ORCHIDCHEM Cmp Rs.199 saw sudden sell-off with volumes after, Orchid Chemicals & Pharmaceuticals has agreed to sell its injectables business to the US-based Hospira for around $400 million (Rs 1,850 crore), a valuation that represents a 20% premium to the Chennai-based firm’s market value and greatly boosts its financial flexibility. The acquisition includes Orchid’s beta-lactam antibiotics manufacturing complex and pharmaceutical research and development facility at Irungattukottai in Chennai and its generic injectable product portfolio and pipeline.
Orchid's Managing Director K Raghavendra Rao said the sale of these assets will shave off $90 million in revenue but add 7-8 rupees a share to its earnings in fiscal year ending March 2011.
Analyst’s concern is Orchid has sold a valuable asset as the sold business contributed about 40% of sales and 50% of operating margins,and now upside for the stock maybe capped, it is hard to understand the impact but it would be better to avoid this stock and go for alternative like GLENMARK and JUBILANT Organosys which can see better performance in years to come.
RANBAXY’s move which holds 14% stake in Orchid would be keenly watched
http://www.vccircle.com/500/news/is-ranbaxy-exiting-orchid-chemicals The heavy trade of close to 30 mn shares across BSE-NSE triggered street talk that Ranbaxy has exited the investment. The country’s second largest drug-maker by revenues, Ranbaxy Laboratories, which is now controlled by Daiichi Sankyo, has sold part of its 14% stake in Orchid Chemicals triggering rumours that the Japanese firm may no longer be keen on continuing with the minority stake in Orchid.
http://economictimes.indiatimes.com/US-based-Hospira-to-buy-Orchid-Chemicals-injectables-biz-for-400-mn/articleshow/5342003.cms Orchid Chemicals & Pharmaceuticals has agreed to sell its injectables business to the US-based Hospira for around $400 million (Rs 1,850 crore), a valuation that represents a 20% premium to the Chennai-based firm’s market value and greatly boosts its financial flexibility. The acquisition includes Orchid’s beta-lactam antibiotics manufacturing complex and pharmaceutical research and development facility at Irungattukottai in Chennai and its generic injectable product portfolio and pipeline.
http://www.bloombergutv.com/industry-news/pharma-biotech-industry-news/40247/orchid-to-reduce-debt-after--400mn-deal.html Orchid Chemicals & Pharmaceuticals plans to eliminate long-term debt with the $400 million it will receive from the sale of its generic injectable drugs unit to Hospira Inc.
http://in.reuters.com/article/businessNews/idINIndia-44761120091216?feedType=nl&feedName=inmoney Orchid's Managing Director K Raghavendra Rao said the sale of these assets will shave off $90 million in revenue but add 7-8 rupees a share to its earnings in fiscal year ending March 2011.
http://www.ft.com/cms/s/0/84c436d8-e9a1-11de-9f1f-00144feab49a,dwp_uuid=a6dfcf08-9c79-11da-8762-0000779e2340.html?ftcamp=rss&nclick_check=1 India’s top business organisation is warning that a bill on land purchasing due to be introduced in parliament this week would hinder industrial development by making it more difficult for private companies to buy sites for big factories.
Rajeev Desai
Friends,
Yashraj Containuers is in containers and packaging sector.
Profile:
Starting with the manufacture of metal barrels, of 180 - 235 liters capacity, in the year 1993, YASHRAJ has grown to become one of the largest manufacturers of industrial packaging solutions in India with a wide range of standard and specialty steel barrels in different sizes and thicknesses with a choice of internal as well as external coatings and configurations. Since its birth, YASHRAJ has committed to Excellence through continual improvements in Customer service and product quality along with developments of new technologies and processes.
Easy access to raw materials manufacturers & customers, ready markets, fully automatic plant incorporated with latest engineering technology, well implemented quality management systems, innovative strategies give YASHRAJ significant advantages over its competitors.
Professionally well qualified, highly accomplished, experienced and committed personnel are the strength of this organization. Active participation of all employees in continual improvements and tackling real business problems helps them to learn practical insights and a pragmatic approach with a clear business focus, which in turn helps YASHRAJ to achieve its goals.
