Buy Sudarshan Chemical Industries, target price Rs 1,161: HDFC Securities

economictimes.indiatimes.com:

HDFC Securities has buy call on Sudarshan Chemical Industries with a target price of Rs 1,161. The current market price of Sudarshan Chemical Industries is Rs 1,102.35. Sudarshan Chemical Industries, incorporated in the year 1951, is a Mid Cap company (having a market cap of Rs 7,659.65 Crore) operating in Chemicals sector.
Sudarshan Chemical Industries key Products/Revenue Segments include Inorganic Pigments, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 637.12 Crore, down -16.96 % from last quarter Total Income of Rs 767.23 Crore and up 4.06 % from last year same quarter Total Income of Rs 612.25 Crore. Company has reported net profit after tax of Rs 29.43 Crore in latest quarter.

Promoter/FII Holdings

Promoters held 30.55% stake in the company as of 30-Jun-2024, while FIIs owned 6.71%, DIIs 20.91%.