Sell Gujarat Alkalies, price target Rs 398: Kunal Bothra
ThinkStock PhotosBuy & sell
Independent Analyst Kunal Bothra has a sell call on Gujarat Alkalies & Chemicals Ltd. with a target price of Rs 398. The current price of Gujarat Alkalies & Chemicals Ltd. is Rs 418.35. Kunal Bothra recommended to keep a stop loss at Rs 424.
Gujarat Alkalies & Chemicals Ltd., incorporated in the year 1973, is a Mid Cap company (having a market cap of Rs 3045.43 Crore) operating in Chemicals sector.
Gujarat Alkalies & Chemicals Ltd. key Products/Revenue Segments include Caustic Soda Lye which contributed Rs 1001.52 Crore to Sales Value (31.67 % of Total Sales), Caustic Soda (Flakes) which contributed Rs 491.98 Crore to Sales Value (15.56 % of Total Sales), Hydrogen Peroxide (100%) which contributed Rs 383.79 Crore to Sales Value (12.13 % of Total Sales) and Export Incentives contributed Rs 2.00 Crore to Sales Value (0.06 % of Total Sales) for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 698.81 Crore, down 6.65 % from last quarter sales of Rs 748.57 Crore and down 9.45 % from last year same quarter sales of Rs 771.72 Crore. Company has reported net profit after tax of Rs 102.26 Crore in latest quarter.
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