Short term swing trade (B): Chemical stock | 4-5% target | Indian stock trading advice on 28 Jan 2026

NOTE

Closing Price: ₹78.84 (as of Jan 27, 2026)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Privi Speciality Chemicals Limited was founded in 1985 (earlier incorporated as Fairchem Speciality Limited) and was rebranded in 2020. Headquartered in Navi Mumbai, the company is a leading Indian specialty chemicals manufacturer focused on aroma and fragrance chemicals used in personal care, home care, fabric care, and food products. With integrated manufacturing facilities in Maharashtra and Gujarat, a strong export orientation, and continuous emphasis on R&D and innovation, Privi has built long-term relationships with global fragrance houses and FMCG companies, establishing itself as a key bulk aroma chemical supplier from India.

Website: http://www.privi.com/

Q2 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Strong growth: Q2 revenue rose 26% YoY to ₹679 cr, while profit more than doubled to ₹90 cr. H1 profit up 94% YoY.
Record margins: EBITDA margin hit an all-time high of 26.8%, driven by better cost control and high-margin products.
Capacity expansion: Capacity to rise from 48,000 MT to 54,000 MT by Dec 2025; plants already running at 92% utilization.
Future growth plan: 10–15 new specialty products planned; management targets ₹5,000 cr revenue & ₹1,000 cr profit in 3–4 years.
Government support: ₹9 cr incentives received in H1; ₹7–10 cr annually expected for the next 15 years, supporting margins.

Financial Highlights

Metric	Q2 FY26	Q1 FY26	Q2 FY25	QoQ Change (%)	YoY Change (%)
Revenue from Operations (Rs. Cr)	6,378.11	6,738.86	4,918.91	-5.40%	29.70%
EBITDA (Rs. Cr)	2,385.00	2,777.00	1,801.00	-14.10%	32.40%
EBITDA Margin (%)	35.30%	41.20%	36.60%	-590 bps	-130 bps
PAT (Rs. Cr)	1,698.86	1,967.74	1,211.57	-13.70%	40.20%
PAT Margin (%)	25.10%	29.20%	24.60%	-410 bps	+50 bps
EPS (Rs.)	1.93	2.24	1.38	-13.80%	39.90%

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

The stock price has bounced off its trendline support, forming a strong hammer candle.
This price action indicates buying interest at lower levels, and if the trend holds, the stock is expected to continue its uptrend and move higher from here.

Smart positional traders in India look for steady uptrends that allow profits to build quietly over time.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	46.4	Neutral
CCI-14	-125.69	OverSold
MFI	40.39	Neutral
ROC	-8.5	Negative
Stochastic %K	13.81	OverSold
William %R	-73.85	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	78.76	Above
10 EMA	79.83	Below
20 EMA	80.15	Below
50 EMA	79.15	Below
100 EMA	77.01	Above
200 EMA	75.14	Above

Conclusion

Privi Speciality Chemicals Stock Price Forecast

Based on our stock advice for swing trading, the Privi Speciality Chemicals Price target will be INR 2860 - INR 2900 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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