BSE Code: | NSE Code: | ISIN: | Sector:

NSE
677.90
Change Change %
29.40 4.53%

Updated:23 Oct, 2017, 15:53 PM IST

BSE
680.00
Change Change %
31.85 4.91%

Updated:23 Oct, 2017, 15:44 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Kotak
N/A
29-09-2017 Sell 539.70 540.00
N/A
Target Hit Long (1Y)
29-09-2018

Kotak Securities downgrades Gujarat Alkalies & Chemicals to sell

Gujarat Alkalies & Chemicals (GACL) stock has rallied around 27% since our initiation date 18th April 2017. The stock is fully valued at 10.2x and 9.1x FY18E and FY19E, revised earnings of Rs53.3 and Rs59.9 for FY18E and FY19E, respectively. Hence, we recommend SELL (earlier BUY), with a revised target price of Rs540 (earlier Rs 590).

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