Buy GHCL, target Rs 299: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on GHCL Ltd. with a target price of Rs 299.0 . The current market price of GHCL Ltd. is Rs 287.6 Time period given by the analyst is Intra Day when GHCL Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 284.
GHCL Ltd., incorporated in 1983, is a midcap company with a market cap of Rs 2801.89 crore. GHCL Ltd. key Products/Revenue Segments include Chemicals (Inorganic) which contributed Rs 1934.87 Crore to Sales Value (65.44 % of Total Sales) and Textiles which contributed Rs 1021.65 Crore to Sales Value (34.55 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 728.71 Crore, up 1.51 % from last quarter Sales of Rs 717.85 Crore and down -11.61 % from last year same quarter Sales of Rs 824.40 Crore Company has reported net profit after tax of Rs 82.15 Crore in latest quarter.


The company’s top management includes Dr.B C Jain, Mr.Anurag Dalmia, Mr.G C Srivastava, Mr.K C Jani, Mr.Lavanya Rastogi, Mr.Mahesh Kumar Kheria, Mr.Neelabh Dalmia, Mr.R S Jalan, Mr.Raman Chopra, Mr.Sanjay Dalmia, Mrs.Vijaylaxmi Joshi. Company has S R Batliboi & Co. LLP as its auditoRs As on 31-03-2018, the company has a total of 97,423,286 shares outstanding.