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Get dynamic researches, reports, tips, calls (including Intraday, F & O, Weekly, BTST etc) from India's Pioneer Market Research Group. For more information, kindly contact on 09974747485. or you can also log on to www.GurukrupaCapital.com
Fundamental View:
Posted 11th October 2008 at 08:11 PM by malavbhatt
Analyst:
Gurukrupa Capital
E-mail: contact@gurukrupacapital.com
www.GurukrupaCapital.com
Stock Info:
Company Name: Tata Chemical
Sector:
Market Cap (Rs cr): 4032.51
Beta: 152.20
52 Week High / Low: 440 / 165
Face Value (Rs): 10
P/E: 4.55
Shareholding as on (as on March 31, 2008) (in %)
Promoters: 29.06
Institutions: 30.15
Public & Others: 23.81
Foreign: 11.85
Corporate Bodies: 05.11
Indicator: BUY
CMP (INR): 172 (as on October 8, 2008)
Price Target (INR): 245.90
Stop Loss: 160.65
Time Frame: Next 12 Months
Investment Grounds:
- Company has expanded its total production capacity in Soda Ash, Caustic Soda, Bromine, Cement and Gypsum.
- The entire production category contains Chemical, Fertilizer, Consumer products.
- Production of Sodium Bicarbonate was drastically increased in first two quarters of 2008.
- Even export of Sodium Bicarbonate was also notable in past few months.
- Company is likely to expand its production in Gypsum, Liquid Bromine, Sodium Bromide and Liquid Chlorine.
- Company is looking for extra growth in some profitable products like Caustic Soda, Hydro bromine Acid etc…
- The Barbala plant of Uttar Pradesh is expected to expand the gross production around 8,70,764 tons per annum. This will make available around 13.25% increases in gross profits.
- Mithapur plant of Gujarat is probable to grow with double capacity.
- Same thing is likely in Haldia plant of West Bangal.
- Figures show that the net profit shall get ready to show good results till last quarter.
Some Risk Factors (If applicable):
- If forthcoming changes in economical scenario show negative response, the expected growth can not touch at the desired level.
Conclusion:
It seems that the target price for TCL is a range between Rs 240-250 in next 12 months. Looking at the current scenario, we recommend BUYING this stock with the stop loss of 160.65.
Guru’s Grace,
The Gurukrupa Capital Team
Gurukrupa Capital
E-mail: contact@gurukrupacapital.com
www.GurukrupaCapital.com
Stock Info:
Company Name: Tata Chemical
Sector:
Market Cap (Rs cr): 4032.51
Beta: 152.20
52 Week High / Low: 440 / 165
Face Value (Rs): 10
P/E: 4.55
Shareholding as on (as on March 31, 2008) (in %)
Promoters: 29.06
Institutions: 30.15
Public & Others: 23.81
Foreign: 11.85
Corporate Bodies: 05.11
Indicator: BUY
CMP (INR): 172 (as on October 8, 2008)
Price Target (INR): 245.90
Stop Loss: 160.65
Time Frame: Next 12 Months
Investment Grounds:
- Company has expanded its total production capacity in Soda Ash, Caustic Soda, Bromine, Cement and Gypsum.
- The entire production category contains Chemical, Fertilizer, Consumer products.
- Production of Sodium Bicarbonate was drastically increased in first two quarters of 2008.
- Even export of Sodium Bicarbonate was also notable in past few months.
- Company is likely to expand its production in Gypsum, Liquid Bromine, Sodium Bromide and Liquid Chlorine.
- Company is looking for extra growth in some profitable products like Caustic Soda, Hydro bromine Acid etc…
- The Barbala plant of Uttar Pradesh is expected to expand the gross production around 8,70,764 tons per annum. This will make available around 13.25% increases in gross profits.
- Mithapur plant of Gujarat is probable to grow with double capacity.
- Same thing is likely in Haldia plant of West Bangal.
- Figures show that the net profit shall get ready to show good results till last quarter.
Some Risk Factors (If applicable):
- If forthcoming changes in economical scenario show negative response, the expected growth can not touch at the desired level.
Conclusion:
It seems that the target price for TCL is a range between Rs 240-250 in next 12 months. Looking at the current scenario, we recommend BUYING this stock with the stop loss of 160.65.
Guru’s Grace,
The Gurukrupa Capital Team
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