Gu­jarat Am­buja Ex­ports Ltd

Money Times - - Muhurat Picks - Muhu­rat Picks By Pratit Nayan Pa­tel

(BSE Code: 524226) (CMP: Rs.246.65) (FV: Rs.2)

Gu­jarat Am­buja Ex­ports Ltd is a lead­ing man­u­fac­turer of Starch De­riv­a­tives, Soya De­riv­a­tives and Cot­ton Yarn. Dur­ing H1FY19, it re­ported 128% higher PAT of Rs.86.19 crore on 7% higher sales of Rs.1580.46 crore. The stock trades at a P/E of just 12.39x. Based on its strong per­for­mance, we rec­om­mend this stock for a price tar­get of Rs.325.

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