Along with Greenpanel the listed MDF players. There is a shift from marine ply to MDF among developers which will benefit them in a big way. (Have shared a buy in the past too)
They have a new plant which got commissioned recently. Now they are confident and taking fund houses for plant visits which means the plant is running in full swing.
Currently its a short term play but buy at current market price with target at 515 SL 460.
Its not great risk:reward but once it hits 510 the SL can be shifted to 480 and let it run.
There could be some good out performance going forward.
They have a new plant which got commissioned recently. Now they are confident and taking fund houses for plant visits which means the plant is running in full swing.
Currently its a short term play but buy at current market price with target at 515 SL 460.
Its not great risk:reward but once it hits 510 the SL can be shifted to 480 and let it run.
There could be some good out performance going forward.
