Wednesday, 23 October 2013

Descon Oxychem Limited - Result for 1st Quarter 2013.

Descon Oxychem Limited announced its result two days back and it was a loss of Rs. 0.5 per share against my forecast of Rs. 0.4-0.5 per share. The basis of my forecast was increased Peroxide Prices which still stands. The result was possibly due to lower volumes as I had already highlighted in my posts.

If investors want to recoup their losses they should probably hold on till December result since apparantly the prices are holding up up till now and any seasonal factors for sales will be accounted for by then as well.


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