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Trading Entry is Subjective: KOTHARI PETROCHEMICAL Last Friday, on 30th August, I recommended a buy on Kothari Petrochem at ₹235. While I had researched the stock fairly well, I later felt that waiting for a lower entry for a partial buy might have been a better strategy. However, since trading often revolves around momentum, the stock surged 10% today, reaching ₹261, where I booked profits for my clients. Lesson learned: Two traders can have different opinions on the same stock and both can be right, but ultimately the reward depends on how the market favors each position at the time, which at times has no relation to logic. BELOW WAS THE TRADE GIVEN Pls note, that I had by-mistakenly typed 257 as CMP instead of 235 then. Short Term Investment Call (1-2 Qtr) Script: Kothari Petrochemicals Ltd Website: https://www.kothariproducts.in/ Current Price: ₹ 257 Market Cap: ₹ 1420 Cr About: Incorporated in 1990, Kothari Petrochemicals Ltd is the manufacturer of Polyisobutylene. Polyisobutylene (PIB) is a synthetic rubber with applications in Automotive Industry | Adhesives and Sealants | Pharmaceuticals | Food Industry | Lubricants | Coatings | Construction | Cable Insulation | Aerospace | Personal Care Products. Kothari Petrochemicals Limited (KPL) remains the sole manufacturer of PIB in India for the year 2023-2024, satisfying approximately 91% of the domestic demand for conventional PIB Free cash flow growth rate: 35-150 % Our Assumption: 7-12% Fair Price: ₹ 425 (65%) Threats: Raw material sourcing, forex risks and competition from Korea, China and Japan. Plus Points: ZERO debt company with good growth in sales, eps and cash flow. Technical analysis: The stock has given a 9 year pattern breakout in an upside trend. You can expect the stock to consolidate for sometime around 208-215 level.