Venus Pipes & Tubes Ltd. is a stainless steel pipe manufacturer catering to diverse sectors such as oil & gas, petrochemicals, pharmaceuticals, and water desalination. The company operates an integrated facility and emphasizes high-quality, precision-engineered products. Currently trading at INR 1,461.70, the stock has shown a strong rebound and is testing key technical levels after a corrective phase.
Key Levels
Support Levels: INR 776.75, INR 1,134.45, INR 1,346.35, INR 1,557.30
Swing Level: INR 1,461.70
Possible Upside: INR 2,318.85, INR 2,675.95, INR 3,130.80
Technical Indicators
RSI (Relative Strength Index): Currently at 52.15, indicating balanced momentum. While not decisively bullish, the RSI suggests the stock has shifted out of oversold territory and could build strength above the current base.
Volume: With volume at 1.17M, there is visible participation accompanying the recent price up-move. Sustained higher volumes near swing level would help confirm a broader trend continuation.
Sector and Market Outlook
Operating in the metal tubes and industrial materials space, Venus Pipes is positioned to benefit from:
Strong capex trends in infrastructure, chemical processing, and renewables
Import substitution and rising demand for precision stainless steel products
Expansion in exports to Europe, Southeast Asia, and the Middle East
Headwinds include volatility in nickel and alloy prices, global logistics fluctuations, and customer concentration risks in certain end-use sectors.
Latest Developments
Capacity Expansion: Commissioned additional production lines for seamless pipes and tubes
Export Growth: Reported robust YoY increase in export contribution to total revenue
Financials: Improved margins driven by premium product mix and better utilization rates
Dividend Update
Venus Pipes & Tubes has declared a dividend of ₹3.50 per share, reflecting strong cash flow generation and a balanced capital return policy.
Analysis Summary
Venus Pipes & Tubes is transitioning from a correction phase to a potential recovery cycle, underpinned by stable technicals and structural tailwinds in its core markets. While some consolidation may persist, the improving volume and RSI suggest growing interest. The company’s expansion initiatives and strengthening fundamentals support a constructive long-term outlook for disciplined investors.
Key Levels
Support Levels: INR 776.75, INR 1,134.45, INR 1,346.35, INR 1,557.30
Swing Level: INR 1,461.70
Possible Upside: INR 2,318.85, INR 2,675.95, INR 3,130.80
Technical Indicators
RSI (Relative Strength Index): Currently at 52.15, indicating balanced momentum. While not decisively bullish, the RSI suggests the stock has shifted out of oversold territory and could build strength above the current base.
Volume: With volume at 1.17M, there is visible participation accompanying the recent price up-move. Sustained higher volumes near swing level would help confirm a broader trend continuation.
Sector and Market Outlook
Operating in the metal tubes and industrial materials space, Venus Pipes is positioned to benefit from:
Strong capex trends in infrastructure, chemical processing, and renewables
Import substitution and rising demand for precision stainless steel products
Expansion in exports to Europe, Southeast Asia, and the Middle East
Headwinds include volatility in nickel and alloy prices, global logistics fluctuations, and customer concentration risks in certain end-use sectors.
Latest Developments
Capacity Expansion: Commissioned additional production lines for seamless pipes and tubes
Export Growth: Reported robust YoY increase in export contribution to total revenue
Financials: Improved margins driven by premium product mix and better utilization rates
Dividend Update
Venus Pipes & Tubes has declared a dividend of ₹3.50 per share, reflecting strong cash flow generation and a balanced capital return policy.
Analysis Summary
Venus Pipes & Tubes is transitioning from a correction phase to a potential recovery cycle, underpinned by stable technicals and structural tailwinds in its core markets. While some consolidation may persist, the improving volume and RSI suggest growing interest. The company’s expansion initiatives and strengthening fundamentals support a constructive long-term outlook for disciplined investors.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.