Buy Gwalior Chemical Industries - BSE 532764 short term

Gwalior Chemical Industries Limited

Recommendation: BUY

Stop loss: Rs104

CMP: 111.40 Target: Rs163

Gwalior Chemical Industries Limited is a producer of chemicals in India for agro-chemicals, pharmaceuticals, flavors and fragnance and dye and paint industries. The Company operates seven large chemical plants spanning over two chemical facilities located at Nagda (Madhya Pradesh) and Ankleshwar (Gujarat) in India. Gwalior Chemical Industries Limited’s business mainly comprises of manufacturing and marketing of chlorinated and sulphur chlorides ranges. Its range of chlorinated compound primarily includes chlorotoluene, and sulphur chlorides ranges. In the chlorotoluene range the primary products are benzyl chloride, benzal chloride and benzaldehyde and benzyl alcohol. In sulphur chlorides range the main products are thinly chloride, sulphuryal chloride and sulphurdichloride. It also manufactures and sells special Viscose Dye Pigments catering to the textile sector. In May 2008, the Company announced the incorporation of its two 100% subsidiaries,

http://www.gwaliorchemicals.com/

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Tags: buy, short term, Shortterm investment