Sell Alkyl Amines Chemicals, target price Rs 2470: HDFC Securities

HDFC Securities has sell call on Alkyl Amines Chemicals with a target price of Rs 2470. The current market price of Alkyl Amines Chemicals is Rs 2886.45.

Alkyl Amines Chemicals Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 14839.92 Crore) operating in Chemicals sector.

Alkyl Amines Chemicals Ltd. key Products/Revenue Segments include Amine Derivatives, Speciality Chemicals, Processing Charges, Export Incentives, Scrap, Other Operating Revenue, Gases Industrial for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Standalone Total Income of Rs 411.20 Crore, down -13.92 % from last quarter Total Income of Rs 477.68 Crore and up 16.53 % from last year same quarter Total Income of Rs 352.87 Crore. Company reported net profit after tax of Rs 52.41 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 71.99 per cent stake in the company as of 30-Sep-2022, while FIIs owned 2.28 per cent, DIIs 1.11 per cent.