The manufacturer of Hydrogen Peroxide and Hydrogen Gas is experiencing a 90% price increase in Hydrogen Peroxide over the past two months, indicating the potential for significant short-term profit margins. Furthermore, they have demerged their main business and established a separate holding company for BBTC and Bombay Dyeing shares. Notably, the company has expanded its Hydrogen Peroxide production capacity by nearly 60%. Their primary raw material, Natural Gas, is witnessing declining prices.
From a technical perspective, the company has recently broken out of long-term monthly Gann levels and surpassed the monthly 50 SMA (Simple Moving Average). This suggests positive momentum and raises optimism for higher price targets, with Target 1 set at 2500.
From a technical perspective, the company has recently broken out of long-term monthly Gann levels and surpassed the monthly 50 SMA (Simple Moving Average). This suggests positive momentum and raises optimism for higher price targets, with Target 1 set at 2500.