Camlin has target of Rs 74, says Aunali Rupani, Director of Arm Research.
Rupani told CNBC-TV18, "The Japanese company Kokoyu has bought almost 50.3% stake in Camlin with an average price of Rs 105 per share. Kokoyu is a 100 year old company with a top-line of close to USD 3.2 billion. They are expected to announce mandatory 20% open offer in September at a price of Rs 110. My target will be Rs 74 and stop loss at Rs 69." Click HERE to know the rules and follow the score cardDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!