Query Trends: DCW

Query: I am holding 2000 shares of DCW, priced @ Rs.34.80. The third quarter results of the company execellent. At what price should I exit from the stock and what could be the time period. Santosh Kaliswal

Thebullishtrends: DCW share price closed yesterday at Rs.25. It is true that DCW has posted very good results. It revenues improved by 72% for the quarter ended Dec'08. Now DCW is planning to offer shares to QIBs. Caustic soda facility converted to membrane cells process leading to increase in capacity from 60,000 MTPA to 100,000 MTPA of the company and the PVC segment delivers excellent contribution to overall financial performance owing to higher production and better realisations. and DCW's Co-generation thermal power plant is expected to be operational by Q4 FY2008 at Sahupuram unit in Tamil Nadu . Total income has higher by 72.8% to Rs 2,135.6 million from Rs 1,235.7 million.

You need to wait till the company announces the issue price to QIBs. As long long as any company performs you can hold those company shares. Please wait till you get the QIB offer price to exit from this counter.