Buy Archean Chemical Ind: IIFL Research's Target Price Rs 690

IIFL Research has buy call on Archean Chemical Ind with a target price of Rs 690. The current market price of Archean Chemical Ind is Rs 615.55

About Archean Chemical Ind:

Archean Chemical Industries is a leading manufacturer of specialty chemicals in India. The company has a diversified portfolio of products, including surfactants, agrochemicals, and performance chemicals. Archean's products are used in a wide range of industries, including personal care, home care, institutional cleaning, textiles, and agriculture. The company has a strong market presence in India and is also exporting its products to over 40 countries. Archean Chemical Industries is listed on the National Stock Exchange of India (NSE) under the symbol "ARCHEAN".

52 Week Price Trend:

ACI's CMP, or current market price, stands at Rs 615.55. This value reflects the most recent trading price of the stock in the market. ACI's share price has fluctuated within a range during the past 52 weeks, with a high of Rs 834.25 and a low of Rs 494.15. The high price indicates the highest point reached by the stock during that period, while the low price represents the lowest point. These values provide insights into the stock's performance and potential investment opportunities.

Stratzy's Analysis:

Stratzy's MOST framework assigns ACI an AA rating, indicating medium fundamental risks. This rating considers ACI's management capabilities, growth prospects, safety measures, and industry trends. The AA rating suggests that ACI's fundamentals are generally solid, but there may be some areas for improvement or potential risks to consider.

Company's Fundamentals:

Archean Chemical Ind (NSE: ACI) is currently trading at a Stock PE of 25.41, indicating that investors are willing to pay 25.41 times the company's annual earnings for a share of its stock. The PB Ratio of 6.47 implies that the market value of the company's assets is 6.47 times its book value. Finally, the Dividend Yield of 0.3% suggests that investors who purchase the stock will receive a relatively low annual dividend return compared to the potential capital gains from share value appreciation.

Fundamental and Technical information provided in this blog were last updated on 16 Mar, 2024

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