According to the latest results release DIPD has solved most of the problems with their Thai operations. There cost of production too seems to be gone down. And so they are again in the growth path.
Just glance through my expected numbers based on their historical results.
|Q2 15||Q3 15||Q4 15||Q1 16||FY 14/15||FY 15/16||FY 16/17 F|
|PAT to equity holders||132||23||- 79||270||1,112||346||1,313|
According to the technical charts at the moment it is very bullish with RSI of 64, Bull/Bear Power indicator of +2.8 and ROC of + 11.4.
The share has dropped to a low of 73 in March and since then has come till 100 level I suppose due to early release of financial results. In the same way it will move to 140/- 150 levels once you will got to see the Q1 of 16/17 results.
My advice is it is time for you now to add some into your portfolio with a medium term view. This stock with a forward PE of 4.5x is not a risk at all at this point in time.
Do your own analysis and decide.