ThinkStock PhotosPromoters held 46.28 per cent stake in the company as of 31-Dec-2021, while FIIs owned 1.52 per cent, DIIs 1.63 per cent.

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Yes Securities has buy call on Gujarat Alkalies & Chemicals with a target price of Rs 855. The current market price of Gujarat Alkalies & Chemicals is Rs 809.4. Time period given by analyst is Intra Day when Gujarat Alkalies & Chemicals Ltd. price can reach defined target.

Gujarat Alkalies & Chemicals Ltd., incorporated in the year 1973, is a Mid Cap company (having a market cap of Rs 5944.72 Crore) operating in Chemicals sector.

Gujarat Alkalies & Chemicals Ltd. key Products/Revenue Segments include Caustic Soda Lye, Hydrogen Peroxide (100%), Caustic Potash Flakes, Other Operating Revenue, Caustic Soda Prills, Poly Aluminimum Choloride, Caustic Potash Lye, Chlorine (Liquid), Bleaching Powder (Stable), Others, Hydrogen Gas, Traded Goods, Chlorinated Paraffin Wax, Power, Scrap, Export Incentives for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1077.62 Crore, up 27.18 % from last quarter Total Income of Rs 847.34 Crore and up 61.41 % from last year same quarter Total Income of Rs 667.64 Crore. Company reported net profit after tax of Rs 201.78 Crore in latest quarter.

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Investment Rationale

The stock has resumed its uptrend after breaking out of a consolidation pattern. Further, a sustained trade above 174 will take it higher to levels of 185. RSI too suggests an up move.

Promoter/FII Holdings

Promoters held 46.28 per cent stake in the company as of 31-Dec-2021, while FIIs owned 1.52 per cent, DIIs 1.63 per cent.