FrontPage is India's Stock Market Social Network
Join 50,000+ Traders and Investors
forum

AKSHARCHEM Share Price Target

AksharChem India Ltd.
NSE: AKSHARCHEM | BSE: 524598 | ISIN: INE542B01011 | Sector: Paints and Pigments

AKSHARCHEM Rating

1/5 (2 Ratings)
AKSHARCHEM Share Price *
299.05 +0.25 (0.08%)
* (quote may be delayed)

1 AKSHARCHEM share price target reports by brokerages below. See what is analyst's view on AKSHARCHEM share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.


You can also find AKSHARCHEM share price target tomorrow or next week from AKSHARCHEM discussion forum.

AKSHARCHEM Share Price Forecast - Consensus
No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
144.00
Consensus Potential
-107.50%

AKSHARCHEM Share Price Target - Broker Reports - 2019

19-Aug-19
Price @ Call: 210
Target: 144
SELL
Despite sequential improvement in EBITDA margin in Q1FY20, we do not see any major turnaround in the margin (expect margins to decline from the levels of 1QFY20) and returns ratios profile in the medium term. Hence, we discontinue our coverage on the stock with a Sell rating and revised target price of Rs 144 (Vs Rs 260 earlier). At CMP, the stock is trading at 16.7x and 14.9x FY20E and FY21E, earnings which is higher than its last five years average of 14x and is expensive in our view, given the slowdown in the industry. In the past, the company used to get higher valuation due to improving earnings backed by realization.
... Read more

22-Feb-19
Price @ Call: 329.95
Target: 302
SELL
The completion of capex plan, will transform AksharChem business to more stable earnings from FY20E onwards. However, in the near term till the new unit get stabilized and the company is able to pass on the rise in input costs, we believe that the earnings are likely to remain under pressure. As per the industry sources, with the resumption in the production activities in China, intermediate prices are expected to remain subdued. Besides this, short supply of some of the key raw materials is expected to keep input costs higher. The stock has corrected further, since our last update dated 5th Nov (Reduce). At CMP, the stock is trading at 11.2x/10.8x FY19E/FY20E which in our view is trading at higher level. Hence, we recommend SELL (Reduce earlier) with a revised target price of Rs302 (earlier Rs485), valuing it at 10x.
... Read more

AKSHARCHEM Share Price Target - Broker Reports - 2017

21-Sep-17
Price @ Call: 741.55
Target: 800
ACCUMULATE

16-Jun-17
Price @ Call: 755
Target: 945
BUY

  • AKSHARCHEM - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Kotak Securities144-107.50%
  • AKSHARCHEM Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3334.5
    Upside Target 2324.4
    Upside Target 1313.2
    Pivot303.1
    Downside Target 1291.9
    Downside Target 2281.8
    Downside Target 3270.6
  • AKSHARCHEM Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3396.15
    Upside Target 2367.05
    Upside Target 1338.15
    Pivot309.05
    Downside Target 1280.15
    Downside Target 2251.05
    Downside Target 3222.15
  • AKSHARCHEM Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3313.5
    Upside Target 2292.25
    Upside Target 1263.7
    Pivot242.45
    Downside Target 1213.9
    Downside Target 2192.65
    Downside Target 3164.1
  • AKSHARCHEM Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3324.4
    Upside Target 2316.26
    Upside Target 1311.24
    Pivot303.1
    Downside Target 1294.96
    Downside Target 2289.94
    Downside Target 3281.8
  • AKSHARCHEM Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3367.05
    Upside Target 2344.89
    Upside Target 1331.21
    Pivot309.05
    Downside Target 1286.89
    Downside Target 2273.21
    Downside Target 3251.05
  • AKSHARCHEM Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3292.25
    Upside Target 2273.23
    Upside Target 1261.47
    Pivot242.45
    Downside Target 1223.43
    Downside Target 2211.67
    Downside Target 3192.65
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.