Buy Sudarshan Chemical Industries, target Rs 650: HDFC Securities

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HDFC Securities has a buy call on Sudarshan Chemical Industries with a target price of Rs 650.

The current market price of Sudarshan Chemical Industries is Rs 526.80.

Time period given by the brokerage is two months when Sudarshan Chemical Industries price can reach the defined target.

HDFC Securities recommended keeping a stop loss at Rs 473.

Sudarshan Chemical Industries, incorporated in the year 1951, is a Mid Cap company (having a market cap of Rs 3,646.89 Crore) operating in Paints and Pigments sector.

The company’s top management includes Mr.Ajoy B Rathi, Mr.Dara N Damania, Mr.Kishor L Rathi, Mr.Narayandas J Rathi, Mr.Naresh T Raisinghani, Mr.Pradeep R Rathi, Mr.Rajesh B Rathi, Mr.Sanjay K Asher, Mr.Shrikrishna N Inamdar, Mr.Subramanian Padmanabhan, Mrs.Rati F Forbes, Mrs.Shubhalakshmi A Panse.

The company has B K Khare & Co. as its auditors.

As on 31-12-2017, the company has a total of 69,227,250 shares outstanding.

Source: Economic Times