Gujarat Ambuja Exports Ltd
(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.