The Machine
YASHRAJ's strategically located fully automatic Steel barrel manufacturing plant at Daman is having an installed production capacity to manufacture 400 barrels per hour. The plant is equipped with machines from renowned manufacturers such as 'General Macchine Impianti s.r.l, Italy ( Main barrel manufacturing line), Thermax Ltd ( Barrel Pretreatment Line), Nordson Corporation, USA ( Hot Airless Spray Painting Systems), Deltax ( Electrical Resistance Welding Machine) etc.
Conveyors between each & every processes in barrel manufacturing, EOT Crane, Hoists and other low cost automations incorporated in the plant help to achieve minimum manual handling of raw materials, semi-finished and finished products.
Our properly designed finished goods storage space that can store 15000 barrels at a time and the designated trucks for barrel transportation are also playing their role in quality improvements.
Strict implementation of Total Productive Maintenance of plant and machineries helps to maximize processes reliability and optimum machine turn around & plant utilization capacity.
The Technology
Barrels are manufactured in our ISO 9001: 2000 Certified Daman plant under the dimensional and performance standards set by Bureau of Indian Standards, Indian Institute of Packaging, UN Performance Level or our Customers itself. "Electrical Resistance Seam Welding" technology (with an overlap of 2.2 mm) is used in Vertical Seam.The top & bottom lids are mechanically seamed to the body shell of barrel using "Triple Seam" technology that guarantee leakproofness of barrel.
"Three Stage External Barrel Pretreatment System" (which consists of Hot Degreasing, Rinsing and Passivation),there after water drying through oven ensure the elimination of dust, rust, grease, oil etc on the barrel surfaces before painting.
Hot Airless Spray Painting Systems, Paint Baking through a continuous oven and the barrel Cool - off system ensure safe performance of the product.
Specially selected and imported as well as indigenous barrel manufacturing machines equipped with Programmable Logic Control systems, aided by Siemens and Allan Bradly Softwares, ensure precise and fine control of the finished product properties.
QUALITY
Continual up gradation, implementation and strict Maintenance of world class quality has been the reason for YASHRAJ being a major success in the industry. We provide the best of our services to assist our customers to fulfill their requirements at a very competitive price through our design of custom made superior quality products and the use of special purpose manufacturing techniques.
This superior quality, the state-of-the-art processes and the committed work force has helped YASHRAJ to find a name for itself in the list of elite companies awarded the ISO, BIS and UN Certifications for its products and processes.
PRODUCTS
We offer various packaging options to our esteemed customers such as 'Closed Top' & 'Open Top' steel barrels in a range of sizes and thicknesses with a choice of coating for safe packing of materials for petroleum products and oils, chemicals and pesticide, paint and varnishes, food, pharmaceutical and hazardous chemical industries with a high degree of internal cleanliness, leakproofness and external appearances.
CLOSE TOP BARRELS
YASHRAJ Close Top steel barrels with a capacity of 216.5 liter, which are ideal for liquids, complies with IS 1783 standard or other major international standards for steel barrels as per customer requirement. These barrels also comply with stringent UN regulations for packing non-dangerous and dangerous goods in the packing groups 1, 2 and 3.
YASHRAJ steel barrels are provided with rolling hoops and thinner gauge steel barrels are provided with extra corrugations for better mechanical strength.
Electrical resistance seam welding of body shell, Triple seaming of top & bottom lids to the body shell and the superior quality systems checks implemented throughout all phases of barrel manufacturing processes ensure the best performance of the products.
Two openings of 2" & ¾" provided on the barrel allow easy and convenient filling and removal of materials. Gaskets ( rubber / nylon / plastic) on closures are provided depending up on the application of barrels at customer end.
Barrels are available in various sizes ranging from 180 to 235 liters and thickness of steel ranges between 0.8 to 1.25 mm along with a customer specification of external decorative paint coating which is resistant to humidity, sunlight and heat.
YASHRAJ barrels can be internally coated with a phenolic, epoxy-phenolic lacquer or a special coating in accordance with the customer requirement. Technical assistance is provided to customers to determine the suitable internal coating for their specific purpose. Different types of sealing compounds are used depending up on the compatibility of that compound with the product to be filled in the barrels while manufacturing barrels.
YASHRAJ offers special ISO barrels of 210 liter capacity For exporters, 80 of which can be stacked in one 20 foot freight container. G.I coated barrels are also supplied to customers for their specific purpose.
