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KnackChap

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Anti-dumping duty removed from Phenols.

Most probably the reason why Deepak crashed yesterday. 

Definite impact on revenue and PAT but currently that might be offset by increased freight costs.

 

And given they will be using it for their own downstream derivatives, the impact might not be much in future.

Need to research more.

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All my money is now invested in SCI, IBREAL Estate, and GMDC. Kicking myself for not selling IBREAL on 180+ on monday, would have gotten back the shares at 155 levels. Anyways, might sell it out today, and keep the money til Laxmi Organic bottoms out, currently at 474, can easily see 1500+ levels in the next 1 year or so.

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18 minutes ago, KunjanPSD said:

Laurus down 7%.

My avg is 350 (added decent quantity at the around 600-650).

Full expecting it to hit 450 on results day.

 

This might become a once in a lifetime opportunity.

My avg in Laurus is 630, should i stay put.

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18 minutes ago, KunjanPSD said:

Laurus down 7%.

My avg is 350 (added decent quantity at the around 600-650).

Full expecting it to hit 450 on results day.

 

This might become a once in a lifetime opportunity.

My avg is around 550. Will add more when it hits below 500. 

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19 minutes ago, Bird Bird Bird said:

Laurus is now fully in bearish zone. Below 200ema on D charts. 

 

tf8fhZW.png

 

Shared bearish divergence on W charts a few days/weeks back. Didn't know it was this powerful ! 

Getting back won't be easy IMO. 

Only earnings will drive up the price.

Laurus has almost 60% dependence on China but this fall is a pre-reaction to the results. Every other Pharma company is facing this issue.

Hikal, Laurus, Sequent, Strides etc every one of them will be hit. And possibly will be hit in next 2 quarters as well.

 

Only thing remains to be seen if the market will make these drop more after earnings or it is pricing it all in.

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8 minutes ago, mohit9206 said:

We are in full fledged bull market. Any correction is sharp and swift in bull market. And just as quick recovery. Not to mention Pharma is going to be one of the leaders of this bull run.

Pharma is not a single sector.

It has 10 different variants. 

Understand the business because otherwise your Pharma stocks might not perform.

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