Ace investor Vijay Kedia is known for investing in low-cost stocks that deliver great returns to its shareholders. However, if we look at the shares of Sudarshan Chemical, one of the Vijay Kedia Portfolio The stock, it has fallen more than 10 percent in the past month. However, stock market experts are of the opinion that this fall should be seen as a buying opportunity in this stock of Vijay Kedia as it is available at discounted price today.
According to stock market experts, Vijay Kedia’s portfolio stock has strong support. 570 per share level and it is looking very bullish on the chart. After the ban on Chinese imports, it is also expected to make gains in its pigment dye business. He said that the shares of Sudarshan Chemical may go up 775 levels in the next 3-6 months.
Advice to stock market investors to take advantage of this fall; Sumeet Bagdia, Executive Director, Choice Broking said, “This fall should be seen as a buying opportunity as the stock is looking positive on the charts. It has strong support. 570 and in the immediate short term, it could go up from 650 690 per share level. This stock can be bought at current levels for the immediate short term target of Rs. from 650 Maintaining a tight stop loss at 690 570 each.”
Highlighting strong fundamentals that could propel Vijay Kedia’s share price; Ravi Singhal, Vice Chairman, GCL Securities said, “Sudarshan Chemical is primarily in the business of agrochemicals, pigments and dyes. After the recent restrictions on Chinese imports, it is expected to turn a profit in the business of pigment dyes. Hence, my Advice is to buy this counter at current levels with a target of 3 to 6 months 725 to 775 per equity share level.”
Vijay Kedia’s stake in Sudarshan Chemicals
As per the Sudarshan Chemical shareholding pattern for the recently ended September 2021 quarter, Vijay Kedia holds one million shares of the company, which is 1.44 per cent of the total issued paid-up capital of the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
Never miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,