DCW Ltd : Looks Promising

DCW Limited (DCW) is an India-based chemical company, which is engaged in the manufacture of caustic soda, soda ash and polyvinyl chloride (PVC) resin.

The Company’s segments include PVC, caustic, Synthetic Iron Oxide Pigment (SIOP), Soda Ash and Others. Its products include caustic soda, liquid chlorine, hydrochloric acid, beneficiated ilmenite, trichloroethylene, yellow iron oxide, ferric chloride, utox, PVC, soda ash, sodium bicarbonate and ammonium bicarbonate. Through its SIOP division, DCW also operates in the specialty chemical segment.

The Company produces Calcium Chloride at its SIOP Plant. The Company has manufacturing units at Dhrangadhra, Surendranagar District, Gujarat, and Sahupuram, Arumuganeri Post, Thoothukudi District, Tamil Nadu. The Company produces over 150,000 tons per annum (TPA) of industrial salt for captive consumption. It also runs a 36-megawatts (MW) furnace oil based Captive Power Plant and a 58.3MW coal based Cogeneration Plant.

Equity : 43.94 Cr
Promoters Holding - 48 %
Book Value - Rs. 29.80

Have been tracking the stock technically since some time. Today it made a new 52 Week High.

The Chemical Sector looks in a sweet spot with China issue and all Chemical stocks are rising with good prospects in future.

Please some one throw light on this stock.

I personally feel it will be 100 plus in one years time.

Disc : Have taken a small position today.

Experts your opinion and discussion needed for benefit of all.

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