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Guj Heavy Chem

Silver Member

2297 Messages

Very well explained by the management that it is best to sell when there are people willing to buy it from you. Two years ago they said that probably they would have got 50 - 60 % of what they are getting now. Also its best to focus on what you are good at. And in the last 15 year they have never really managed to make a lot of money from their home textiles businesses. So according to me also its best they sell this off. I think the only reason the GHCL stock could be depressed is that now due to this the demerger process would be pushed back by 6 months. However from a long term investor nothing really changes. In fact it only becomes better with the company only sticking to the Soda Ash and Spinning business. Jalan also said the replacement cost of their Spinning businesses with about 2 lakh spindles would be about Rs 1100 crore including their solar power for it.

1.17 PM Dec 7th
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