Buy This FMCG Sector Mid-Cap Stock For Target Price Of Rs 200: ICICI Securities

Leading brokerage firm ICICI Securities has assigned buy rating to the stock of Jyothy Labs Ltd for a target price of Rs 200 apiece with a potential gain of 12% in a target period of 1 year. The mid cap company has a market capitalization of Rs 6,582 crore.

Jyothy Labs Ltd Stock Outlook

The current market price of the stock is Rs 179 apiece with a intraday decline of 1.13%. According to ICICI, if you invest in the stock at its current market price, it is showing an upside with a potential target price of Rs 200 apiece and it will reach the target price in a period of 1 year.

Jyothy Labs Ltd Market Capitalization And 5 Years Return

The company has a market capitalization of Rs 6,582 crore. The stock has fallen 16% in last 5 years, gained 15% in last 3 years, and gained 5% in last 1 year. 

Jyothy Labs Ltd 52-Week High/Low

The stock's 52-week high is Rs 198 apiece and 52-week low is Rs 130 apiece, respectively.

Jyothy Labs Ltd Quarterly Results

The company for the quarter ending June 30, 2022 announced a consolidate total income of Rs 610.43 crore, up 10.50 % from last quarter total income of Rs 552.44 crore. It has declared a net profit after tax of Rs 47.73 Crore in latest quarter.

Jyothy Labs Ltd About

Jyothy Laboratories Ltd came into existence on January 15 1992 as a private limited company. It was founded by M. P. Ramachandran in Thrissur Kerala in 1983. The Company is engaged in the manufacturing and marketing of fabric care dishwashing personal care household insecticides products and offers laundry and dry-cleaning services. Jyothy Labs Ltd operates in six segments that may include dishwashing, fabric care, insecticides, personal care, and laundry services, among others.

Disclaimer

The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.