AgenciesICICI Direct has buy call on NOCIL with a target price of Rs 310. The current market price of . is Rs 286.85.
Time period given by analyst is 14 days when Ltd. price can reach defined target.
NOCIL Ltd., incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 4840.14 Crore) operating in Chemicals sector.
NOCIL Ltd. key Products/Revenue Segments include Duty Drawback, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 509.95 Crore, up 9.91 % from last quarter Total Income of Rs 463.95 Crore and up 47.55 % from last year same quarter Total Income of Rs 345.61 Crore. Company reported net profit after tax of Rs 66.48 Crore in latest quarter.
Investment Rationale
The brokerage expects share price to move towards higher band of well defined channel placed around Rs 310
Promoter/FII Holdings
Promoters held 33.85 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.94 per cent, DIIs 4.88 per cent.
Time period given by analyst is 14 days when Ltd. price can reach defined target.
NOCIL Ltd., incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 4840.14 Crore) operating in Chemicals sector.
NOCIL Ltd. key Products/Revenue Segments include Duty Drawback, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 509.95 Crore, up 9.91 % from last quarter Total Income of Rs 463.95 Crore and up 47.55 % from last year same quarter Total Income of Rs 345.61 Crore. Company reported net profit after tax of Rs 66.48 Crore in latest quarter.
Investment Rationale
The brokerage expects share price to move towards higher band of well defined channel placed around Rs 310
Promoter/FII Holdings
Promoters held 33.85 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.94 per cent, DIIs 4.88 per cent.
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