Flat Numbers from Himadri Chemicals. Book Profits below 162. 100% returns. Stock Price 165. Recommended at 84 and to add on dips.
Numbers are Flat. Stock is trading at 35x Current Quarter Annualized EPS. While the Industrial PE is said to be near 50.
We see a technical dip for the Nifty and the stock, so book profits below 165. Stock can range between 150-180 for a while. Buy closer to 150 and exit on rally towards 180 for short term gains. Have 140 as stoploss. Above 180, Stock can rally towards 220 and 250.
Reference call:
Himadri Chemicals hits target of 145. Add fresh on dips towards 130-135.
Himadri Chemicals share price near target. Continue holding. 145 in sight.
Stunning numbers from Himadri Chemicals (CMP 84). Target 120. SL 72.
source http://gale.in/flat-numbers-from-himadri-chemicals-book-profits-below-165-100-returns/
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