><div><div><ul><li>Demand as well as pricing for AOs has increased and hence after considering additional lube additives, management expects peak revenue of Rs7bn from AOs.</li></ul></div></div></div></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

4QFY22 earnings performance: Key products like ATBS, IBB and Butyl Phenol delivered strong volume-led growth for VO in 4QFY22.Update on new growth drivers: Management has already announced further expansion of the Butyl Phenol capacity through a brownfield expansion (~14KTPA incremental capacity, capex of Rs1.5bn), which will be largely be used captively for AOs.Demand as well as pricing for AOs has increased and hence after considering additional lube additives, management expects peak revenue of Rs7bn from AOs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

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