GFL currently has corrected in anticipation of poor quarterly numbers and that event now seems out of the way. Going ahead, battery chemicals and new fluoropolymers are likely to be the growth drivers. In the near term there might not be too much excitement, but if one things 2-3 quarters down the line, LiPF6 plant is likely to come on stream in a quarter or two and new fluoropolymers also should start contributing.
At the time of buying, we have to be clear which type of position we are taking. Here, in case of GFL its more to do with fundamental improvement likely to play out in the medium term. So if we are buying with that premise, we have to give time for the stock to perform.
Best thing to do in these kind of situations is to build up positions gradually because in near term price action may not be too much.
@Naresh_Bordia In case of Natco in near term, most of the good news is out. For me it was always an opportunistic bet and having got decent returns I have exited. At the time of buying, the technical target was around 900 which has been achieved.
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