Buy Kronox Lab Sciences; target of Rs 240: Profitmart

Profitmart research report on Kronox Lab Sciences

Kronox Lab Sciences Ltd (KLSL) was incorporated as 'Kronox Lab Sciences Pvt. Ltd on November 18, 2008 & manufactures High Purity Speciality Fine Chemicals for diversified end user industries which include pharmaceuticals, scientific and laboratory research, nutraceuticals, biotech, agrochemicals, personal care, metallurgy and animal health KLSL has a aggregate installed capacity of 7,242 TPA, which are situated at Vadodara in Gujarat close to the seaports of Mundra, Kandla, Hazira and Nhava Sheva.

Outlook

Looking at KLSL’s steady financial track record, strong business domain and dominant market share and strong promoters we expect the stock to get re rated in future. Hence we believe that the KLSL stock should be purchased at the current price for a price target of around Rs 240 over the next 12 to 15 months.