ATUL Ltd.can accommodate growth. Atul Ltd. is an integrated chemical company serving about 4000 customers belonging to 30 industries across the world. The company product portfolio utility includes area of aromatics, crop protection, polymers, pharma ingredients and many more.
Atul CMP is 7014.15. Negative aspects of the company are high valuation (P.E. = 45.7), declining annual net profits, FIIs are decreasing stake and MFs are decreasing stake. Positive aspects of the company are no debt and improving cash from operations annual.
Entry after closing above 7056. Target of the call will be 7373 and 7884. Long term targets in the stock will be 8402 and 8921. Stop loss in the stock should be maintained at closing below 5594.
