Wednesday, December 21, 2011

ORCHID CHEMICALS & PHARMACEUTICALS LTD - UPDATES

Share price of Orchid Chemicals crashed from a level of Rs.300 to Rs.115 in this calendar year. Overall market crash and not so encouraging second quarter result was a  reason for this down trend .But the most important reason was the uncertainty  related with the redemption of FCCB ,which is due for redemption in February 2012.Now in a filing to stock exchanges , company informed that they  have already tied up funds for FCCB redemption . This is a good news and share price is expected to recover .Those with a long term view may enter @ CMP of Rs.136/-

3 comments :

  1. Dear Sir
    Please give your update on Advanta.
    Share price has fallen from 450 to 250.

    ReplyDelete
  2. Dear Sir

    Please give your updates on Honda Siel as well.
    Corrected from 370 to 270.

    ReplyDelete

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