Friday, June 17, 2016

Book 84.76% Profit in Himadri Chemicals & Industries Ltd.

Respected Readers,
I am happy to announce 34 th profit booking of this blog. 
See our last 34 profit booking details here where all profits are above 25 % to 200 % :- 
Past Profit Booking of My Penny Share Part 2 
I Recommended Himadri Chemicals & Industries Ltd  on 2 April 2016 @ 15.75 see original article where I posted this stock recommendation here:- 
Himadri Chemicals & Industries Ltd Buy @15.75 

and as per my fundamental target price theory fundamental target for this stock is 21.35 only so now I think it is the time to book our 84.76% profits @29.10. 
Why I recommended profit booking in this stock:- We got more than 80% returns in our 2 months holding period. 
Himadri Chemicals & Industries Ltd  already cross his fundamental target price,  plus earning is down and profit is increasing although net sale per share is still sound but I think if we book 84.76% Profit here then we may get a chance to buy it again at lower price. ( not surely only may be) So profit booking recommendation is not a sign of down-trend.
Recent Update from me:-
Jain Irrigation System DVR @42.80

Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Himadri Chemicals & Industries Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Himadri Chemicals & Industries Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(Himadri Chemicals & Industries Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Himadri Chemicals & Industries Ltd). 6. I have been not engaged in market making activity for the subject company (Himadri Chemicals & Industries Ltd).

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