Buy Dhanuka Agritech, target price Rs 880: Axis Securities

Dhanuka Agritech Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3630.23 Crore) operating in Pesticides/Agro Chemicals sector.

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Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 0 per cent, DIIs 13.1 per cent and public and others 11.9 per cent.
Axis Securities has buy call on Dhanuka Agritech with a target price of Rs 880. The current market price of Dhanuka Agritech Ltd. is Rs 763.65 .

Dhanuka Agritech Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3630.23 Crore) operating in Pesticides/Agro Chemicals sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 442.39 Crore, up 18.34 % from last quarter Sales of Rs 373.85 Crore and up 10.04 % from last year same quarter Sales of Rs 402.03 Crore Company reported net profit after tax of Rs 70.09 Crore in latest quarter.

dhanuka

Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 0 per cent, DIIs 13.1 per cent and public and others 11.9 per cent.
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