I’m interested in buying shares of this company. High dividend yield compared to price/earnings ratio and steady OPM are some of my criteria for entry at the current p/e ratio.
It also has 4 star rated products which indicates that the quality of their products are high and they might get to a higher p/e if they increase product offerings while maintaining quality of product.
On a weekly, ADX/DMI indicator based technical analysis chart, Vardhman Acrylics has a buy signal.
I’m pondering going all in on this stock because it’s the only stock that is around 8 P/E, 4%+ dividend yield with reputable management and has a fresh buy signal on my technical charts.
The domestic industry has suffered material injury due to dumping of the product by these nations, according to a notification of DGTR. “Definitive anti-dumping duty…is recommended to be imposed for five years,” it said. The duty recommended is in the range of USD 114.97 per tonne and USD 212.98 per tonne.
Industry was waiting for this since a long time.
