Nabors Industries Share Price Today NBR Stock Price Quote

The https://1investing.in/ slightly improved as the automotive sector slowly recovered and sales improved from the previous quarter. The supplies of NBR in the Asia Pacific region remained balanced during Q1 2021, as an outcome of unplanned shutdowns of major plants in China amid Chinese Lunar New Year, however contemplated by the addition of new facilities in China. With the overall construction and automotive sector restoring with economic upturn, backed by higher crude oil price stimulated the Chinese NBR market to register sharp rises. While the prices could not trace back to pre-pandemic levels, Ex-Works Nanjing prices of Nitrile Butadiene Rubber in China were assessed around USD 2300/ton in February. You can easily buy the stocks/shares of Rishiroop Ltd through either a broker or a financial institution by opening a Demat & Trading account online via smallcase.

Nitrile rubber sheet with a durometer of 65 shore A (+/-5) offers good resistance to oil. ✅ If you’re new to investing in the stock market, and/or are unsure about your investment options, you can explore smallcases. Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more. We have revised our estimates on several fronts given our investment rationale on the company. Consequently, we have revised our TP to Rs 400 from Rs 490 earlier, valuing the company at 18x FY24E EPS of Rs 22.1.

Apcotex registered a revenue decline of 24% YoY to | 116 crore, largely impacted by sluggish growth from NBR segment due to slowdown in the auto sector along with a fall in realisation due to passing on of benefit of lower RMAT prices. Further, fall in tyre latex along with carpet latex revenue also weighed on the overall performance. The company was struggling to maintain its historic gross margins of 30-32% in the last few quarters due to increase in NBR imports from Europe at lower prices leading the company to sell NBR at losses or breakeven level in the last few quarters.

Nitrile Butadiene Rubber, commonly called as Nitrile Rubber is an oil resistant synthetic rubber fabricated from the copolymerization of Acrylonitrile and Butadiene. The percentage of Acrylonitrile present in NBR varies from 15 to 50 per cent. Increasing content of Acrylonitrile leads to higher strength, greater oil resistance, and lower permeability to gases. This rubber is mostly used where high resistance to oil, fuel and other chemicals is required.

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Revenue for the quarter came in at $769.34 million versus the consensus estimate of… The Rishiroop Group was founded by the late Chairman, M.K.Kapoor, who’s ethics and singular focus on relationships with customers and supplier, still guide the businesses. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

It’s important to check the NSE/BSE holidays calendar, before placing any trades to avoid any inconvenience. The third quarter Nitrile Butadiene Rubber prices remained high due to tight supply with better buying appetite from domestic as well as Asian buyers. Further increase was seen in the contract prices because of the increased upstream values. Maintenance shutdowns, unplanned issues kept the NBR supply snug throughout the quarter. Closure of Lanxess AG’s NBR unit in Q2, supported the high pricing of the product during the third quarter.

Furthermore, under the Peers section, you can find stocks that are similar to Rishiroop Ltd , and their live stock price and performance at a glance. Basic details and information on financial performance of leading global players in the Nitrile Butadiene Rubber market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more. The supplies in the US were snug during the first quarter of 2021, owning to the impacts from the unprecedented freeze fallout in Texas and nearby gulf region in the US. Furthermore, it is anticipated that market remained stressed till next quarter.

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When it comes to USA, the types of nationalisms were increasing continuously due to the progression in feedstock prices. Canada had seen increase in prices due to enhanced feedstock and import costs. In Mexico, the prices were increasing in this quarter, owing to growing feedstocks costs.

• Despite multiple COVID-19 waves hitting plant operations, logistics and both domestic and global demand, we grew our adjusted PATby 27% YoY tot 171 crore, and return on equity for FY21 was up 106 bps YoY to 12.5%, driven by 42% reduction in finance cost.
• However, towards the end of Q1, the financial sector worries amidst the failure of Signature and Silicon Valley Bank has constrained the downstream demand, weakening the market growth of Nitrile Butadiene Rubber.
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• As a result, the pressure on the supply side has increased, lowering NBR quotations for end-use industries.

Current board members & directors are NIRMALA DEVI DUGAR, BIMAL DUGAR, KUSH RAJENDRA LOUNGANI and RAJENDRA HOTCHAND LOUNGANI . Company’s authorized capital stands at Rs 100.0 lakhs and has 1.0% paid-up capital which is Rs 1.0 lakhs. NBR Mines AND Minerals Private Limited last annual general meet happened on 30 Sep, 2017. The company last updated its financials on 31 Mar, 2017 as per Ministry of Corporate Affairs . Ex-Location – These are the prices of traders/suppliers/distributors for domestic trade purposes. Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Nitrile Butadiene Rubber market.

Nabors Industries Ltd.

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The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Yes, you can purchase fractional shares of Nabors Industries Ltd or any other US company shares in Angel One for any dollar amount. Yes, Indian Investors can invest in the Nabors Industries Ltd Share by opening an international trading account with Angel One. If you are investing from India, you can always check the valuation in the INR before investing.

