Privi Speciality propending so special moves. Privi Specialty Chemicals Ltd. is the leading supplier and exporter of aroma and fragrance chemicals. The company expanded to manufacturing capacity of 50+ products to 40,000 tons per annum with a power of two manufacturing facilities situated in Mahad, Maharashtra and Jhagadia, Gujarat.
Privi Specialty Chemicals CMP is 1109.50. Negative aspects of the company are high valuation (P.E. = 194), declining annual net profits, declining cash from operations annual and MFs are decreasing stake. Positive aspects of the company are FIIs are increasing stake and zero promoter pledge.
Entry can be taken after closing above 1150. Targets in the stock will be 1198 and 1232. Long term target in the stock will be 1289 and 1357. Stop loss in the stock should be maintained at closing below 955.
