HIL has been quite an enigma for me – company delivers decent results but no one seems to care because of the asbestos overhang. I cut my exposure at about 680 and hold a smaller quantity not because I do not believe in the business but because of my conviction that the valuation gap will never get corrected as institutions stay away from this stock because of the asbestos overhang.
on PVC, at theri scale, I see no reason – infact, CFO told me last year they did about Rs. 35 Cr. and this year they will do Rs. 70 Cr. or so without too much effort.
discl : invested but trimming.
| Subscribe To Our Free Newsletter |
