Bodal Looking Bold. Might be Oversold.

Bodal Chemicals Ltd. is a company that is into the sector of specialty chemicals. Bodal produces dyes and other related chemicals. It’s CMP is 83.4. Negatives of Bodal Chemicals are that their promoters are decreasing stake and quarterly net profits are decreasing. Positives are that they have low debt, FII’s are increasing stake and net cash flow is improving. Fresh entry in the stock after closing above 86 closing. Compounding above 90.25 closing. Targets 95 and 104. Stop Loss to be maintained at closing below 76.