Its range of latexes are used for paper and paperboard coating, carpet backing, tire cord dipping, construction, gloves examination, surgical and industrial use, among others. Its product range is used, among other applications, for tire cord dipping, concrete modification/water proofing, paint emulsions, textile finishing and hand gloves, among others. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

What is ‘Today’s High & Low’ share prices of Apcotex Industries Limite on the NSE?

NBR offtakes surged from the downstream tire industries to meet growing demand from the recovering automotive sector. NBR priced in the European market remained firm buoyed by the limited feedstock availability and high demand. European automotive sector remained sluggish throughout the quarter owing to stagnancy in production levels of automotive vehicles.

In the Asia-Pacific region, the price dynamics of Nitrile Butadiene Rubber have remained volatile. The plummeting crude oil values have prompted negative pressure on the manufacturing costs of NBR in the key exporting country, South Korea. The imports from the regional markets have remained general amid global economic challenges. In the mid of September 2022, A key market player, Kumho Petrochemical, announced a significant investment initiative (approx. €5.5 billion) to boost NBR production in the domestic region.

Furthermore, the positive development in the automotive sector has accelerated the demand dynamics of NBR toward the end of the third quarter. Consequently, NBR 41%-66% FOB Busan prices were settled at USD 2520 on September 30. At the start of the third quarter of 2022, Nitrile Butadiene Rubber prices demonstrated an increasing trajectory.

Germany and United Kingdom too had witnessed increased prices of this product due to reduced imports and progressive orders for NBR for numerous production purposes. In contrary to North American and Asia – Pacific markets, the European markets witnessed growth till May and saw a downfall in the Month of June. In France, NBR prices increased till May, because of lowered imports from China due to lockdowns imposed in it’s different regions, followed by increasing feedstocks costs. Another factor attributed to growth in costs is the constant demand for this product for downstream processing from various companies.

Import and Export volume is captured from government sources and demand for Nitrile Butadiene Rubber is calculated considering the production, import, export and inventory-levels on the country and regional level markets. „KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.” Enterprise Value is a measure of a company’s total value, often used as a more comprehensive alternative to equity market capitalization. Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company’s balance sheet.

As a repercussion of rising inflation in the country, tightened monetary policy and improved interest rates have been imposed by the US Federal Reserve to curb inflation. In mid-Q3, the market players reduced their quotations as the buyers were inclined to a cheaper spot market. As per the Institute of Supply Management , on the inflation front, the price index tumbled to 52.5 in August, dropping below 60 for the first time since August 2020. Furthermore, towards the end of the third quarter, the NBR prices escalated in the domestic region of the USA. On the demand side, active inquiries from the downstream automotive sector have fueled NBR’s market growth among the manufacturers. Consequently, NBR 41%-66% CFR Los Angeles prices were assembled at USD 4085 per ton at quarter-end.

Feedstock Butadiene prices surged amidst rising inflation rate in the Chinese domestic market. Demand was consistent from the downstream medical gloves and tire industries, backed by strong overseas enquiries from the North American region. Hampered by the impact of COVID-related restrictions in India, NBR offtakes were affected proportionally during Q2, and Ex-Works Mumbai NBR offers slipped to USD 3430 per tonne in June.

However, prices changed the momentum in the 2nd half of the quarter as the uncertainties regarding global supply chains gained traction and consequently, prices of NBR rose by 3-5% in the Indian domestic market depending on the location. Rishiroop Limited is an India-based company that is engaged in manufacturing of polyvinyl chloride-acrylonitrile butadiene rubber (PVC-NBR) blends and trading of polymers. The Company operates in polymers and polymer compounds, and their related products.

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However, the Malaysian and Indian markets were contrary to these countries. NBR market remained stable in India because of the constant demand for this product, and in Malaysia, the prices were increasing, owing to growth in feedstock prices and enhanced demand from domestic firms for several production purposes. Australian NBR markets too aligned with the Malaysian markets in this quarter. The market of Nitrile Butadiene Rubber was different in various parts of the Asia – Pacific Region in the second quarter. As far as China is concerned, the prices were impacted and continued to drop down due to lockdowns imposed in various provinces in the month of April, followed by lower demand for this product from downstream industries. However, the Malaysian and Indian markets were in contrary to these countries.

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• In the first two months of 2023, the prices of Nitrile Butadiene Rubber have progressed in the north direction.
• No, shares of Apcotex Industries Limite or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed.

The products are mainly sold in India and exported to the international markets. Asian exports of Nitrile Butadiene rubber remained weak on US shores owing to strong freight charges and long transit time. Domestic production increased in Q4 in comparison to earlier quarters on the back of no unforeseen weather conditions and increased availability of feedstock Butadiene and Acrylonitrile. Market participants struggled for Butadiene during Q3 and consequently, prices crossed USD 2000 per MT however supply of Butadiene increased in Q4 and thus prices declined in the last quarter. On demand side, automotive industry output remained sluggish which deterred Nitrile Butadiene Rubber market sentiment, however limited inventories kept the prices firm during Q4 and therefore, NBR prices in USA were assessed at USD 3490 per MT.