Buy Finolex Industries, target Rs 680: Sagar Doshi
Buy Finolex Industries at a price target of Rs 680 and a stop loss at Rs 600 from entry point.
By ETMarkets.com |
Sagar Doshi of Edelweiss Financial Services has a buy call on Finolex Industries with a target price of Rs 680.
The current market price of Finolex Industries is Rs 628.1.
Time period given by analyst is Intra Day when Finolex Industries price can reach defined target.
Sagar Doshi recommended to keep stoploss at Rs 600.
Finolex Industries, incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 7760.93 Crore) operating in Petrochemicals sector.
Finolex Industries key Products/Revenue Segments include PVC Pipes & Fittings which contributed Rs 2216.87 Crore to Sales Value (74.20 per cent of Total Sales), PVC which contributed Rs 770.76 Crore to Sales Value (25.79 per cent of Total Sales), Power which contributed Rs .00 Crore to Sales Value (0.00 per cent of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 824.27 Crore, down 18.90 per cent from last quarter Sales of Rs 1016.35 Crore and up 23.78 per cent from last year same quarter Sales of Rs 665.93 Crore.
Company has reported net profit after tax of Rs 79.76 Crore in latest quarter.
The company’s top management includes Dr.Sunil U Pathak, Mr.Anil V Whabi, Mr.Dara N Damania, Mr.Kanaiyalal N Atmaramani, Mr.Prabhakar D Karandikar, Mr.Prakash P Chhabria, Mr.Sanjay K Asher, Mr.Sanjay S Math, Mr.Saurabh S Dhanorkar, Mr.Shrikrishna N Inamdar, Mrs.Ritu P Chhabria.
Company has P G Bhagwat as its auditors.
As on 30-06-2017, the company has a total of 124,095,381 shares outstanding.
The current market price of Finolex Industries is Rs 628.1.
Time period given by analyst is Intra Day when Finolex Industries price can reach defined target.
Sagar Doshi recommended to keep stoploss at Rs 600.
Finolex Industries, incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 7760.93 Crore) operating in Petrochemicals sector.
Finolex Industries key Products/Revenue Segments include PVC Pipes & Fittings which contributed Rs 2216.87 Crore to Sales Value (74.20 per cent of Total Sales), PVC which contributed Rs 770.76 Crore to Sales Value (25.79 per cent of Total Sales), Power which contributed Rs .00 Crore to Sales Value (0.00 per cent of Total Sales)for the year ending 31-Mar-2017.
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For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 824.27 Crore, down 18.90 per cent from last quarter Sales of Rs 1016.35 Crore and up 23.78 per cent from last year same quarter Sales of Rs 665.93 Crore.
Company has reported net profit after tax of Rs 79.76 Crore in latest quarter.
The company’s top management includes Dr.Sunil U Pathak, Mr.Anil V Whabi, Mr.Dara N Damania, Mr.Kanaiyalal N Atmaramani, Mr.Prabhakar D Karandikar, Mr.Prakash P Chhabria, Mr.Sanjay K Asher, Mr.Sanjay S Math, Mr.Saurabh S Dhanorkar, Mr.Shrikrishna N Inamdar, Mrs.Ritu P Chhabria.
Company has P G Bhagwat as its auditors.
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As on 30-06-2017, the company has a total of 124,095,381 shares outstanding.
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