Simple Chart - Long Consolidation ( Flag Pattern ). Targets could be higher as well but taking it one by one due to overall market volatility.
Fundamentally : The company has declared Negative results for the last 7 consecutive quarters PAT(9M) At Rs 724.72 cr has Grown at -20.67 % INTEREST(9M) At Rs 286.57 cr has Grown at 21.09 % ROCE(HY) Lowest at 10.25
However looking at the chart, something has changed fundamentally which is why there is demand coming in from big players.
Specialty Chemical Outlook:- Anticipate good Agro Demand in Q4 with significant improvement over Q3
Fluorochem Outlook:- Q4 to perform significantly better ; Supported by higher HFC Volumes.
Packaging Film Outlook:- Demand -Supply imbalance to continue but will soften.
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