Techno Funda Stocks Recommendations -14 th May 2016
Camlin Fine Sciences Ltd CMP : 98.75 BUY range 96 - 100 Stop Loss 90 Target Price 122 Potential Upside/Downside +23% About the company: Camlin Fine sciences (CFIN) came into existence after its demerger from Camlin Ltd in December 2006. It is one of the leading manufacturer of food‐grade antioxidants in the world. CFIN operates into three major segments– antioxidants, performance chemicals (through its acquisition of Borregaard, Italy) and aromatic (which is a new segment). Almost 56% of sales comes from Antioxidants, 23% from performance chemicals, 20% from Borregaard, Italy and 1% from Aromatic. Period Simple Exponential MA5 99.76 Sell 99.14 Sell MA10 98.68 Buy 99.43 Sell MA20 100.13 Sell 98.46 Buy MA50 93.87 Buy 96.50 Buy MA100 94.96 Buy 95.95 Buy MA200 98.39 Buy 96.54 Buy Buy: 8 Sell: 4 Summary: BUY 1) Stock was depicting d...