SUNSHIELD CHEMICALS -UPDATE

Sunshield Chemicals recommended just one month back @ RS.62 ( Posting HERE) which is currently trading around RS.100 .Stock appreciated about 50 % in short period .As mentioned earlier ,Sunshield taken over by world renowned chemical giant Solvay group in last year.As per the available information ,parent company extended a loan to Sunshield through ECB route to renovate and expand its facilities .Company already started this process .Considering the low liquid nature of stock ,those who are not  interested to take any risk can book partial profit .Those with some risk  appetite can still HOLD this stock.If company can resume the good performance  -as in the case of  last  quarter - in coming quarters ,this stock may turn as a multi bagger going forward.

SUNSHIELD CHEMICALS - ACQUISITION BY SOLVAY

In September 2012 ,  Rhodia Amines Chemicals Pte Ltd Singapore and Solvay S.A. of Belgium made an open offer to acquire majority stake in Sunshield Chemicals @ Rs.51 per share .Offer will be closed on 19 December 2012.For the first time post announcement stock closed above open offer price today.Considering  Solvay's expertise in chemical field and its planned expansion in India ,It is a stock to keep in radar .CMP is Rs.55 /-

Link to Solvay Website HERE 

Link to Sunshield Website HERE