Watchout for breakout - CHEMCON
Watch out for an immediate break out in this stock.
This is a fundamentally strong specialty chemical stock with an operating margin >30%. 75% percent of their business is in Pharma chemicals, which is a high margin business. As per earning calls, management seems to be confident of maintaining the margin and expect the business to grow multifold in coming years. Its trading at a low P/E of 17.5 while other pharma chemical companies trade at a P/E of about 50.
This is a fundamentally strong specialty chemical stock with an operating margin >30%. 75% percent of their business is in Pharma chemicals, which is a high margin business. As per earning calls, management seems to be confident of maintaining the margin and expect the business to grow multifold in coming years. Its trading at a low P/E of 17.5 while other pharma chemical companies trade at a P/E of about 50.
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