Haldyn Glass

I have bought Haldyn Glass at 30/- . Please let me know ur view for a 2 year perspective..

 

Actually I am new to stock market.. based on some people suggested on moneycontrol.. I bought this share.. Also Syncom formula and Bengal & Assam.. .. Please provide your views on these stocks..

 

Thank you..

 

Very good analysis done by Dr. Vijay Malik for Haldyn Glass. As per his analysis

Reasons for my sell decision of Haldyn are also covered in your analysis. It was primarily due to subsidized gas supply cut enforced by GAIL. I analysed and found that if Haldyn continues to use the same amount of gas it had used in FY14, then each $1 of gas price hike would increase expenses by INR4cr. Such huge cost hike would be sufficient to wipe out the profitability of about INR 15-20cr. per year. In Oct. 2014, subsidized Gas was about $4-5 per mmbtu and market price was $12-14 per mmbtu.

The lobby fighting against the gas cut,South Gujarat Small Gas Consumers Association, does not bear very high influence. It could not affect the decision of gas supply cut. It resulted in plant shutdowns by most of the affected players. Haldyn cut capacity by 20%.

In Dec 2014 quarterly results, despite 20% capacity reduction and more than 50% fall in crude prices, Haldyn's fuel & power costs have increased. It means that company is yet to find solution of any alternate fuel, which can keep it competitive.

I believe that business dynamics of Haldyn have undergone a change since Oct. 2014 and past financial numbers, though good, may not reflect the future strength.

One should wait until the fuel arrangement issues are settled at Haldyn before making any investment decision in Haldyn.

Please refer the post for details:
https://www.drvijaymalik.com/2015/01/selecting-top-stocks-to-buy-part-10.html

Hope this help

 

New gas price to be $5.01 a unit from April 1


https://www.moneycontrol.com/news/economy/new-gas-price-to-be-36501unitapril-1-reports_1343518.html


I think this news will boost Haldyn Glass..

 

The company has delivered a poor growth of 3.44% over past five years.

 

dont blindly invest on suggestions and recommendations.
study the company, its business, business propects and after studying if u r convinced that the company has bright future then only invest.
investing on tips is dangerous and may wipe out your capital.

 

if u r new investor, buy established businesses.