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Clean Science & Technology: Is it time to book some profit, post recent run-up?

Demand slowdown in Europe is a much bigger worry as we could sense from channel checks across the industry

September 21, 2022 / 11:20 AM IST
Clean Science & Technology: Is it time to book some profit, post recent run-up?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The stock price of Clean Science & Technology Ltd (CSTL; CMP: Rs 1,912; Market Cap: Rs 20,308 crore) has moved up by 28 percent since our recommendation three months back. However, in recent times, the macro backdrop has worsened on account of the energy crisis in Europe, slowdown in key economies and the case for further tightening of interest rates by central banks of advanced economies. This leads us to take a closer look at the business. (image) (image) European slowdown...

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