Buy GHCL, target Rs 299: Manas Jaiswal

INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on GHCL Ltd
with a target price of Rs 299.0
The current market price of GHCL Ltd
is Rs 287.6 Time period given by the analyst is Intra Day when GHCL Ltd
price can reach defined target
Manas Jaiswal recommended to keep stoploss at Rs 284
GHCL Ltd., incorporated in 1983, is a midcap company with a market cap of Rs 2801.89 crore
GHCL Ltd
key Products/Revenue Segments include Chemicals (Inorganic) which contributed Rs 1934.87 Crore to Sales Value (65.44 % of Total Sales) and
Textiles which contributed Rs 1021.65 Crore to Sales Value (34.55 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 728.71 Crore, up 1.51 % from last quarter Sales of Rs
717.85 Crore and down -11.61 % from last year same quarter Sales of Rs 824.40 Crore Company has reported net profit after tax of Rs 82.15
Crore in latest quarter
Kheria, Mr.Neelabh Dalmia, Mr.R S Jalan, Mr.Raman Chopra, Mr.Sanjay Dalmia, Mrs.Vijaylaxmi Joshi
Company has S R Batliboi Co
LLP as its auditoRs As on 31-03-2018, the company has a total of 97,423,286 shares outstanding