OPEN TOP STEEL BARRELS
YASHRAJ Open Top Steel barrels are suitable for storage and transportation of liquids, pastes and solid substances. These barrels comply with UN regulations for packing non-dangerous and dangerous goods in the packaging groups II and III. These barrels also comply IS 13997 standard or other major international standards as per customer requirement.
The full open top removable cover and closure ring allow easy filling and removal of all contents, including high viscous liquids and powders. The full open top removable cover can be provided with different gaskets and 2" & 3/4" closures . The barrels can be provided with a Lever type or Nut and Bolt type closure ring. Different types of lever in various sizes and steel thicknesses and rings of various steel thicknesses
can be provided as per customer requirement.
Electrical resistance seam welding of body shell, Triple seaming of top & bottom lids to the body shell and the superior quality systems checks implemented throughout all phases of barrel manufacturing processes ensure the best performance of the products.
Open Top Barrels are available in various sizes ranging from 180 to 235 liters and thickness of steel ranges between 0.8 to 1.25 mm along with a customer specification of external decorative paint coating which is resistant to humidity, sunlight and heat.
Open Top Barrels, provided with rolling hoops and corrugations depending on the thickness of steel used in fabrication, are available. Customer specified plain open top barrel with out any rolling hoop or corrugations are also available. In addition to that, YASHRAJ also offers internal coated (with epoxy lacquer), ISO container type and Zinc coated / Galvanized open top barrels.
COMPOSITE STEEL - PLASTIC BARRELS
YASHRAJ Composite barrels have a double shell protection. The inner is a blow moulded plastic liner made from virgin high density polyethylene. This is surrounded by high quality cold rolled steel to provide unrivalled protection.
Composite barrels, in a capacity of 210 liters, are designed for packing dangerous and corrosive materials. These drums comply with UN regulations and Indian Institute of Packaging standards.
Two openings with 2" plastic closures are provided on the top lid of such barrels for filling and removal of contents. Vent holes or 3 /4" closure is provided on the bottom lid of barrels.
Electrical resistance seam welding of steel body shell , Triple seaming of top & bottom lids to the body shell, best quality plastic liners and the superior quality systems checks implemented throughout all phases of barrel manufacturing processes ensure the best performance of the products.
The chemically cleaned surface of steel barrel, special stoving enamel paints, high quality application of painting and paint baking give a cutting edge to YASHRAJ Composite barrels for excellent resistance to humidity, heat and sunlight.
CLIENTELE
Our client list includes leading companies in the government public sector undertakings, defence services and private sector companies. Few among our major customers are Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd, Indian Oil Corporation Ltd, IBP, Bharat Shell, Gulf Oil Corporation Ltd, Jubilant Organosys Ltd, Tide Water Oil Company India Ltd, Asian Paints Ltd, United Phosphorus Ltd, Reliance Industries Ltd, Micro Inks Ltd, Ranbaxy Fine Chemicals, Mitsu Ltd etc.
My Comments:
Yashraj Containuers is constantly showing great results and in last qr the NPM also went up.Need to see whether it get sustained or not.
Mcap of Yashraj Containuers is just 22 cr and sales is 112 cr means 5 times more then Mcap.Eq is tiny at 9 cr and hence looking excellent on fundamental front when we look at the earnings , its products and clintele list.
One of analyst who use to come on CNBC , not frequently, but use to come every 3-4 months or 2-3 months has taken stake in it and one can see his name in the SHP.I would not name him but would like to know from my readers who is he......He is there since 3-4 years and has not sold a single share uptill now.
Yashraj Containuer is looking good to me and I would recomend it as a buy as promoters are buying constantly from the market and I think in last couple of days they have lapped up some 1.75% shares from the market.
Well, friends I have given one more stock where one can invest at very early stage and reap benifits from it.
My call on CCAP Ltd which I gave on 4 th Dec at 41.70 touched 58 couple of days back and is still at 51 and that is a return of 40%.
Someone asked me that the stocks I recomends moves more because of market is moving up.It is not my picks that is good.If that is the case then he or anyone can pick any stocks and make millions.Anyone has that liberty to do that way.I have recomeded stocks in Mar 2009 when no one was ready to give a buy call for market or for any perticular stock.
I still say what I have written in past when market was bad and that I right it again.
