Buy Archean Chemical Ind: IIFL Securities's Target Price Rs 715

IIFL Securities recommends buying Archean Chemical Industries at the current market price of Rs 690.9, with a target price of Rs 715. The brokerage firm expects a strong recovery in the company's performance driven by improved operating leverage and better demand outlook. Archean Chemical Industries is a leading manufacturer of specialty chemicals and is expected to benefit from the growing demand in the paints and coatings, personal care, and automotive sectors. The company's strong balance sheet and experienced management team are also viewed as positives by IIFL Securities.

About Archean Chemical Ind:

Archean Chemical Industries Limited is a specialty chemicals manufacturer in India. The company produces a wide range of products, including surfactants, industrial and institutional cleaners, personal care products, and performance chemicals. Archean Chemical Industries has a strong presence in the Indian market and exports its products to over 50 countries. The company has a state-of-the-art manufacturing facility in Gujarat, India, and is committed to sustainability and innovation.

52 Week Price Trend:

Archean Chemical Industries (ACI), a speciality chemicals manufacturer, has seen its stock price experience significant volatility in the past year. Trading currently at Rs 690.9, ACI has moved within a range of Rs 494.15 to Rs 834.25 over the past 52 weeks. This wide range suggests that the stock has been subject to both bullish and bearish sentiment, likely influenced by factors such as market conditions, industry trends, and company-specific developments. Investors considering ACI should carefully evaluate the company's financials, growth prospects, and overall market environment before making any investment decisions.

Stratzy's MOST Analysis:

ACI has received an AA rating from Stratzy's MOST framework, indicating a strong fundamental position with medium risk. This rating is based on positive assessments of ACI's management team, its market outlook, its safety record, and its financial trends. The AA rating suggests that ACI is a well-run company with a solid market position and a strong financial foundation. Investors may consider ACI to be a low-risk investment with potential for growth.

Company's Fundamentals:

Archean Chemical Industries (ACI) is a Specialty Chemicals company listed on NSE. ACI's Stock PE (Price-to-Earnings ratio) of 25.41 indicates that its current market price is 25.41 times its annual earnings per share. Its PB Ratio (Price-to-Book ratio) of 6.47 suggests that its market price is 6.47 times its book value. The Dividend Yield of 0.3% represents the annual dividend payout as a percentage of the stock's market price, indicating a low level of dividend income relative to the stock's cost. These metrics provide insights into ACI's valuation, profitability, and dividend payout, allowing investors to assess the company's financial health and potential returns.

Fundamental and Technical information provided in this blog were last updated on 20 Jun, 2024

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