Sudarshan Chemicals looking to rotate and shineSudarshan Chemicals Industries Ltd is a global supplier of high-end pigments with a diverse range of products ranging from organic, inorganic and effect pigments to performance colorants, pearlescent pigments and speciality chemicals. Products of the company mainly use in Art and craft, paper, agriculture and textile.
Sudarshan Chemicals Industries Ltd CMP is 487.10. Negative aspects of the company are high valuation ( P.E. = 75.3), declining annual net profits, MFs are decreasing stake. Positive aspects of the company are low debt, improving cash from operations annuals, FIIs are increasing stake, zero promoter pledge.
Entry can be taken after closing above 498. Targets in the stock will be 520 and 542. Long term target in the stock will be 579. Stop loss in the stock should be maintained at closing below 458.
