Sell Fine Organic Industries, target price Rs 3460: Motilal Oswal

Motilal Oswal has sell call on Fine Organic Industries with a target price of Rs 3460. The current market price of Fine Organic Industries is Rs 4560.

Fine Organic Industries Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 13995.82 Crore) operating in Chemicals sector.

Fine Organic Industries Ltd. key Products/Revenue Segments include Speciality Chemicals, Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 505.84 Crore, down -9.29 % from last quarter Total Income of Rs 557.64 Crore and down -34.70 % from last year same quarter Total Income of Rs 774.70 Crore. Company reported net profit after tax of Rs 95.19 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 3.58 per cent, DIIs 11.84 per cent.