Stock To Buy, Jan 2024: Agrochemicals Stock Gains 53% In 2023, TP Rs 1200: Anand Rathi

Leading brokerage firm Anand Rathi has recommended investors to buy small cap stock Dhanuka Agritech Ltd with target price of Rs 1200 per share. Last trading price of Dhanuka Agritech share on BSE is Rs 1084.50 per share with intraday gain of 2.92%. If you buy Dhanuka Agritech shares at last trading price of Rs 1084.50 apiece, you can fetch potential gain of 10.65%. Dhanuka Agritech shares surged 53% in last 1-year. Check details below:

Dhanuka Agritech Stock Performance & Return: The 52-week high price of Dhanuka Agritech share on BSE is Rs 1098.85 per share and 52-week low price is Rs 603.05 per share, respectively. The company has a market capitalisation of Rs 5051.42 crore. Dhanuka Agritech shares offered return of 29% in last 3-months, gained 30% in last 2-years, and soared 39% in last 3-years. In last 5-years, Dhanuka Agritech stock witnessed a rally of 142%.

Dhanuka Agritech Financials: The company for the quarter ended September 30, 2023 declared a surge of 39% in its net profit to Rs 101.77 crore as against the net profit of Rs 73.02 crore in the corresponding quarter of last fiscal. The company registered a rise of 14% in its total income to Rs 617.92 crore for the July-September period as compared to Rs 542.90 crore declared last year, according to its BSE filing. "The company did reasonably well during challenging times amid erratic rainfall, falling prices, and subdued exports demand," Dhanuka Agritech Managing Director M K Dhanuka said.

Dhanuka Agritech About: Company Profile. Dhanuka Agritech Limited is one of India's leading agri-input company and is listed by Forbes Magazine in the category of "200 Best under A Billion Companies in Asia Pacific". Dhanuka has Pan-India presence through its marketing offices in all major states across India. The 3 manufacturing units with 39 warehouses and network of over 8 branch offices across the Indian geography caters to 6,500 distributors & approximately 75,000 dealers, according to its official website.

Disclaimer:

The stock has been picked from the brokerage report of Anand Rathi. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.