Any views on the open offer?
This open offer at 847/share by Shiva performance materials pvt ltd is believed to be linked to the current leadership team at INEOS. This open offer gives more confidence of underlying strength of the business.
It bodes well for the stock price which can rise further from current levels. Q2FY23 results will be declared on 11-Nov-2022 and are expected to be decent. Over all, stock is available at 4X which is very cheap at current price. Downside is limited with potential for re-rating.
Styrenix ( previous Ineos) declared Rs 80 dividend today on CMP 840