Wednesday, March 26, 2014

SUNSHIELD CHEMICALS - UPDATE

Sunshield Chemicals recommended @ Rs.62 on 27 November 2013 .Today stock hits its life time high @ Rs.138 .Today in an important development , Rhodia Group agreed to accept the reverse book built price of Rs.1200 for for its another listed company Rhodia India and decided to de-list .Rhodia India ( Formerly Albright Wilson Chemicals ) acquired by Rhodia group from its old promoters  at a price of around  Rs.160 few years back .Sunshield is the only other listed company owned by Rhodia in India ( Ultimate parent company is Solvay) .In my previous posting itself I indicated the possibility of a de-listing for Sunshield too in future .Now with this aggressive offer price ,chances increased for a de-listing offer for Sunshield in not so distant future.Strongly recommending to HOLD this stock and even chances for some quick gain can't be ruled out on the basis of Rhodia's today's decision.

Disc : I have vested interest in Sunshield Chem.
Posted by VALUEPICK at 9:10 PM

12 comments :

  1. rameshMarch 26, 2014 at 10:13 PM

    Sir,
    Is this a fresh buy?

    ReplyDelete
    Replies
    1. VALUEPICKMarch 27, 2014 at 6:13 AM

      Entry price is very crucial in any investment. Here in this case even the risk has increased in that sense ,still there is scope ..

      Delete
  2. AnonymousMarch 26, 2014 at 11:25 PM

    Hi Sir,
    Do u see any adverse effect of rupee appreciation on Gokal Das Export.?

    ReplyDelete
    Replies
    1. VALUEPICKMarch 27, 2014 at 6:21 AM

      Rupee appreciation will affect all exporting companies. But we should wait and watch whether this current trend of Rupee appreciation will continue or not.A weak govt and a bad monsoon may change the current equations. So I believe it is too early to take a final call. More than that we should consider this factor on a case to case basis .Some export oriented companies have huge external debt in the form of FCCB or ECB. Rupee appreciation may act as a cushion for such companies and neutralize the effect to a certain extent.

      Delete
    2. AnonymousMarch 27, 2014 at 10:51 PM

      Thanx Sir..
      Regards,
      Aman..

      Delete
  3. UnknownMarch 27, 2014 at 12:32 AM

    Do you see a value in hawkin's cooker....Is it right time to purchase it

    ReplyDelete
  4. rajMarch 27, 2014 at 8:14 AM

    Value pick, I want to ask about epic irrigation market going higher and its going lower daily any change in situations.. Can I buy more at current price..
    Raj thanks

    ReplyDelete
    Replies
    1. VALUEPICKMarch 29, 2014 at 6:46 PM

      Sad to see you bought the stock even without know the correct name :(

      Delete
    2. rajMarch 29, 2014 at 11:31 PM

      Valuepickji, whatever it may be you all knows its epc irrigation or epc industries it happen in Android mob when we write epc automatically becomes epic as auto dic. Mode..tell me answer of my query plz enough fun done sir.

      Delete
  5. AnonymousMarch 27, 2014 at 9:26 AM

    Dear sir,

    Is it a buy now Indo amines?

    ReplyDelete
  6. AnonymousMarch 27, 2014 at 10:30 AM

    Hi, I had purchased Anjani Cements, per your suggestion, @ 30 Rs. & it is currently trading 59+. Kindly suggest on the future of Anjani.

    & HUGE THANKS for your tips..

    ReplyDelete

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