Jayant Agro Or­gan­ics

Flash News Investment - - RECOMMENDATIONS -

Jayant Agro Or­gan­ics is a global oleo­chem­i­cal com­pany lead­ing in the cas­tor-based spe­cial­ity chem­i­cals. Cas­tor oil has unique char­ac­ter­is­tics hav­ing wide ap­pli­ca­tions in the chem­i­cal in­dus­try. More than 85 per cent of the global cas­tor oil con­sump­tion is ex­ported by In­dia and Jayant Agro is a lead­ing com­pany in In­dia sup­ply­ing cas­tor oil. On the fi­nan­cial front, rev­enue and net profit has shown growth of 20.8 per cent and 112.2 per cent, re­spec­tively, in FY17 on YoY ba­sis. The com­pany is is­su­ing bonus shares (1:1) and the record date fixed for the same is Au­gust 2, 2017. The man­age­ment is ex­pect­ing dou­ble digit growth in Q1FY18. The cas­tor oil is a re­new­able and bio-degrad­able prod­uct, de­mand for which is in­creas­ing world­wide. Con­sid­er­ing the above fac­tors, we rec­om­mend our read­ers to BUY the scrip.

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