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Buy Oriental Aromatics; target of Rs 424: Joindre Capital Services

Joindre Capital Services is bullish on Oriental Aromatics has recommended buy rating on the stock with a target price of Rs 424 in its research report dated January 15, 2019.

January 16, 2019 / 16:36 IST
     
     
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    Joindre Capital Services' research report on Oriental Aromatics

    Incorporated in 1961, OAL is one of the pioneers in terpene chemistry in India. It was the first company to set-up a Synthetic Camphor plant in India in 1964 with technology from Dupont, USA. OAL is the largest exporter of specialty aroma chemicals which finds application in a wide range of products including deo & perfumes, cosmetics, fabric care products and other personal care products. Fragrance chemical portfolio of OAL includes Astromeran, Astrone, Astrolide, Capinone, Dihydroterpineol, Dihydroterpinyl Acetate, Fenchone, Isoborneol, Isobornyl Acetate, Ketone 101, Terpineol, Terpinyl Acetate, Citwanene, Isolongifolene, Longifolene, Camphor. OAL is having three manufacturing units at Bareily U.P, Ambernath and Vadodara, Gujarat.

    Outlook

    Hence we believe that the OAL stock should be purchased at the current price for a price target of around Rs 424 over the next 18 months.

    For all recommendations report, click here

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    Broker Research
    first published: Jan 16, 2019 01:59 pm

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