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Buy NOCIL; target of Rs 96: Prabhudas Lilladher

Prabhudas Lilladher is bullish on NOCIL has recommended buy rating on the stock with a target price of Rs 96 in its research report dated June 30, 2020.

August 26, 2020 / 06:24 PM IST

Prabhudas Lilladher's research report on NOCIL

We lower our FY21/22E earnings estimates by 19/1% to factor in near term weakness in volumes. While near term demand slowdown in China and India is a concern, long term opportunities remain impressive. Nocil with new capacities commissioned is poised to benefit from improvement in global rubber chemicals market.


Reiterate BUY with a PT of Rs96 (unchanged) based on 15x PER FY21E.


For all recommendations report, click here

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Broker Research
first published: Jul 2, 2020 01:52 pm
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