Banking and finance

Buy Anupam Rasayan India, target price Rs 850: IIFL

IIFL has purchase name on Anupam Rasayan India with a goal value of Rs 850.The present market value of Anupam Rasayan India Ltd. is Rs 813.75. Time interval given by analyst is Intra Day when Anupam Rasayan India Ltd. value can attain outlined goal.

Anupam Rasayan India Ltd., integrated within the yr 2003, is a Small Cap firm (having a market cap of Rs 8035.26 Crore) working in Basic sector.

Anupam Rasayan India Ltd. key Merchandise/Income Segments embrace Chemical compounds (Others) for the yr ending 31-Mar-2020.

Financials

For the quarter ended 30-06-2021, the corporate reported a Consolidated Whole Earnings of Rs 237.97 Crore, down -13.20 % from final quarter Whole Earnings of Rs 274.16 Crore and unchanged .00 % from final yr identical quarter Whole Earnings of Rs Crore. Firm reported web revenue after tax of Rs 32.12 Crore in newest quarter.

Investment Rationale
Inventory has given a consolidation breakout on the hourly chart


Promoter/FII Holdings
Promoters held 65.4 per cent stake within the firm as of 30-Sep-2021, whereas FIIs owned 6.27 per cent, DIIs 2.92 per cent.

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