LXCHEM Stock has listed on NSE & BSE both exchanges.

Laxmi Organic Industries Ltd, often referred to as LXCHEM is a leading specialty chemicals manufacturer based in India. The company has a rich history dating back to its establishment in 1989 and has since grown into a renowned player in the chemical industry.

Company Background History:

LXCHEM focuses on the production of key chemicals used in various sectors, including agrochemicals, pharmaceuticals, and performance chemicals. Their product portfolio encompasses a wide range of chemicals, such as acetyl intermediates, aroma chemicals, and specialty intermediates.

With a strong emphasis on research and development, LXCHEM continually strives to innovate and develop new products. They have well-equipped R&D facilities that enable them to stay at the forefront of technology and cater to the evolving needs of their customers.

The company has built a robust manufacturing infrastructure with multiple production facilities located in India. These facilities are equipped with advanced technologies and adhere to stringent quality standards to ensure the production of high-quality chemicals.

LXCHEM places great importance on sustainability and environmental responsibility. They are committed to minimizing their ecological footprint by adopting eco-friendly manufacturing processes and implementing waste management practices.

Company Profile:

Name: Laxmi Organic Industries Ltd
Industry: Chemicals
Year Founded: 1989

Official Website: https://www.laxmi.com/

Company Services:

Laxmi Organic Industries Ltd (LXCHEM Stock) offers a range of major services in the specialty chemicals sector. Some of their key services include:

Manufacturing and Production: (LXCHEM Stock) It specializes in the manufacturing and production of various specialty chemicals used in industries such as agrochemicals, pharmaceuticals, and performance chemicals. They have expertise in producing a diverse range of chemicals, including acetyl intermediates, aroma chemicals, and specialty intermediates.

Research and Development (R&D): (LXCHEM Stock) It places a strong emphasis on research and development to drive innovation and develop new chemical compounds. They have dedicated R&D facilities where scientists and engineers work on developing novel products, improving existing formulations, and finding innovative solutions to meet customer requirements.

Custom Synthesis: (LXCHEM Stock) It offers custom synthesis services to cater to the specific needs of its customers. They work closely with clients to develop customized chemical compounds or intermediates tailored to their requirements. This service enables LXCHEM to provide personalized solutions and meet unique customer demands.

Quality Assurance and Control: (LXCHEM Stock) It maintains rigorous quality assurance and control measures to ensure the production of high-quality chemicals. They have robust quality management systems in place, including adherence to international quality standards, rigorous testing protocols, and continuous monitoring of production processes to deliver products that meet the highest quality standards.

Environmental Sustainability: (LXCHEM Stock) It is committed to sustainable practices and environmental responsibility. They prioritize eco-friendly manufacturing processes, waste management, and resource conservation. By implementing sustainable practices, LXCHEM aims to minimize its environmental impact and contribute to a greener future.

It’s important to note that the specific services offered by LXCHEM may vary based on customer requirements and market demands.

LXCHEM Stock Financial Report:

For nearly 2 years it’s going down and down. No sharp recovery sign was made to the date.

If you cross the check sale data where you can see the value of sales and expenses data is no major difference between Sept. 2021 to March 2023.

As per the Profit and Loss statement where there is not much difference in data between the said period. In March 2021 Net Profit was 127 Cr. and in March 2023 the digit was 125 Cr.

LXCHEM Stock Technical Report:

The stock chart (daily) shows some support and resistance levels from Sept 2021. 397-400 area was the first support level and at that time it was a range-bound trading area which was 400 to 500. 5 times touched at 400 area which created a major support area and 3 times resistance area that was 500. Then it failed to hold the 400 level and slid to the 280 area with 400 as a resistance area which was shown in the below-mentioned chart. From May 2022 it was a new range-bound area which was 280 to 400 which is a bigger range than the earlier. On February 2023 it failed again to hold the 280 level and slip to the 220 level which was near 20% from the last support zone.

In the below-mentioned chart, you can see the showing the major volume range.

After hitting the 220 level the LXCHEM stock showed some major volume reflection.

The weekly chart does not have much more data to see any level.

LXCHEM Stock Recommendation & its LOGIC:

In this situation, this company has a good portfolio or future in the market. The company’s market capitalization is also in a strong position and you can see that this type of company has a wide area to capture the market in future progress. 6905 crore market value is not a joke. Technically the stock has a good zone and also an accumulation zone at this stage. So, if you are trying to add LXCHEM Stock for your future investment then it will be the proper time for adding in every dip without any hesitation.

LXCHEM Stock Target:

If you think this will give you the best return then it will be the wrong answer. Now the stock is at Rs. 258. So, if you calculate the 10% then it will be at 283 area where the next resistance level is situated as I mentioned earlier. I am expecting two resistance levels to touch. The first one is 279 area and the next resistance level is 400 area. If you calculate the percentage against the current value then it will be near 55% return.

So, the 400 mark is my normal target for this stock as per technical. If you hold for 10-15 years then it will be at 4 digit figure.

Financial Disclaimer:

The information provided is for informational purposes only and should not be considered as financial advice. Investing in stocks carries risk, and past performance is not indicative of future results. Before making any investment decisions, conduct your own research and consult with a qualified financial advisor. We do not guarantee the accuracy or reliability of the information provided, and we disclaim any liability for loss or damage resulting from its use. The stock recommendations expressed are solely the author’s opinions and may change without notice. Stock recommendations should not be the sole basis for investment decisions. Invest responsibly and be prepared for potential loss.

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