It is easy to buy stocks when chips are down.It is always difficult to buy stocks when market is running or is good.When chips are down like we saw in 2008 all stocks were available at cheapest rate.L&T available at 557,Thermax available at 151 and many more like Siemens, Areva T&D,Alsthom Ltd ,Torrent Power etc ...these were A gr stocks where one has to just invest and forget...and I did recomeded in Mar 09. and one can see where they are now.
When market is good and when everything is running it is difficult to find stocks which are undervalued and that is what I am doing here......but if someone feels the otherway I can't help in anyway.Best thing is he should find stocks by himself and then buy it and see where it goes.I am not saying one can't do that.One can surely should be able to find stocks on his own and buy it.
(Ilango)
SCRIP = HIMADRI CHEM. (BSE),
SCRIP CODE = 500184,
PREVIOUS CLOSE = 392.05,
STOP LOSS = 361,
TARGET = 495.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR CLICK THE LINK ABOVE LIVE SENSEX WATCH.)
CHART AS ON 16-12-2009
WITH A CONSIDERABLE RISE IN VOLUMES, THE STOCK HAS GIVEN A FRESH BREAKOUT IN THE LAST TRADING SESSION. THE STOCK WAS IN CONSOLIDATION SINCE JULY.
THE MOVING AVERAGE, STOCHASTICS AND RSI SHOW A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT SUGGESTS THIS COUNTER GOOD FOR A SHORT TO MEDIUM TERM RANGE.
Yashraj Containuers is in containers and packaging sector.
Profile:
Starting with the manufacture of metal barrels, of 180 - 235 liters capacity, in the year 1993, YASHRAJ has grown to become one of the largest manufacturers of industrial packaging solutions in India with a wide range of standard and specialty steel barrels in different sizes and thicknesses with a choice of internal as well as external coatings and configurations. Since its birth, YASHRAJ has committed to Excellence through continual improvements in Customer service and product quality along with developments of new technologies and processes.
Easy access to raw materials manufacturers & customers, ready markets, fully automatic plant incorporated with latest engineering technology, well implemented quality management systems, innovative strategies give YASHRAJ significant advantages over its competitors.
Professionally well qualified, highly accomplished, experienced and committed personnel are the strength of this organization. Active participation of all employees in continual improvements and tackling real business problems helps them to learn practical insights and a pragmatic approach with a clear business focus, which in turn helps YASHRAJ to achieve its goals.
The Machine
YASHRAJ's strategically located fully automatic Steel barrel manufacturing plant at Daman is having an installed production capacity to manufacture 400 barrels per hour. The plant is equipped with machines from renowned manufacturers such as 'General Macchine Impianti s.r.l, Italy ( Main barrel manufacturing line), Thermax Ltd ( Barrel Pretreatment Line), Nordson Corporation, USA ( Hot Airless Spray Painting Systems), Deltax ( Electrical Resistance Welding Machine) etc.
Conveyors between each & every processes in barrel manufacturing, EOT Crane, Hoists and other low cost automations incorporated in the plant help to achieve minimum manual handling of raw materials, semi-finished and finished products.
Our properly designed finished goods storage space that can store 15000 barrels at a time and the designated trucks for barrel transportation are also playing their role in quality improvements.
Strict implementation of Total Productive Maintenance of plant and machineries helps to maximize processes reliability and optimum machine turn around & plant utilization capacity.
The Technology
Barrels are manufactured in our ISO 9001: 2000 Certified Daman plant under the dimensional and performance standards set by Bureau of Indian Standards, Indian Institute of Packaging, UN Performance Level or our Customers itself. "Electrical Resistance Seam Welding" technology (with an overlap of 2.2 mm) is used in Vertical Seam.The top & bottom lids are mechanically seamed to the body shell of barrel using "Triple Seam" technology that guarantee leakproofness of barrel.
"Three Stage External Barrel Pretreatment System" (which consists of Hot Degreasing, Rinsing and Passivation),there after water drying through oven ensure the elimination of dust, rust, grease, oil etc on the barrel surfaces before painting.
Hot Airless Spray Painting Systems, Paint Baking through a continuous oven and the barrel Cool - off system ensure safe performance of the product.
Specially selected and imported as well as indigenous barrel manufacturing machines equipped with Programmable Logic Control systems, aided by Siemens and Allan Bradly Softwares, ensure precise and fine control of the finished product properties.
