Buy Gujarat Fluorochemicals, target price Rs 3066: HDFC Securities

HDFC Securities has buy call on Gujarat Fluorochemicals with a target price of Rs 3066. The current market price of Gujarat Fluorochemicals is Rs 2898.75. Time period given by analyst is Intra Day when Gujarat Fluorochemicals Ltd. price can reach defined target.

Gujarat Fluorochemicals Ltd., incorporated in the year 2018, is a Mid Cap company (having a market cap of Rs 31863.64 Crore) operating in Chemicals sector.

Gujarat Fluorochemicals Ltd. key Products/Revenue Segments include Other Products, Gases Refrigerant, Caustic Soda, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1100.76 Crore, up 6.26 % from last quarter Total Income of Rs 1035.88 Crore and up 25.77 % from last year same quarter Total Income of Rs 875.19 Crore. Company reported net profit after tax of Rs 218.50 Crore in latest quarter.

Investment Rationale
Price breakout is accompanied with rising volumes. Primary trend of the stock is bullish.

Promoter/FII Holdings
Promoters held 66.08 per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.19 per cent, DIIs 4.3 per cent.