Tatva Chintan Makes Rock Star Debut, Doubles Investor Wealth

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Tatva Chintan Makes Rock Star Debut, Doubles Investor Wealth

By Aditya Raghunath

Investing.com -- As expected, Tatva Chintan Pharma Chem Pvt Ltd (NS: TATV ) had one of the best listings on the stock market ever. It closed at Rs 2,312.2, an increase of over 113% from its issue price of Rs 1,083. It hit an intraday high of Rs 2,486.3.

It beat GR Infraprojects that gained 108.7% and Indigo Paints that gained 109.31% on their debuts in 2021.

The stock has excellent fundamentals and healthy financials. Most market experts have said that investors with a long-term perspective should continue to hold on to the stock while short-term investors can book partial profits.

Tatva Chintan is a specialty chemicals company and is one of the largest manufacturers of structure-directing agents (SDAs) in India. It also manufactures phase transfer catalysts (PTCs), pharmaceutical and agrochemical intermediates, and other specialty chemicals.

Apart from India, its products are exported to 25 countries across the world including the USA, Germany, South Africa, China, and the UK. An IPO note by HDFC (NS: HDFC ) Securities said, “During the Fiscals ended March 31, 2018, 2019 and 2020, and in the nine months ended December 31, 2020, exports of products accounted for 64.99%, 69.57%, 76.74%, and 70.72%, of its revenue from operations, respectively.”

Tatva Chintan has grown its revenue at a CAGR (compounded annual growth rate) of 21.7% during the last three fiscals, from Rs. 2,068.01 million in FY19 to Rs. 3,062.92 million in FY21.

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  • ASHTA LAKSHMI @ASHTA LAKSHMI
    hey Begger Deltaditya, u buy everything, cz always do paper trade, if u real trader then post ur trading P/L account..dnt drag retail investors. they knw whitch one to buy whitch one to sell..
    Like 0
  • sushil adwani @sushil adwani
    sold 13 shares at 2350 .will further pick up at lower price
    Like 0
  • sushil adwani @sushil adwani
    sold 13 shares at 2350 ..will further pick up at lower price
    Like 0
  • jayesh borwankar @jayesh borwankar
    Please leave the package by the door. Thanks!
    Like 0
  • Pious Alapatt @Pious Alapatt
    Sold 2 Nos. as pilot transaction.Balance 11 Nos. in allotement of 13 should be kept for long term or what?- Wait & watch. Or to be sold range in one week time and accumulate when price drops down.Opinion highly appreciated
    Like 1
    • Pious Alapatt @Pious Alapatt
      Sold 2 Nos.2,399/-11 Nos. to be sold  2,500/-   to   2,600/- Range in one week time.Further accumulate when price dropped.
      Like 0
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  • Gautam Jain @Gautam Jain
    Holding!
    Like 0

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