QUALITY
Continual up gradation, implementation and strict Maintenance of world class quality has been the reason for YASHRAJ being a major success in the industry. We provide the best of our services to assist our customers to fulfill their requirements at a very competitive price through our design of custom made superior quality products and the use of special purpose manufacturing techniques.
This superior quality, the state-of-the-art processes and the committed work force has helped YASHRAJ to find a name for itself in the list of elite companies awarded the ISO, BIS and UN Certifications for its products and processes.
PRODUCTS
We offer various packaging options to our esteemed customers such as 'Closed Top' & 'Open Top' steel barrels in a range of sizes and thicknesses with a choice of coating for safe packing of materials for petroleum products and oils, chemicals and pesticide, paint and varnishes, food, pharmaceutical and hazardous chemical industries with a high degree of internal cleanliness, leakproofness and external appearances.
CLOSE TOP BARRELS
YASHRAJ Close Top steel barrels with a capacity of 216.5 liter, which are ideal for liquids, complies with IS 1783 standard or other major international standards for steel barrels as per customer requirement. These barrels also comply with stringent UN regulations for packing non-dangerous and dangerous goods in the packing groups 1, 2 and 3.
YASHRAJ steel barrels are provided with rolling hoops and thinner gauge steel barrels are provided with extra corrugations for better mechanical strength.
Electrical resistance seam welding of body shell, Triple seaming of top & bottom lids to the body shell and the superior quality systems checks implemented throughout all phases of barrel manufacturing processes ensure the best performance of the products.
Two openings of 2" & ¾" provided on the barrel allow easy and convenient filling and removal of materials. Gaskets ( rubber / nylon / plastic) on closures are provided depending up on the application of barrels at customer end.
Barrels are available in various sizes ranging from 180 to 235 liters and thickness of steel ranges between 0.8 to 1.25 mm along with a customer specification of external decorative paint coating which is resistant to humidity, sunlight and heat.
YASHRAJ barrels can be internally coated with a phenolic, epoxy-phenolic lacquer or a special coating in accordance with the customer requirement. Technical assistance is provided to customers to determine the suitable internal coating for their specific purpose. Different types of sealing compounds are used depending up on the compatibility of that compound with the product to be filled in the barrels while manufacturing barrels.
YASHRAJ offers special ISO barrels of 210 liter capacity For exporters, 80 of which can be stacked in one 20 foot freight container. G.I coated barrels are also supplied to customers for their specific purpose.
OPEN TOP STEEL BARRELS
YASHRAJ Open Top Steel barrels are suitable for storage and transportation of liquids, pastes and solid substances. These barrels comply with UN regulations for packing non-dangerous and dangerous goods in the packaging groups II and III. These barrels also comply IS 13997 standard or other major international standards as per customer requirement.
The full open top removable cover and closure ring allow easy filling and removal of all contents, including high viscous liquids and powders. The full open top removable cover can be provided with different gaskets and 2" & 3/4" closures . The barrels can be provided with a Lever type or Nut and Bolt type closure ring. Different types of lever in various sizes and steel thicknesses and rings of various steel thicknesses
can be provided as per customer requirement.
Electrical resistance seam welding of body shell, Triple seaming of top & bottom lids to the body shell and the superior quality systems checks implemented throughout all phases of barrel manufacturing processes ensure the best performance of the products.
Open Top Barrels are available in various sizes ranging from 180 to 235 liters and thickness of steel ranges between 0.8 to 1.25 mm along with a customer specification of external decorative paint coating which is resistant to humidity, sunlight and heat.
Open Top Barrels, provided with rolling hoops and corrugations depending on the thickness of steel used in fabrication, are available. Customer specified plain open top barrel with out any rolling hoop or corrugations are also available. In addition to that, YASHRAJ also offers internal coated (with epoxy lacquer), ISO container type and Zinc coated / Galvanized open top barrels.
COMPOSITE STEEL - PLASTIC BARRELS
YASHRAJ Composite barrels have a double shell protection. The inner is a blow moulded plastic liner made from virgin high density polyethylene. This is surrounded by high quality cold rolled steel to provide unrivalled protection.
Composite barrels, in a capacity of 210 liters, are designed for packing dangerous and corrosive materials. These drums comply with UN regulations and Indian Institute of Packaging standards.
Two openings with 2" plastic closures are provided on the top lid of such barrels for filling and removal of contents. Vent holes or 3 /4" closure is provided on the bottom lid of barrels.
