The company has obtained in-principle approval from the Department of Food and Public distribution, for its expansion under the central government scheme, extending financial assistance to mills for enhancement and augmentation of Ethanol production capacity.
The consolidated total income grew to Rs 3,671.40 crore for the January-March 2019 quarter from Rs 3,378.43 crore registered a year ago.
The Chennai-based company had clocked a net profit of Rs 300.38 crore in the same quarter of last fiscal, according to a BSE filing.
Axis Direct is bullish on EID Parry has recommended buy rating on the stock with a target price of Rs 520 in its research report dated November 20, 2017.
Ashwani Gujral of ashwanigujral.com recommends buying GAIL India, BASF, Bharat Forge, Ashok Leyland and EID Parry.
Ashwani Gujral of ashwanigujral.com recommends buying India Cements, TV Today and EID Parry.
Ashwani Gujral of ashwanigujral.com suggests selling Reliance Capital and Interglobe Aviation and advises buying EID Parry.
Ashwani Gujral of ashwanigujral.com recommends buying Central Bank of India, Motilal Oswal, Raymond, V-Guard Industries and EID Parry.
Vishal Malkan of malkansview.com recommends buying Vedanta with a target of Rs 328 and Bata India with a target of Rs 720.
Ashwani Gujral of ashwanigujral.com recommends buying EID Parry, Zee Entertainment Enterprises and Gujarat State Fertilizers & Chemicals.
Rakesh Bansal of RK Global advises buying Anant Raj with a target of Rs 74.
The Nifty too is chasing 10,000 level which is likely to act as stiff resistance for the index and market should cool off post the event, suggest experts. However, a major decline is not something which analysts’ see unless it gets triggered by a global event.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Capital, Reliance Infrastructure, Future Lifestyle Fashion, Motilal Oswal and EID Parry.
Mitessh Thakkar of miteshthacker.com recommends buying Kajaria Ceramics, Muthoot Finance, Aegis Logistics and EID Parry.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy State Bank of India, Titan Company and EID Parry and sell Kaveri Seed Company and Tata Motors.
Ashwani Gujral of ashwanigujral.com advises buying Delta Corp, Power Grid and EID Parry.