NOCIL Ltd., incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 2526.32 Crore) operating in Chemicals sector.
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The brokerage expects the stock to continue with its current up move and head towards Rs 169 levels in the coming sessions being the price parity with the previous up move (Rs 120-148) as projected from the current week low of Rs 140 signals upside towards Rs 169 levels.
ICICI Direct has given a buy rating to NOCIL with a target price of Rs 169. The share price moved up by 2.07 per cent from its previous close of Rs 150.05. The stock’s last traded price is Rs 153.15.
NOCIL Ltd., incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 2526.32 Crore) operating in Chemicals sector.
NOCIL Ltd. key Products/Revenue Segments include Duty Drawback which contributed Rs 8.41 Crore to Sales Value (0.80 % of Total Sales), Other Operating Revenue which contributed Rs 2.26 Crore to Sales Value (0.21 % of Total Sales), Scrap which contributed Rs 1.48 Crore to Sales Value (0.14 % of Total Sales) and Raw Materials which contributed Rs .39 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2019.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 106.51 Crore, down 49.92 % from last quarter Sales of Rs 212.66 Crore and down 53.61 % from last year same quarter Sales of Rs 229.59 Crore. The Company reported net profit after tax of Rs 11.95 Crore in latest quarter. Investment Rationale The brokerage expects the stock to continue with its current up move and head towards Rs 169 levels in the coming sessions being the price parity with the previous up move (Rs 120-148) as projected from the current week low of Rs 140 signals upside towards Rs 169 levels.
