Wednesday, October 23, 2013

ACRYSIL INDIA - UPDATE








Acrysil India recommended around Rs.128 CB ( Old posting HERE) . Company distributed bonus shares thereafter in the ratio of 1:2  in 2012.Today stock hits its life time high @ Rs.150.Yesterday HDFC securities recommended a BUY on Acrysil with a target of Rs.191.They projected an EPS of Rs.25.5 in FY 2014-15 .But I believe, company will achieve this projections in this FY itself .For those interested to know more about this company and its unique products ,I am giving the link to HDFC Report below.


HDFC Securities' Report Link HERE

 Still recommending to HOLD the stock for long term

Disc: I have vested interest in Acrysil

8 comments :

  1. It is in periodic call auction and the volume is very very low.. Dont know, whether it is apt to invest.

    ReplyDelete
    Replies
    1. Volume is not VERY VERY low .On each and every day of the past few months stock is trading more than 10000 ,which is enough to come out of PCA ( if it continue for next two months.) .Don't expect huge volume in a stock like this where equity is just below Rs.5 Cr.

      Delete
  2. Dear VP,
    You have recommended to hold the stock. Does that mean a new investor who is willing to hold for long term should not enter at current levels?

    ReplyDelete
    Replies
    1. As you are aware entry price is critical in the case of gain .When someone entering at higher level ,risk is also increasing which does not means one should not enter at that level.Take a decision based on one's risk appetite.

      Delete
  3. VPji,
    I have tried to buy the stock few days back but the system said the orders are not allowed. I checked there were no trades 2 days back. But to my surprise I checked later in evening that day there were trades. So how does one buy such stock since its in PCA when no one to sell and online system doesn't allow to put orders?

    plz guide

    ReplyDelete
    Replies
    1. For all PCA stocks there is a cool off time of 15 minutes in each hour and no order is permitted during this time in each session.You may have checked during this period.

      Delete
  4. hi value pick sir.
    after touch 52 week high. Acrysil has come down to your recommended price. your view on this stock.

    ReplyDelete
  5. hi value pick sir,
    thanks for ur valuable recommendations.
    After touching 52 week high.
    continuously this stock coming down .
    todays closing price Rs 121.Now it has come down to your recommended price. give me your view on this stock.

    ReplyDelete

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