KR Choksey's Stock Idea
KR Choksey is Bullish on Apcotex Industries Ltd.
Idea Submitted on 09Nov,2017
  • 20 Total Ideas
  • 0 Active Ideas
  • 20 Closed Ideas
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      Buy Apcotex Inds Idea
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      Idea Status :  Closed
    Target Achieved
    Idea Closed at 601(30Apr,18 01:53:pm)
     Time Frame
     Start Price
     Target Price
     Stop Loss
     Projected Gain
    111 (22.79% Upside)
     Returns Achieved
    114     23.41%
    At CMP of INR 487, the stock has been trading at 13.7x on FY 20E of our earnings estimates. We believe valuations are reasonable given the strong outlook of NBR segment along with other new products launches. However, considering the volatility of raw material price (mainly Butadiene) post uptick in the crude price, we have assigned p/e multiple of 17x on FY 20E . We have arrived a target price of INR 598, an upside potential of 23%. We have ‘BUY’ rating on the stock  View Research Report 

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Apcotex Inds
    Buy Calls: 1 Sell Calls: 1
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