DYNEMIC PRODUCTS LTD. - UPDATE

Dynemic Products recommended on 7th November 2014 @ 75.

::LINK TO RECOMMENDATION::

 

18-February-2015

Dynemic Products Ltd has informed BSE that the Company has undertaken and completed the expansion project in Unit I for manufacturing Sodium Naphthionate and N.W. Acid which are also basic raw material for the Companys product. The project has cost us Rs. 4.40 crores, the effect of which is seen in Finance cost of Quarter - 3 results. The commercial production of this expanded plant has been started.

This announcement is a small relief for shareholders, However there is nothing so bad with the company's results which the investor fraternity has failed to understand.

 

If someone feels that this flat to negative performance of Dynemic in this quarter is extremely bad and that is why Vidhi Dyestuff should be preferred over Dynemic then please check Vidhi Dyestuff's quarterly result for quarter ending December 2013 where Vidhi reported similar lackluster performance.

 

 

REMINDER: Check the blog tomorrow (i.e. 19th Feb 2015 at 3:20 PM) for a fresh value pick.