Mahesh Chander Kaushik author of this best seller stock market book is an existing research analyst and passed NISM certification for research analysts. Author of this book also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 )
You find that in above article of vinyl chemicals I give a short term target 11+ which this stock achieved within eight days and traded @ 12.35 on 28 May 2016
But If you read my Chandu story from starting then you may know that Chandu does not sell his stocks below one year and after one year he will track target price with trailing stop loss watch this youtube video for more profound understanding of trailing stop loss:-
So if you download above excel sheet of vinyl chemical price list and carefully observe column O P and E, then you may understand that vinyl chemical was not hit his trailing stop loss yet so Chandu hold it since last three years.
CMP of Vinyl Chemicals (India) Ltd is 61.75 so Chandu is on 586% profits but due to my trailing stop loss strategy for stock in profits ( Which you watch in above youtube video) Chandu still holds this share and get three tax-free dividends during his last three-year holding.
Read part 3 of this story again where Chandu buy 524 shares of vinyl chemicals:-
Chandu gets 0.80+ 1.00+1.50= total 3.30 rupees per share dividends during last three years means Chandu earn 524*3.30=1729.20 tax-free dividend income on his initial investment of 5054 and market value of his investment is 524*61.75=32357.
This year Vinyl Chemicals (India) Ltd also declare 1.50 rupee per share dividend read this news here:-