Dear fellow boarders, I had bought Orchis Chemicals in 2004, again in 2006 at Rs. 230/- level.
I have been painfully holding on till now so that one day I may get back my invested amount if nothing else.
What is the sincere opinion of the wise guys!! Should I hold as I am seening a UC today. Will it reach 250/- in the near future. I feel that the upside is on the news of Piperacillin Nod by the us FdA. Please advise.
Regards
Doctor Mittal
This is a good company and not less than any other Pharma company in India. This is a living example of effects overleveraging equity. We can see 250 clearly and beond also is possble in long term. You can buy now to average out and to get your money back faster.
Dear Friend,
I am sailing in the same boat . Have purchased 300 @ 370/= in 2005 with intentions that it will reach 500
But Bad luck , suffered only with pains and agony. To me this scrip has given me thornes and nothing else.
Significant U turn in fundamentals.This is only the stock by which you can recover all your money which u lost in this stock mkt, whith in a week time.This will reach 245/- this week easly.so dont think more as this is still more to go and its 52 week high is 229/- till this rate you can trade easly to get windfall profits.december target is 375/- atleast.
Buddy, you should have averaged it out when it fell to around 50. I did the same with lot of my shares that were purchased at higher price and some of them are more than double now. If you have money, you can still average it out when some correction comes. Cheers
Orchid Chemicals is up 25% because it has got a US Food and Drug Administration (USFDA) nod for abbreviated new drug application (ANDA). Company`s Managing Director, K Raghavendra Rao, said, Orchids is the only company to get this approval. We have also been granted 180 days drug exclusivity.
The addressable market is about USD 450 million for Orchid.
Orchid stock will cross 200 very soon. Next quarter results will be in good profit.
Start living in reality my friends .. this stock is up more than 50% in last one month .. what you expect? ... Book some profit and invest in counters which still have to move.. otherwise be invested but with a long term view on the counter ... Stock market is an investment avenue and not a casino... you will lose much faster than you expect to gain from here..
That is the sane advice as I see people just going over board not knowing the fundementals of the company. If it crosses 275 it would e a huge suprise. Would advice all the very very optimistic boarders to PLEASE READ ITS BALANCE SHEET.......... Please be down to eart my friends.
some punawala has buyed 10% stake in this company and may go for 14.9% and openoffer or company takeover may come,thats all was saying pradeep sureka on zeebuziness today at 8.47 am.he is very loyalist and true speaking person.i watched him many times and his advices benefited me much more in trading.according to him orchid may touch 300+ level in coming days,so remain invested.
Punawala has bought 10.35%; but he has clearly mentioned that he has no intention of increasing it beyond 15% there by attracting open offer. He has clearly stated that he would support the promoters in case of need. The bought around 1.53% in last week only to average his stock bought at higher levels earlier. He sure, sensed a strategic investment.
| NIFTY 
