My calls on JB CHEMICALS (STILL A GOOD BUY)

Sep 23: JB Chemicals and Pharmacauticals (NSE: JBCHEPHARM) is a midcap blue chip with a very clean and healthy balance sheet and low P/E and with robust FY11 topline forecasts, is poised to scale back to its all time high by April 2011. Buy at 106 or below (using our proven strategy of progressive on-dip buying) for a target of 133 in 6 months (+25%).

Oct 27: Yesterday, JB CHEMICALS touched 130 and almost met my 6 month target of 133 in 1 month (call given at 106). Then it dipped to 122. One can add more on dips to 120; even fresh buys can be made. TARGET of 147 shortly.

Nov 10: JB CHEMICALS met my target and touched 147 on this date (see 52 week high on NSE).

Dec 03: It has retraced a bit and still looks to me good for fresh buys. BUY AT 135 FOR A 3-4 MONTH TARGET OF 162.