Dear Sir
My I'd is 15008,
need your view about
"Sudarshan chemical industries ltd"
can it buy at current level.
regards,
Rakesh mewada
1. Sudarshan chemical industries ltd is a 2 rupee face value Speciality Chemicals company which traded at 102.50
2. Year high/low of Sudarshan chemical industries ltd is 133.40/77.10 which is normal.
3. Net sale per share for last year is 157.68 So net sale is below CMP , this is a sign of value buy in my terms new readers please refer " Terms of my research reports".
4. Book value of Sudarshan chemical industries ltd is 40 only.
5. Promoters holding 52.89 % FII holding 3.07% DII holding 0.58 % all are normal.
6. No any bulk /block deals in last 2 year, and Sudarshan chemical industries ltd has a good dividend history.
7. This stock give bonus issue and make a stock price split on 30.09.2014, So this is the reason that why I not recommended this stock on my multi-bagger list at my home page , because as my rule I do not buy or recommended a stock which give a bonus, stock split, right issue in last 2 year. New Readers see this list here
8. Why I wait 2 Year from Bonus Etc ?:- this is my experience that after such type of issue stock is enter in downfall or rest zone and you see same happen with this stock because ex bonus and ex split price of Sudarshan chemical industries ltd is 118.70 at 30.09.2014 and after one year this stock still not able to make a multiple returns.
9. No doubt that Sudarshan chemical industries ltd is a strong fundamental stock and if you already hold it then I think you may continue hold and if you want to buy it on current level then I agree with you but It is advisable to buy in 12 month SIP.
11. Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Sudarshan chemical industries ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Sudarshan chemical industries ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not not received any type of compensation from the subject company(Sudarshan chemical industries ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company( Sudarshan chemical industries ltd). 6. I have been not engaged in market making activity for the subject company(Sudarshan chemical industries ltd).