Buy Sudarshan Chemical Industries, target price Rs 611: HDFC Securities

HDFC Securities has buy call on Sudarshan Chemical Industries with a target price of Rs 611. The current market price of Sudarshan Chemical Industries is Rs 571.85.

Time period given by analyst is 2 weeks when Sudarshan Chemical Industries Ltd. price can reach defined target.
Sudarshan Chemical Industries Ltd., incorporated in the year 1951, is a Mid Cap company (having a market cap of Rs 3989.91 Crore) operating in Chemicals sector.


Sudarshan Chemical Industries Ltd. key Products/Revenue Segments include Inorganic Pigments, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 499.03 Crore, up 5.15 % from last quarter Total Income of Rs 474.59 Crore and up 15.86 % from last year same quarter Total Income of Rs 430.72 Crore. Company reported net profit after tax of Rs 22.76 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 35.73 per cent stake in the company as of 30-Sep-2021, while FIIs owned 9.38 per cent, DIIs 9.78 per cent.