The Economic Times daily newspaper is available online now.

    Buy Sudarshan Chemical Industries, target price Rs 585: Anand Rathi

    Synopsis

    Sudarshan Chemical Industries Ltd., incorporated in the year 1951, is a Mid Cap company (having a market cap of Rs 2859.09 Crore) operating in Chemicals sector.

    Buy,-sell-1---IStock
    Promoters held 35.82 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.03 per cent, DIIs 13.0 per cent.
    Anand Rathi has buy call on Sudarshan Chemical Industries with a target price of Rs 585. The current market price of Sudarshan Chemical Industries is Rs 420.8.

    Sudarshan Chemical Industries Ltd., incorporated in the year 1951, is a Mid Cap company (having a market cap of Rs 2859.09 Crore) operating in Chemicals sector.

    Sudarshan Chemical Industries Ltd. key Products/Revenue Segments include Inorganic Pigments, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 554.99 Crore, down -11.75 % from last quarter Total Income of Rs 628.87 Crore and up 16.94 % from last year same quarter Total Income of Rs 474.59 Crore. Company reported net profit after tax of Rs 7.08 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 35.82 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.03 per cent, DIIs 13.0 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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
    The Economic Times

    Stories you might be interested in