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BODALCHEM CHEMICALS & AGRO TARGET HIT 🎯

Bodalchem Limited

Timeframe: WEEKLY CHART 📊 • Study Published: 22 May 2026, 09:53 AM
ENTRY PRICE
₹135
TARGET PRICE
₹170/195
STOPLOSS
₹N/A
Chart Levels & Structure
BODALCHEM Chart Click to Zoom
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Bodalchem Limited (BODALCHEM)
RESEARCH & ANALYSIS STUDY RATIONALE
Complete Detailed Analysis & Research Rationale

BODAL CHEMICALS

(NSE: BODALCHEM)


Business:

  • Bodal Chemicals is an integrated dyes, pigments & specialty chemicals manufacturer.
  • The company has exposure across dyes/intermediates and serves textile, leather and other industrial applications.
  • The key thesis is recovery in the chemical cycle + improving earnings.

    • Q1 FY27 Performance 🚀

  • Consolidated Revenue: ₹709 Cr | +56.1% YoY
  • PBT: ₹39.1 Cr | +212% YoY
  • PAT: ₹30.4 Cr | +218.7% YoY
  • EPS: ₹2.41 vs ₹0.76 YoY
  • Revenue also grew 20.6% QoQ, showing strong sequential recovery.

    • Key Positives 🟢

  • Strong revenue recovery
  • PAT growth substantially ahead of revenue growth
  • FY26 PAT recovered strongly, indicating improving profitability
  • Promoter holding remains strong with no promoter pledge reported
  • Chemical-sector recovery could provide further operating leverage if volumes and realisations improve.

    • What I’m Watching ⚠️

  • Margin recovery needs to sustain over the coming quarters
  • Raw-material costs remain an important variable
  • Finance costs need monitoring
  • Chemical businesses are cyclical, so sustainability of earnings growth is important
  • After the sharp price appreciation, valuation and expectations also need to be watched.

    • Growth Triggers 🚀

  • Continued recovery in dyes & specialty chemicals demand
  • Better capacity utilisation
  • Improvement in product realisations/spreads
  • Sustained improvement in EBITDA margins
  • Further quarterly earnings growth.

    • My View:

    I’m holding BODALCHEM from ₹77.


    The fundamental picture has improved considerably, especially with the sharp recovery in earnings. The key confirmation from here is sustained revenue growth + margin stability + continued PAT growth over the next few quarters.


    Technical View📊

  • Price action remains strong after the recent upmove.
  • ₹150 is the key level to watch.
  • If the stock sustains above ₹150 on a closing basis, it could trigger a stronger move towards the previous ATH zone near ₹194.
  • Until then, ₹150 remains the key hurdle/decision zone.
  • Given the sharp rally, some consolidation or volatility around this level would be normal.
  • If any meaningful dip comes, I’ll look to add more quantity at those levels, provided the fundamental and technical setup remains intact.

    • Technical Setup:

    👉 Refer to the chart for my technical levels, support/resistance zones and price action view.


    Disclaimer: Educational content only. Not investment advice. Please do your own research.

    Live Target Updates & Tracking Timeline
    145++💰🚀 02 Sep 2026, 01:29 PM
    150++💰🚀 02 Sep 2026, 02:44 PM
    155++💰🚀 Sustaining above 150 can give a quick move till 170/75. 03 Sep 2026, 09:20 AM
    170++💰🚀 First Target Hit 07 Sep 2026, 09:16 AM
    10% Upper Circuit 07 Sep 2026, 03:21 PM
    180++💰🚀 08 Sep 2026, 09:15 AM
    190++💰🚀 18 Sep 2026, 09:45 AM
    At 195 Book Full Profit or just hold 25%. If further any good dip comes will add there. 18 Sep 2026, 09:57 AM
    199++💰🚀 21 Sep 2026, 09:19 AM
    Captured very good move in this, no followup will be given from now for this stock. In future if any good dip comes I will give an alert to add there. 22 Sep 2026, 09:31 AM
    I will partially add if the price comes near 150/140. 25 Sep 2026, 03:01 PM
    Price is down 15% from the level where we bought most of our position. 09 Oct 2026, 12:08 PM
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