Profit dips. Growth seen. Buy Thirumalai Chemicals on dips & hold 1 year.
Stock has recommended Rs. 20 dividend per share and has split FV to 1 from 10.
Stock growth is visible with target of 3000 in a year and 5000 in 2 years. Stock Price 2000. Add on dips towards 1800. SL 1700 on closing basis.
Stock to range 1800-2400 for next 3 months. It may stay in tight range 1900-2100 also.
Earlier call on Thirumalai Chemicals: