Feb 16, 2017 06:17 PM IST | Source: Moneycontrol.com
Buy Atul Ltd; target of Rs 2500: Dynamic Levels
Dynamic Levels is bullish on Atul Ltd has recommended buy rating on the stock with a target price of Rs 2500 in its research report dated February 15, 2017.
Dynamic Level's research report on Atul Ltd
Atul is a chemical conglomerate company serving about 5700 customers belonging to 31 industries across the world. With depth in science and technology, Atul manages almost all unit processes and unit operations to manufacture about 1380 products and formulations and has state-of-the-art facilities and processes to ensure safety and treatment of gaseous, liquid and solid pollutants.
The chemicals industry faced significant headwinds in 2015: a strong dollar, slowing emerging economies, malaise in Brazil, stagnation in Europe and Japan, and a cyclical downturn in the agricultural sector. In addition to having to operate in an unfavorable economic environment, many chemicals companies also found themselves the target of activist investor campaigns last year.
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