172@29@17@243!~!172@29@0@53!~!|news|business|stocks|accumulate-ghcl-target-of-rs-272-kotak-securities-3921261.html!~!|controller|infinite_scroll_article.php
Moneycontrol
Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-
Last Updated : May 02, 2019 01:47 PM IST | Source: Moneycontrol.com

Accumulate GHCL; target of Rs 272: Kotak Securities

Kotak Securities is bullish on GHCL has recommended Accumulate rating on the stock with a target price of Rs 272 in its research report dated April 30, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Kotak Securities' research report on GHCL


GHCL's Q4FY19 numbers were above our estimates on all parameters. Soda Ash segment continued with its strong performance, supported by tight demand supply in the domestic market resulting in outperformance. Strong operating performance, led to 44.3% YoY and 15.7% QoQ jump in PAT to Rs1.19 bn (vs estimates of Rs1.1bn).


Outlook


We maintain our Accumulate rating, with a revised target price of Rs272 (earlier Rs270), as we roll forward our multiple 6x (earlier 6.5x) to FY21E earnings.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on May 2, 2019 01:47 pm
Sections