Buy Deepak Fertilizers & Petr, target price Rs 770: IIFL Securities
On July 3rd, IIFL Securities issued a buy recommendation for Deepak Fertilizers & Petrochemicals with a target price of Rs 770, close to the current market price of Rs 748.15. The brokerage believes that the company's strong performance in the fertilizer and petrochemical segments, coupled with its focus on cost optimization, bodes well for its future prospects. Investors are advised to take note of this bullish signal and consider investing in Deepak Fertilizers & Petrochemicals for potential gains.
About Deepak Fertilizers & Petr:
Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL) is an Indian multinational conglomerate headquartered in Mumbai, Maharashtra. It is primarily involved in manufacturing, marketing, and distribution of fertilizers, industrial chemicals, and petrochemicals. DFPCL has a diversified portfolio that includes urea, diammonium phosphate (DAP), nitrogen phosphorus potassium (NPK) fertilizers, nitric acid, methanol, and various petrochemical products. The company has a strong presence in India and operates several manufacturing facilities across the country. Additionally, it has international operations in the Middle East, Africa, and Asia. DFPCL is known for its commitment to sustainability and has adopted various initiatives to minimize its environmental impact.
52 Week Price Trend:
Deepak Fertilizers & Petr (NSE: DEEPAKFERT) is currently trading at Rs 748.15, below its 52-week high of Rs 715. The stock has gained over 50% from its 52-week low of Rs 483.35. The company's strong performance in the last quarter, driven by higher demand for fertilizers and chemicals, has supported the stock's rise. However, the recent correction in the broader market and concerns about rising input costs could impact the stock's momentum in the short term. Investors should monitor the company's upcoming quarterly results and industry trends to assess the stock's long-term potential.
Stratzy's MOST Analysis:
Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) has been rated BB- by Stratzy's MOST framework. This rating indicates that DEEPAKFERT has medium fundamental risks based on its management, outlook, safety, and trend. The company has a strong management team with a proven track record, and it has a positive outlook for the future. However, there are some concerns about the company's financial stability and its ability to withstand economic headwinds. Overall, DEEPAKFERT is a low-risk investment with good potential returns.
Company's Fundamentals:
Deepak Fertilizers & Petr (NSE: DEEPAKFERT) is a company listed on the National Stock Exchange of India (NSE). As of today, the Stock Price to Earnings (PE) ratio, Price to Book (PB) Ratio and Dividend Yield of the company are 13.37, 1.24, and 1.96% respectively. The PE ratio compares a company's current stock price to its per-share earnings. A high PE ratio could indicate that the stock is overvalued, while a low PE ratio could indicate that the stock is undervalued. The PB ratio compares a company's market value to its book value. A high PB ratio could indicate that the stock is overvalued, while a low PB ratio could indicate that the stock is undervalued. The Dividend Yield is the annual dividend per share divided by the current market price per share. A high Dividend Yield could indicate that the stock is a good investment for income-oriented investors.
Fundamental and Technical information provided in this blog were last updated on 03 Jul, 2024
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