IIFL Securities's Stock Idea: Buy Clean Science & Tech with Target Rs 1635

IIFL Securities recommends buying Clean Science & Tech with a target price of Rs 1635, indicating an upside potential of around 3.6% from its current market price of Rs 1578.3. The brokerage firm is bullish on the company's strong order book, focus on capacity expansion, and diversification into new segments. Clean Science & Tech is a leading specialty chemical manufacturer with a diverse product portfolio, catering to the pharmaceutical, agrochemical, and personal care industries, among others.

About Clean Science & Tech:

Clean Science and Technology Limited (CSTL) is a leading manufacturer of specialty chemicals in India, listed on the National Stock Exchange of India (NSE). Incorporated in 1997, CSTL specializes in producing halogenated, organophosphorus, and other specialty chemicals used in agrochemicals, pharmaceuticals, and other industries. The company's production facilities are located in Roha, Maharashtra, and Sarigam, Gujarat, with a combined installed capacity of over 1,10,000 metric tons per annum. CSTL is known for its strong research and development capabilities, focusing on developing innovative and sustainable chemical solutions. The company has received several awards and recognitions for its adherence to quality standards, environmental protection, and sustainable practices.

52 Week Price Trend:

Clean Science & Tech (NSE: CLEAN), a leading provider of specialty chemicals, has experienced a 28% increase in its share price since its 52-week low of Rs 1227.1, reaching its current market price of Rs 1578.3. The company's 52-week high of Rs 1622.4 is within reach, indicating potential further upside. Investors may consider Clean Science & Tech as a potential investment opportunity given its strong financial performance and industry dominance in specialty chemicals.

Stratzy's MOST Analysis:

CLEAN's AA- rating from Stratzy's MOST framework indicates that it has low fundamental risks. The framework evaluates companies based on management, outlook, safety, and trend. CLEAN's strong performance in these areas suggests that it has a sound management team, positive growth prospects, a solid financial position, and a favorable market outlook. This rating indicates that CLEAN is a relatively low-risk investment with a positive outlook.

Company's Fundamentals:

Clean Science & Tech (NSE:CLEAN), a company listed on the National Stock Exchange (NSE) of India, has a stock Price-to-Earnings ratio (PE) of 61.23, indicating that investors are willing to pay 61.23 times the company's earnings per share. The Price-to-Book ratio (PB) of 14.28 suggests that the stock is currently trading at 14.28 times the book value of the company. Clean Science & Tech pays a dividend with a yield of 0.34%, which means that investors receive 0.34% of the stock's price as dividends annually.

Fundamental and Technical information provided in this blog were last updated on 30 Jul, 2024

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