Buy Anupam Rasayan India, target price Rs 850: IIFL

IIFL has buy call on Anupam Rasayan India with a target price of Rs 850.The current market price of Anupam Rasayan India Ltd. is Rs 813.75. Time period given by analyst is Intra Day when Anupam Rasayan India Ltd. price can reach defined target.

Anupam Rasayan India Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 8035.26 Crore) operating in General sector.

Anupam Rasayan India Ltd. key Products/Revenue Segments include Chemicals (Others) for the year ending 31-Mar-2020.



Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 237.97 Crore, down -13.20 % from last quarter Total Income of Rs 274.16 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 32.12 Crore in latest quarter.

Investment Rationale
Stock has given a consolidation breakout on the hourly chart

Promoter/FII Holdings
Promoters held 65.4 per cent stake in the company as of 30-Sep-2021, while FIIs owned 6.27 per cent, DIIs 2.92 per cent.