I have covered Adi Finechem at Rs 70. the stock moved above Rs 300 and now corrected to Rs 200. i think you should not bottom fish in Adi finechem at this point of time. There are concerns about the company like – why they sold the stake at less than CMP (when deal was announced); Tocopherol (key product) is downturn and there is still no signs of revival in that (no way of tracking the prices of this; have to rely on management’s commentary)
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