Tech Call, Sept 12: Prabhudas Lilladher Recommends Chemical Stock To Buy, TP Rs 105

Brokerage firm Prabhudas Lilladher, in its September 12 report, assigned buy call to small cap stock operating in chemicals sector, Meghmani Organics Ltd with target price of Rs 105 apiece. The analyst has recommended investors to keep stop loss at Rs 84 apiece. Current market price of Meghmani Organics share is Rs 87.06 per share with intraday fall of 3.37% on BSE. If you buy Meghmani Organics share now, you can get likely return of 20.6%. Check details below:

Meghmani Organics Stock Performance & Return: Current market price of Meghmani Organics stock as on September 12, 2023 is Rs 87.06 per share. Its 52-week high price is Rs 135.90 per share and 52-week low price is Rs 75.26 per share, respectively. It has a market capitalisation of Rs 2214.06 crore. Meghmani Organics shares offered 6% return in last 1-month, fell 31% in last 1-year, and again declined 25% in last 2-years.

Meghmani Organics Financials: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 432.78 crore, down 25.73% as against its last quarter total income of Rs 582.68 crore. It announced its latest quarter net profit after tax at Rs -34.50 crore.

Meghmani Organics About: It is a leading agro-chemical manufacturing Company with significant presence worldwide. It customer base includes prominent MNC's and extends to more than 75 countries globally. It manufactures three broad categories of Agrochemical products, namely, pesticide intermediates, technical and formulations. Our agrochemical products find primary application in Crop Protection, Veterinary, Public Health and Wood Protection.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. 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.