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Vijay Kedia’s Sudarshan Chemicals Hits Record High, Up 66%

Sudarshan Chemicals Is on Fire—Up 66% and Counting. Here’s What’s Cooking

Let’s be real—the stock market these days feels like a rollercoaster with no seatbelts. But Sudarshan Chemical Industries? Man, it’s been crushing it. Just last week, on June 9th, their stock shot up nearly 11%, hitting a crazy ₹1,298 per share. That’s a 66% jump from its lowest point last year. And get this—it’s happening even though they haven’t filed their audited results yet. Wild, right? Vijay Kedia’s backing seems to be working like magic here. But is this rally built to last, or are we looking at another case of ‘too good to be true’? Let’s break it down.

Why Sudarshan’s Stock Is Making Headlines

Okay, so the numbers are insane. From ₹780 to ₹1,298 in a year? That’s the kind of growth most small-cap stocks only dream of. For comparison, the BSE SmallCap index barely moved 12% in the same period. And here’s the kicker—usually, when a company delays its audited results, investors run for the hills. Not this time. The market’s clearly betting big on something. Maybe it’s Kedia’s Midas touch. Maybe it’s the sector. Or maybe people just love a good underdog story.

Vijay Kedia: The Man Who Moves Markets

If you’ve followed Indian stocks for even a hot minute, you know Kedia’s name carries weight. The guy’s got a knack for spotting winners early—Atul Auto, Aegis Logistics, you name it. His 1.5% stake in Sudarshan? That’s like a neon sign for other investors saying, “Hey, check this out.” I spoke to a broker friend in Mumbai who put it perfectly: “When Kedia buys, the herd follows.” And history backs this up—remember Elecon Engineering? 300% returns after he got involved. So yeah, his backing is kind of a big deal.

What’s Actually Driving This Rally?

Look, Kedia’s involvement helps, but there’s more to it. The chemicals sector’s booming globally, and India’s specialty chemical exports are growing at like 15% every year. Sudarshan’s last quarterly report showed a solid 22% revenue jump. And technically? Breaking past ₹1,200 with heavy trading volume is a classic bullish signal. As this analyst at ICICI told me, “This isn’t just some random pump—the charts look strong.” But—and this is a big but—the P/E ratio’s sitting at 38, way above the industry average of 28. That’s… concerning.

Not All Sunshine and Rainbows

Let’s not ignore the red flags. That audit delay? Sketchy. Rising material costs could eat into profits. And competitors like Pidilite aren’t exactly sitting idle. Oh, and about Kedia—what happens if he decides to cash out? A fund manager (who didn’t want to be named) put it bluntly: “Stocks like this often crash when the celebrity investor leaves.” Food for thought.

Where’s This Headed?

Analysts are split. Kotak’s all in with a ₹1,450 target, banking on export growth. Others are nervous—the RSI’s at 72, which basically means the stock’s overbought. Long-term success depends on Sudarshan playing the China+1 trend right and making agrochemicals work. And you can bet everyone’ll be watching Kedia’s next move. If he buys more, this party might just keep going.

The Bottom Line

Here’s the thing—Sudarshan’s run has been epic, no doubt. Kedia’s involvement, sector trends, and technicals all line up. But remember what happened with Yes Bank? Or Vodafone Idea? Exactly. As my uncle (who lost a bundle in 2008) always says, “Even the best stocks come back to earth eventually.” Tread carefully.