Hot Chips: Chembond Chemicals

Chembond Chemicals BSE Code: 530871 Volume: 1290 CMP: Rs.193.35

A fairly unknown counter, Chembond Chemicals has been abuzz on the bourses. The company, which is listed only on the Bombay Stock Exchange, has interests in construction, chemicals, biotech and trading.

If you see the overall price data of this company of the last one month, the price has not corrected much despite the market being quite volatile. Sources in the broking community maintain that the counter would stay in momentum as some kind of announcement is expected from the company in the coming period.

Investors with short- to medium- term view can think of gleaning a profit from this counter. But the sources didnot rule out the scrip getting negatively affected in the current spell of volatility.

So, caution is advised and onl investors with high-risk appetite should take an exposure. The company has grown quite smartly over the last four years in the topline and the bottomline.

It has staged similar performance in nine months of this fiscal, almost equaling its FY07 performance.