ICICI Direct has buy call on Sudarshan Chemical Industries with a target price of Rs 650. The current market price of Sudarshan Chemical Industries is Rs 572.15. The brokerage recommends a stop-loss at Rs 508.
Sudarshan Chemical Industries, incorporated in the year 1951, is a mid cap company with a market cap of Rs 3962.91 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-2020.
Financials
For the quarter ended 31-12-2020, the company has reported a consolidated total income of Rs 508.93 crore, up 18.16 per cent from last quarter’s total income of Rs 430.72 crore and up 19.77 per cent from last year same quarter’s total income of Rs 424.92 crore. Company has reported net profit after tax of Rs 39.16 Crore in latest quarter.
