Venus Pipes Rectangular breakout

27 août

Venus Pipes weekly MaCD breakout. Daily chart RSI breakout. Very strong fundamental stock.

11 sept.

Note

Venus Pipes under investigation by Directorate of Revenue Intelligence for alleged customs duty evasion on imported goods. While the full impact of the investigation is yet to be determined, the company has already deposited ₹5 crore as a duty under protest. Company stated that it will not have any material impact on financial operations or other activities of the company.

Hence doesn't look good at technicals, however it's at the bottom of the parallel channel. Added very few quantities.

15 nov.

Transaction en cours

Venus pipes fell hard breaking parallel channel and closed below long term trendline as well last week.

Venus Pipes & Tubes Limited reported strong Q2 & H1FY25 results with 20% y-o-y revenue growth to Rs. 229.0 crore for Q2FY25. EBITDA grew 18% y-o-y for Q2FY25, PAT up 17%.

Venus Pipes concall
1. Increase in market share
2. Strong exports growth
3. Good demand from Middle East
4. Anti dumping duty not affected
5. Inventory days 120 fixed
6. Good order book 340cr and expecting more orders
7. Recent correction in par with Mar estimation of 8 to 10% by mgmt
8. Increase in capacity utilization by Dec. 20-30KT FY25. 38.4KT-45KT FY26
9. Demand from power sector, oil and water industry
10. Capex 48cr in 1st half and 100cr in 2nd half. Estimation completion Mar 2025
11. 20-25% growth in next 3Y

15 nov.

Note

My point on why venus pipes stock price cracking last week is that this is the 1st quarter top & bottom line including operating profit & margin declined QoQ since 2021