Electrical resistance seam welding of steel body shell , Triple seaming of top & bottom lids to the body shell, best quality plastic liners and the superior quality systems checks implemented throughout all phases of barrel manufacturing processes ensure the best performance of the products.
The chemically cleaned surface of steel barrel, special stoving enamel paints, high quality application of painting and paint baking give a cutting edge to YASHRAJ Composite barrels for excellent resistance to humidity, heat and sunlight.
CLIENTELE
Our client list includes leading companies in the government public sector undertakings, defence services and private sector companies. Few among our major customers are Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd, Indian Oil Corporation Ltd, IBP, Bharat Shell, Gulf Oil Corporation Ltd, Jubilant Organosys Ltd, Tide Water Oil Company India Ltd, Asian Paints Ltd, United Phosphorus Ltd, Reliance Industries Ltd, Micro Inks Ltd, Ranbaxy Fine Chemicals, Mitsu Ltd etc.
My Comments:
Yashraj Containuers is constantly showing great results and in last qr the NPM also went up.Need to see whether it get sustained or not.
Mcap of Yashraj Containuers is just 22 cr and sales is 112 cr means 5 times more then Mcap.Eq is tiny at 9 cr and hence looking excellent on fundamental front when we look at the earnings , its products and clintele list.
One of analyst who use to come on CNBC , not frequently, but use to come every 3-4 months or 2-3 months has taken stake in it and one can see his name in the SHP.I would not name him but would like to know from my readers who is he......He is there since 3-4 years and has not sold a single share uptill now.
Yashraj Containuer is looking good to me and I would recomend it as a buy as promoters are buying constantly from the market and I think in last couple of days they have lapped up some 1.75% shares from the market.
Well, friends I have given one more stock where one can invest at very early stage and reap benifits from it.
My call on CCAP Ltd which I gave on 4 th Dec at 41.70 touched 58 couple of days back and is still at 51 and that is a return of 40%.
Someone asked me that the stocks I recomends moves more because of market is moving up.It is not my picks that is good.If that is the case then he or anyone can pick any stocks and make millions.Anyone has that liberty to do that way.I have recomeded stocks in Mar 2009 when no one was ready to give a buy call for market or for any perticular stock.
I still say what I have written in past when market was bad and that I right it again.
It is easy to buy stocks when chips are down.It is always difficult to buy stocks when market is running or is good.When chips are down like we saw in 2008 all stocks were available at cheapest rate.L&T available at 557,Thermax available at 151 and many more like Siemens, Areva T&D,Alsthom Ltd ,Torrent Power etc ...these were A gr stocks where one has to just invest and forget...and I did recomeded in Mar 09. and one can see where they are now.
When market is good and when everything is running it is difficult to find stocks which are undervalued and that is what I am doing here......but if someone feels the otherway I can't help in anyway.Best thing is he should find stocks by himself and then buy it and see where it goes.I am not saying one can't do that.One can surely should be able to find stocks on his own and buy it.
(Ilango)
There was a distinct tussle to stay above 5042(week ema).
Though Nifty took support at the channel support as well as 50DMA,
it was not a steady climb and it stayed quite below the 5DMA/EMA
but managed to close above the "Day Low ema"(5042).
As per EW internals, breach of 5092 may weaken the downmove.
5075-5085 will continue to be the resistance.
Tomorrow's Pivot @ 5037, below which it can fall sharply to the gap area..
Though Nifty took support at the channel support as well as 50DMA,
it was not a steady climb and it stayed quite below the 5DMA/EMA
but managed to close above the "Day Low ema"(5042).
As per EW internals, breach of 5092 may weaken the downmove.
5075-5085 will continue to be the resistance.
Tomorrow's Pivot @ 5037, below which it can fall sharply to the gap area..
SCRIP = HIMADRI CHEM. (BSE),
SCRIP CODE = 500184,
PREVIOUS CLOSE = 392.05,
STOP LOSS = 361,
TARGET = 495.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR CLICK THE LINK ABOVE LIVE SENSEX WATCH.)
CHART AS ON 16-12-2009THE MOVING AVERAGE, STOCHASTICS AND RSI SHOW A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT SUGGESTS THIS COUNTER GOOD FOR A SHORT TO MEDIUM TERM RANGE.
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