This chemical stock is 10% away from 52-week-low, brokerage sees 100% upside3 min read 22 Jun 2022, 10:05 PM IST
With a market valuation of Rs. 7,125 crore, Jubilant Ingrevia Ltd. is a small-cap company that operates in the chemical industry.
With a market valuation of Rs. 7,125 crore, Jubilant Ingrevia Ltd. is a small-cap company that operates in the chemical industry. Global corporation Jubilant Ingrevia serves clients in the pharmaceutical, nutrition, agrochemical, consumer, and industrial sectors. The business deals with intermediate chemicals, nutrition and health products, and speciality chemicals. The shares of Jubilant Ingrevia reached a 52-week high on October 18, 2021, at ₹838.75, and a 52-week low on March 8, 2022, at ₹401.20, meaning that at its current price of ₹445, the stock is trading 46.94% below its 52-week high and 10% above its 52-week low. With a target price of INR 890, the brokerage company Monarch Networth Capital Ltd (MNCL) has initiated a buy call on the stock, implying a significant rise of 100% from the current market price.
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