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    Buy Camlin Fine Sciences, target price Rs 180: Prabhudas Lilladher

    Synopsis

    The stock has made a higher bottom formation, and with high volume participation, this stock is in an upward trend along with a rising RSI.

    BuyAgencies
    Camlin Fine Sciences, incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 2477.92 Crore) operating in Chemicals sector.
    Prabhudas Lilladher has buy call on Camlin Fine Sciences with a target price of Rs 180. The current market price of Camlin Fine Sciences is Rs 158.05. Prabhudas Lilladher recommended to keep stop loss at Rs 148.

    Camlin Fine Sciences, incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 2477.92 Crore) operating in Chemicals sector.

    Camlin Fine Sciences key Products/Revenue Segments include Fine Chemicals, Traded Goods, Service Income, Commission and Scrap for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 486.12 Crore, up 26.33 % from last quarter Total Income of Rs 384.80 Crore and up 55.89 % from last year same quarter Total Income of Rs 311.84 Crore. Company has reported net profit after tax of Rs 9.87 Crore in latest quarter.

    The company’s top management includes Mr.Ashish Dandekar, Mr.Thomas Videbaek, Mr.Mahabaleshwar Palekar, Mr.Conrad D�souza, Mr.Sutapa Banerjee, Mr.Amol Shah, Mr.Sarvjit Bedi, Mr.Harsha Raghavan, Ms.Anagha Dandekar, Mr.Arjun Dukane, Mr.Nirmal Momaya, Mr.Pradip Kanakia. Company has Kalyaniwalla & Mistry LLP as its auditors. As on 31-12-2022, the company has a total of 16 Crore shares outstanding.

    Investment Rationale
    The stock has made a higher bottom formation, and with high volume participation, this stock is in an upward trend along with a rising RSI. The support is strong at around 148 levels.

    Promoter/FII Holdings
    Promoters held 17.55 per cent stake in the company as of 31-Dec-2022, while FIIs owned 10.74 per cent, DIIs 12.53 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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