With the credit report coming in the recent past..they also claim that PVC prices are on the rise and we know caustic soda prices are up. Looking for a bounce around 587. If it does bounce it could make for an interesting buy around that price... (Note markets might be weak so it could even go to 559 before it bounces.) But whereever it bounces it might make fora. great entry point.
Strange it has not performed yet given how Caustic soda players have given returns and multiple reports citing demand outlook for paste pvc and suspension pvc is quite strong.
rdkriplani
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@roopak29, Caustic Soda is 4% of their revenues only..Its primarily PVC resins.
roopak29
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@Rk10, ohkk. I thought it's 8% margin. Anyhow available at 50% retracement. Feels like adding more today. :)
rdkriplani
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@roopak29, I'm not talking about the margin...Caustic Soda contributes only approx 4% of its total revenues..96% of its total revenues come from PVC resins.
roopak29
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@Rk10, Sry my bad. I meant to write 8% of total revenues. I am loosing patience in this day by day. One of my highest pf holding. :P
roopak29
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@roopak29, Other one is DCW. Though i think its not performing as it's under NCLT. Lot of capacity addition is coming online
rdkriplani
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@roopak29, Check TGV as well.. DCW hasn't done that badly considering how bad the markets are.
roopak29
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@Rk10, super chart structure. Already running all time high. Broken its 4-5 year resistance