JM Financial Sees 54% Upside In This Specialty Chemical Stock In 12 Months, Suggests Buy

Leading brokerage JM Financial is bullish on specialty chemical stock, Anupam Rasayan India Ltd. The analyst has given buy call to Anupam Rasayan India Ltd with a target price of Rs 1180 apiece with a potential return of 54%. JM Financial has given a time period of 1 year when the stock will reach the specified target price of Rs 1180. The company has a market capitalisation of Rs 8199 crore. Check key takeaways below:

1. Anupam Rasayan India Ltd Stock Outlook

The current market price of Anupam Rasayan is Rs 765 apiece with 52-week high at Rs 1106 apiece and 52-week low at Rs 547 apiece, respectively.

2. Anupam Rasayan India Return

The stock has given a return of 45% in last 5 years, and declined 5% in last 1 year. It has fallen 7% in last 6 months and 4% in last 3 months. The stock has given positive return of 2% in last 30 days and almost 2% in last 1 week. It is a company with high TTM EPS growth and there is no apparent threat to this stock.

3. Anupam Rasayan India Latest Quarterly Results

The stock for the quarter ended September 30, 2022 declared a consolidated total income of Rs 383 crore, up 29% from last quarter total income of Rs 297 crore. It declared a net profit after tax at Rs 47 crore in the latest quarter.

4. About Anupam Rasayan India

Anupam Rasayan India Ltd is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India. It seeks to manufacture products with sustainability using its continuous process technology through flow chemistry and photo chemistry, greater R&D and engineering capabilities, according to its official website.

It has six manufacturing sites that are located in the state of Gujarat: 4 sites are in Sachin, Surat and 2 state of art sites are in Jhagadia, Gujarat.

Disclaimer

The stock has been picked from the brokerage report of JM Financial . 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.