Buy Chambal Fertilisers, target price Rs 499: HDFC Securities

Buy Chambal Fertilisers, target price Rs 499: HDFC Securities

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Synopsis

Chambal Fertilisers & Chemicals Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 17932.32 Crore) operating in Fertilisers sector.

Agencies
Promoters held 60.39 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.42 per cent, DIIs 13.18 per cent.

HDFC Securities has buy call on

& Chemicals with a target price of Rs 499. The current market price of Chambal Fertilisers & Chemicals Ltd. is Rs 432.9.

Time period given by analyst is 3 months when Chambal Fertilisers & Chemicals Ltd. price can reach defined target.

Chambal Fertilisers & Chemicals Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 17932.32 Crore) operating in Fertilisers sector.

Chambal Fertilisers & Chemicals Ltd. key Products/Revenue Segments include Fertilisers and Other Operating Revenue for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 4495.93 Crore, up 26.75 % from last quarter Total Income of Rs 3547.01 Crore and up 11.31 % from last year same quarter Total Income of Rs 4039.15 Crore. Company reported net profit after tax of Rs 425.38 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60.39 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.42 per cent, DIIs 13.18 per cent.

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SynopsisChambal Fertilisers & Chemicals Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 17932.32 Crore) operating in Fertilisers sector.AgenciesPromoters held 60.39 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.42 per cent, DIIs 13.18 per cent.HDFC Securities has buy call on & Chemicals with a target price of Rs 499. The current market price of Chambal Fertilisers & Chemicals Ltd. is Rs 432.9. Time period given by analyst is 3 months when Chambal Fertilisers & Chemicals Ltd. price can reach defined target. Chambal Fertilisers & Chemicals Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 17932.32 Crore) operating in Fertilisers sector. Chambal Fertilisers & Chemicals Ltd. key Products/Revenue Segments include Fertilisers and Other Operating Revenue for the year ending 31-Mar-2021. Financials For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 4495.93 Crore, up 26.75 % from last quarter Total Income of Rs 3547.01 Crore and up 11.31 % from last year same quarter Total Income of Rs 4039.15 Crore. Company reported net profit after tax of Rs 425.38 Crore in latest quarter. Promoter/FII Holdings Promoters held 60.39 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.42 per cent, DIIs 13.18 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….morelessPick the best stocks for yourself Powered by 4 mins read4 mins read7 mins read3 mins read4 mins read7 mins read2 mins read5 mins read

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