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Basically we are looking at caustic soda prices - they have gone up in US market and are currently ruling at USD 540-550 per tonne. Comparatively in India, the prices are still at USD 450. So we expect this price gap to be bridged, which will increase the operating margins and Gujarat Alkalies as such is already one of the largest players with integrated downstream capacities. Fundamentally it's a very sound company.
So we feel that it is a very good value pick. Apart from that, even China has started putting curbs on most of the chemical industries over there in view of the coming Olympics. So we feel that this company is going to benefit out of it and we expect a very good margin expansion in coming days because of rise in caustic soda realisations for this company
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i bought this today @189 i hope good return in 2 to 9 months.. any specific target for this time........
i also wann know view on ashoka leyland,,,, apollo typers, dewan finance, hind motors, uco bank.... if anybody studied this please give some future target for these... these all are in my portfolio.........
Linear Mode
29th November 2007, 06:43 AM
Gujarat Alkalies
