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KnackChap

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https://www.moneycontrol.com/india/stockpricequote/chemicals/chemfabalkalis/CA01

 

 

 

Keep an eye on this stock. A 165 cr Rate contract is going to be finalized for opvc pipe in Maharashtra. Chemfab is one of the companies that manufactures this pipe and they have managed to put in a clause that the group turnover should be above 82 cr and only two companies qualify under this. Oriplast and Chemfab. Other 2 companies Parvati udyog (Mobilex) and Optiflux mostly dont qualify. 

 

There are only 4 companies that manufactures opvc pipes in India. 

 

 

I dunno how much worth this info. Si similarly Prince pipes and supreme ind and jain irritation can also benefit as there are two other RCs for hdpe (270 cr) and pvc(100 cr) pipes both with similar clauses of huge a*s turnover of 150 cr and above for HDPE RC. 

 

 

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2 hours ago, KunjanPSD said:

Kya darr rhe ho.

Market kal, parso bhi giregi toh normal lagega.

Salary coming tomorrow, I am happy 😊

Darr nahi rahe hai . Market hai kabhi badega kabhi girega . Par aaj toh kuch zyaada hi gir gaya . 2nd biggest single day loss for me. 

Also What's your take on Nazara technologies. From high of 3200 it's available around 2230 . Do you think it's a good range to enter now ?

Edited by Krazyniks
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2 hours ago, Krazyniks said:

Darr nahi rahe hai . Market hai kabhi badega kabhi girega . Par aaj toh kuch zyaada hi gir gaya . 2nd biggest single day loss for me. 

Also What's your take on Nazara technologies. From high of 3200 it's available around 2230 . Do you think it's a good range to enter now ?

I don't see any real cashflow in this company.

It's all about raising more capital, acquiring more companies and then showing their cashflow.

Now, this could eventually work because this really is a high growth area but with the current valuations, absolutely not.

 

I would stick to 1400-1500 range. It's extremely expensive at that price too and risky but I will be somewhat comfortable to take it as one of the bets in my basket i.e. I only need 6 out of 10 stocks to work.

 

Will be difficult to see this price though. Unless they report good earnings growth next Q, I won't recommend buying at a higher price.

 

Then again, I can quantify business, not the stock price. Things can play out differently.

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4 minutes ago, KunjanPSD said:

I don't see any real cashflow in this company.

It's all about raising more capital, acquiring more companies and then showing their cashflow.

Now, this could eventually work because this really is a high growth area but with the current valuations, absolutely not.

 

I would stick to 1400-1500 range. It's extremely expensive at that price too and risky but I will be somewhat comfortable to take it as one of the bets in my basket i.e. I only need 6 out of 10 stocks to work.

 

Will be difficult to see this price though. Unless they report good earnings growth next Q, I won't recommend buying at a higher price.

 

Then again, I can quantify business, not the stock price. Things can play out differently.

Thanks a lot 👍 for the analysis .

Yeah 1400-1500 range looks a little unlikely at the moment . Will see if the stock goes down to levels of 1800 and then look to enter . 

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