Buy Nilkamal, target Rs 1720.0 : Kunal Bothra

Kunal Bothra of Independent Analyst has a buy call on Nilkamal Ltd. with a target price of Rs 1720.0 . The current market price of Nilkamal Ltd. is 1606.1 Time period given by analyst is Intra Day when Nilkamal Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 1550
Nilkamal Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of ₹ 2396.71 Cr.) operating in Plastics sector.

Nilkamal Ltd. key Products/Revenue Segments include Plastic Articles which contributed ₹ 2080.14 Cr to Sales Value (99.29 % of Total Sales), Sale of services which contributed ₹ 6.84 Cr to Sales Value (0.32 % of Total Sales), Other Operating Revenue which contributed ₹ 5.20 Cr to Sales Value (0.24 % of Total Sales), Scrap which contributed ₹ 2.66 Cr to Sales Value (0.12 % of Total Sales) and Others which contributed ₹ .01 Cr to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes Mr.Hiten V Parekh, Mr.K R Ramamoorthy, Mr.K Venkataramanan, Mr.Mahendra V Doshi, Mr.Manish V Parekh, Mr.Mufazzal S Federal, Mr.Nayan S Parekh, Mr.S K Palekar, Mr.Sharad V Parekh, Mr.Vamanrai V Parekh, Ms.Hiroo Mirchandani. Company has Vora & Associates as its auditors. As on 30-06-2017, the company has a total of 14,922,525 shares outstanding.