SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Octant Industries skyrockets on bagging order for castor oil derivatives business

09 Jan 2012 Evaluate

Octant Industries is currently trading at Rs. 8.05, up by 0.70 points or 9.52% from its previous closing of Rs. 7.25 on the BSE.

The scrip opened at Rs. 7.45 and has touched a high and low of Rs. 8.50 and Rs. 7.25 respectively. So far 6577 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 28.90 on 18-Mar-2011 and a 52 week low of Rs. 5.53 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 8.50 and Rs. 6.01 respectively. The current market cap of the company is Rs. 14.64 crore.

The promoters holding in the company stood at 60.20% while Non-Institutions held 39.80%. 

Octant Industries has bagged domestic order worth Rs 1 crore and export order of Rs 2 crore for castor oil derivatives business. The company expects the future castor business to be bright in this year and as well as FY13, as the area under castor cultivation in 2011-12 rose to 8.11 lakh hectares from 5.19 lakh hectares.

In 2011-12 castor production in Gujarat and Andhra Pradesh is expected to be in the range of 1-1.1 million tones, considering the substantial increase in acreage. The company is expecting more business during the fiscal years 2012 and 2013. This will help the company to procure the raw materials at cheaper rate by booking more margins in export sales.

Octant Industries is engaged in software development, information technology enabled services, contact centre customer services and back office transaction services. Its software development services of the company include system design and architecture, product development life cycle management, database design and integration, business process automation, user interface etc.

Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×