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KR Choksey recommends buying Ami Organics with a target price of Rs 1229.
In its research report dated January 06, 2022, KR Choksey suggested a buy rating on Ami Organics with a target price of Rs 1229.
Ami Organics Ltd (AOL), a Surat-based firm, was founded in 2004 with the goal of developing and manufacturing various types of pharma intermediates, new chemical entities (NCE), and key starting materials for agrochemicals and fine chemicals. The majority of the company’s products are for APIs connected to chronic disorders, which is a rapidly growing market. Gujarat Organics Ltd (GOL) was recently bought, broadening its portfolio into the speciality chemical area. It has a large distribution network that serves over 150 clients (including foreign consumers) directly in India and in 25 countries across the world.
We initiate coverage on the stock with a “BUY” rating because all of the above factors will provide greater scale to grow the company’s business and profitability. We recommend a target price of INR 1,229/share, based on a PE multiple of 31x on FY24E EPS, implying a 15.20 percent upside potential from the current market price.
Moneycontrol.com is the source for this information.
Anand Rathi recommends Ami Organics, with a target price of Rs 1354.
Ami Organics gets a buy call from Anand Rathi with a target price of Rs 1354. Ami Organics Ltd.’s current market price is Rs 1055. The analyst estimates that Ami Organics Ltd.’s price will achieve its objective in one year.
Ami Organics Ltd., founded in 2007, is a Small Cap business in the General sector with a market capitalization of Rs 3712.94 crore.
Organic Chemicals and Other Operating Revenue are two of Ami Organics Ltd’s primary products/revenue segments for the fiscal year ending 31-Mar-2021.
The firm reported a Consolidated Total Income of Rs 122.47 Crore for the quarter ended September 30, 2021, up 7.28 percent from the previous quarter’s Total Income of Rs 114.16 Crore and unchanged.00 percent from the previous year’s same quarter Total Income of Rs Crore. In the most recent quarter, the company generated a net profit after tax of Rs 17.47 crore.
Reasons for Investing
Ami Organics Limited is expected to continue to develop in the medium term due to its position in high-growth and specialty areas. With a BUY rating and a target price of $1,354 per share, the brokerage begins coverage on the company.
As of September 30, 2021, promoters controlled 41.05 percent of the firm, FIIs 2.51%, and DIIs 6.3 percent.
economictimes.com is the source for this information.
Ami Organics’ post-listing rise continues. Should you purchase or hold your stock?
Ami Organics shares continued their post-listing run for the third consecutive trading session, reaching a record high of 1,346.40 per stock, a 120 percent increase from the issue price of 603 to 610. Ami Organics’ stock price started today with an upside gap of 98 per equity share and went on to set a new lifetime high — up nearly 20% intraday from its previous closing of 1122 per share. Ami Organics, according to stock market specialists, has a well-diversified portfolio. It is in the manufacture of APIs, CPCs, granules, and speciality chemicals, and all of these goods are lucrative in both domestic and international markets.
Experts went on to say that the market is quite positive about Ami Organics shares now that they have been listed, and that those who lost out on the chemical stock during the share allotment procedure are now purchasing it. Market analysts, on the other hand, urged investors to avoid purchasing any new positions in the stock because it is now trading at a far higher price than its true value. They encouraged new investors to hold off until profit-booking occurred, and current shareholders to keep the stock with a trailing stop loss at 1100 levels.
Ravi Singhal, Vice Chairman at GCL Securities, commented on what is driving Ami Organics’ share price surge post-listing: “Ami Organics’ portfolio is diverse, including API, CPC, granules, and speciality chemical production. All of these businesses, particularly API and CPC, are lucrative these days. API and CPC prices have nearly risen in the last year, bolstering the company’s financial position. CPC is in great demand in the global market, and Ami Organics is one of only eight or ten CPC providers. As a result, its CPC business is projected to continue to be lucrative. API costs have nearly doubled in the last year, and they are anticipated to continue to rise. As a result, the API business is projected to continue to be lucrative for the corporation. As a result, the market is anticipating solid quarterly results next month, and Ami Organics’ share price has been surging to new highs since its first public offering.”
Santosh Meena, Head of Research at Swastika Investmart Ltd, advised Ami Organics shareholders to continue holding the stock “Ami Organics may perform well in the long run due to strong domestic and global opportunities, while the China Plus One strategy may help specialty chemical companies in India grow rapidly. From a long-term viewpoint, we advocate holding the stock.” Market participants who own shares in Ami Organics should keep them, according to the Swastika Investmart specialist, because the company has good fundamentals and a positive outlook for the industry.
Ravi Singhal of GCL Securities revealed his investing plan for Ami Organics shares “Shareholders of Ami Organics should continue to hold the stock, with a trailing stop loss set at $1100 per share. At these levels, however, additional purchases should be avoided. At roughly 1150 per stock, a new position might be opened with a stop loss at 1100 per equity share. In the next three months, the stock might reach 1470 levels.”
livemint.com is the source of this information.
Ami Organics’ stock has increased over 80% since its IPO. Should you purchase or hold your stock?
In the early morning trading session, Ami Organics’ stock price jumped over 17%. The chemical company, which debuted on Indian exchanges yesterday at a premium of approximately 49%, started today with a 15-point gain and went on to hit an intraday high of 1120 each, or 80% higher than its public issue price of 603 to 610 per equity share. Those lucky bidders who still possess Ami Organics shares have seen their IPO investment appreciate by nearly 80% in just 15 days since the IPO opened for subscription on September 1st, 2021.
Stock market analysts say the stock’s present prices aren’t favourable to new purchases, but they encourage Ami Organics shareholders to keep holding the stock while keeping a trailing stop loss at $945. They also encouraged successful bidders to make a 50% profit because the public offering had returned more than 50% of their investment. Successful IPO bidders were instructed to record a 50% profit at present prices and re-enter at roughly 850 to 900 per equity share levels.
Ravi Singhal, Vice Chairman at GCL Securities, stated of Ami Organics’ share price goal, “The stock’s current pricing does not bode well for new investors. It is suggested that they wait for profit-booking. Those who own Ami Organics shares, on the other hand, should raise their trailing stop loss from 811 to 945. Bidders who received Ami Organics shares during the allocation procedure should record a 50% profit and re-enter at 850 to 900 levels, keeping their stop loss at 811 each.”
Santosh Meena, Head of Research at Swastika Investmart Ltd, believes the chemical counter’s bull run will continue “Ami Organics may do well in the long term due to strong local and global potential, while India’s specialised chemical businesses may benefit from the China +1 strategy. From a long-term viewpoint, we advocate holding the stock.” On the basis of excellent fundamentals and an optimistic future for the industry, he believes investors should keep their money in Ami organics.
livemint.com is the source of this information.
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