DSIJ Mindshare

Coffee Can Investing Strategy depends upon an individual’s perspective about the market, knowledge about the stock market and foresight used to select the stocks.

The company's production capacity of IPA is already among the highest in the industry. With an installed capacity of 70,000 MTPA, it dominates the industry with a 75 per cent market share in IPA manufacturing.

Following gains in auto and IT stocks, domestic benchmark indices ended today's trading session on a positive note with Sensex gaining by 429.25 points or 1.21 per cent to close at 35,843.70 levels while Nifty increased by 121.65 points or 1.17 per cent to settle at 10,551.70.

Overall, with one segment having an adverse forecast and exposure to the commercial vehicle class (38 per cent of total revenues), the outlook is still looking grim for the company. The stock is already trading at its multi-year low.

The market opened in the green on July 2, 2020. The previous trading session witnessed the Sensex going up by 498.65 points to end at 35,414 and the Nifty was up 127.95 points to close at 10,430 .