Buy Meghmani Organics, target Rs 90.0 : Ashish Maheshwari

Ashish Maheshwari of Blue Ocean Strategic Advisors has a buy call on Meghmani Organics Ltd. with a target price of Rs 90.0 . The current market price of Meghmani Organics Ltd. is 63.6 Time period given by analyst is Medium Term when Meghmani Organics Ltd. price can reach defined target. Ashish Maheshwari recommended to keep stoploss at Rs 55
Meghmani Organics Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of ₹ 1567.85 Cr.) operating in Chemicals sector.

Meghmani Organics Ltd. key Products/Revenue Segments include Pigments which contributed ₹ 547.69 Cr to Sales Value (49.01 % of Total Sales), Agrochemicals which contributed ₹ 510.85 Cr to Sales Value (45.71 % of Total Sales), Others which contributed ₹ 35.74 Cr to Sales Value (3.19 % of Total Sales), Other Operating Revenue which contributed ₹ 23.18 Cr to Sales Value (2.07 % of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes Mr.Anand I Patel, Mr.Ashish N Soparkar, Mr.Balkrishna T Thakkar, Mr.Chander Kumar Sabharwal, Mr.Chinubhai R Shah, Mr.Jayanti M Patel, Mr.Jayaraman Vishwanathan, Mr.Kantibhai H Patel, Mr.Natwarlal M Patel, Mr.Ramesh M Patel, Ms.Urvashi Shah. Company has S R B C & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 254,314,211 shares outstanding.