For 3Q FY 2012, Orchid Chemicals is expected to post net sales of Rs. 555 cr, growth
of 20% y o y. The company’s margin is expected to come in at 24%, in-line with
3Q FY 2011 operating margin. Overall, net profit is expected to grow by 16.8% to
Rs.57 cr.
Maintain Buy recommendation on the stock with a target price of
Rs.270.
Review by Angel Broking
of 20% y o y. The company’s margin is expected to come in at 24%, in-line with
3Q FY 2011 operating margin. Overall, net profit is expected to grow by 16.8% to
Rs.57 cr.
Maintain Buy recommendation on the stock with a target price of
Rs.270.
Review by Angel Broking
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