Bo­dal Ltd

Money Times - - Muhurat Picks -

(BSE Code: 524370) (CMP: Rs.119.15) (FV: Rs.2)

Bo­dal Chem­i­cals Ltd man­u­fac­tures and ex­ports Dyes In­ter­me­di­ate, Dyestuff and Sul­phuric Acid. Dur­ing H1FY19, it re­ported 57% higher PAT of Rs.83.46 crore on 32% higher sales of Rs.744.93 crore. The stock trades at a P/E of just 9.53x. Based on its strong per­for­mance and at­trac­tive val­u­a­tions, we rec­om­mend this stock for a price tar­get of Rs.175.

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