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    Buy Camlin Fine Sciences, target price Rs 140: Emkay Global

    Synopsis

    Camlin Fine Sciences Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1215.88 Crore) operating in Chemicals sector.

    buy sellThinkStock Photos
    Promoters held 22.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 1.8 per cent, DIIs 19 per cent and public and others 56.5 per cent.
    Emkay Global has given a buy rating to Camlin Fine Sciences with a target price of Rs 140. The share price moved up by 1.01 per cent from its previous close of Rs 99.10. The stock’s last traded price is Rs 100.10.

    Camlin Fine Sciences Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1215.88 Crore) operating in Chemicals sector.

    Financials
    For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 256.81 Crore, down 16.00 % from last quarter Sales of Rs 305.74 Crore and up 15.54 % from last year same quarter Sales of Rs 222.28 Crore Company has reported net profit after tax of Rs 9.66 Crore in latest quarter.
    camlin

    Investment Rationale
    The brokerage remains constructive on the overall trajectory of the business, led by incremental plans at the Dahej facility and strong operational performance at the subsidiary level. It raises TP to Rs140 from Rs115, rolling forward to FY23E EPS (15x) and maintain Buy rating with OW stance in EAP.

    Promoter/FII Holdings
    Promoters held 22.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 1.8 per cent, DIIs 19 per cent and public and others 56.5 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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