Simple Chart - Long Consolidation ( Flag Pattern ). Targets could be higher as well but taking it one by one due to overall market volatility.
Fundamentally :
The company has declared Negative results for the last 7 consecutive quarters
PAT(9M) At Rs 724.72 cr has Grown at -20.67 %
INTEREST(9M) At Rs 286.57 cr has Grown at 21.09 %
ROCE(HY) Lowest at 10.25
However looking at the chart, something has changed fundamentally which is why there is demand coming in from big players.
Specialty Chemical Outlook:-
Anticipate good Agro Demand in Q4 with significant improvement over Q3
Fluorochem Outlook:-
Q4 to perform significantly better ; Supported by higher HFC Volumes.
Packaging Film Outlook:-
Demand -Supply imbalance to continue but will soften.
Fundamentally :
The company has declared Negative results for the last 7 consecutive quarters
PAT(9M) At Rs 724.72 cr has Grown at -20.67 %
INTEREST(9M) At Rs 286.57 cr has Grown at 21.09 %
ROCE(HY) Lowest at 10.25
However looking at the chart, something has changed fundamentally which is why there is demand coming in from big players.
Specialty Chemical Outlook:-
Anticipate good Agro Demand in Q4 with significant improvement over Q3
Fluorochem Outlook:-
Q4 to perform significantly better ; Supported by higher HFC Volumes.
Packaging Film Outlook:-
Demand -Supply imbalance to continue but will soften.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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.