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Buy Aditya Birla Capital; target of Rs 140: Motilal Oswal

Motilal Oswal is bullish on Aditya Birla Capital recommended buy rating on the stock with a target price of Rs 140 in its research report dated August 03, 2022.

August 05, 2022 / 10:08 PM IST

"India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report.

 
 
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Motilal Oswal's research report on Aditya Birla Capital


Consolidated revenue grew 26% YoY to INR58.6b in 1QFY23. Consolidated PAT (after minority interest) grew 42% YoY to ~INR4.3b in 1QFY23. The management has been steadfast and has exhibited high agility in its journey towards its FY24 targets, a large proportion of which has either been achieved or will be over the course of FY23.



Outlook


We maintain our Buy rating, with a SoTP (Mar’24E) based TP of INR140, implying a potential upside of 32%.

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For all recommendations report, click here


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Aditya Birla Capital - 040822 - moti

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first published: Aug 5, 2022 10:05 pm
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