ET CONTRIBUTORS G CHOKKALINGAM MD, Equinomics Research & Advisory I am holding 840 shares of CDSL at Rs 390 from July 2017 and 180 shares of Rain Industries at Rs 345. I am in a huge loss. Please advise on the future of these two stocks. —NEERAJ GUPTA Please hold CDSL for the long term. It is engaged in almost perennially growing business and after recent meltdown in the mid-cap stocks, it trades at attractive valuation of around 24 times current year earnings. You may hold Rain Industries with a target price of around Rs 220. I am holding Vardhman Holding at Rs 5,200, M&M at Rs 984 and Balkrishna Industries at Rs 1,350.What could be the prospects of these shares after two years? —ABHILASHA PALVE Vardhman Holding trades at an enterprise value, which is about 60% discount to value of investments in Vardhman Textiles and other investments. So hold it with a target price of around Rs 4,000. Hold M&M with a target price of around Rs 1,000 as the tractor industry is expect...

KOLKATA: National Aluminium Company (Nalco), the country’s largest public sector aluminum company, has entered into a joint venture with Gujarat Alkalies and Chemicals Limited (GACL) for setting up a caustic soda plant and a captive power plant at Dahej. The total investment in the project will be to the tune of Rs 1,789 crore. While Nalco will hold 40% equity in the project, the balance equity will be held by GACL. The proposed caustic soda plant will be 2.7 lakh tonnes per annum, while the captive power plant will have a generation capacity of 100 MW, an official statement issued by Nalco said. For Nalco, a navratna PSU under the ministry of mines the signing of a joint venture cum share holders’ agreement with GACL, a Gujarat government promoted company, is part of a backward integration initiative. While the alliance has been in the works for over two years, the two companies signed the agreement on Tuesday, June 23, 2015 at Nalco’s Corporate Office in Bhubaneswar. On the oc...

Price trend According to the Commodity Analysis System of toodudu, the price of flake caustic soda had slightly increased this week. At the beginning of the week, the average market price was 3,262.5 RMB/ton, while on the weekend, the average market price was 3,287.5 RMB/ton, with a price increase of 0.77% and a year-on-year decrease of 26.4%. The market maintained an upward trend this week. Upstream caustic soda According to the Commodity Analysis System of toodudu, the price of caustic soda had stabilized this week. At the beginning of the week, the average market price in Shandong was 737.4 RMB/ton, and on the weekend, the average market price in Shandong was 742 RMB/ton, with a price increase of 0.62% and a decrease of 31.3% compared to the same period last year. Market outlook Analysts from toodudu believe that the overall price of flake caustic soda had increased this week, and the supply of parking and maintenance services by manufacturers in the northwest region had decrease...