Many stocks have declined amid the decline in the stock market. These shares have become very cheap from their high level. One of these shares is Dhanuka Agritech Share, which can give great returns in the long term. The brokerage firm has seen 60 percent of the upset regarding this stock. Although the company has seen a lot of decrease in Ebita and Profit, the brokerage firms are bullish about this stock.
Dhanuka Agritech recorded a growth of 21.31 percent in the net profit in the quarter ended December 2024, which was Rs 45.37 crore during the last quarter ended December 2023, while the net profit increased by 21.31 percent to Rs 55.04 crore in the quarter ended December 2024 to Rs 55.04 crore. Went. On December 2024, sales increased by 10.42 per cent to Rs 445.27 crore in the end quarter. At the same time, Ebita increased by 18.91 percent to Rs 82.57 crore in the December 2024 quarter.
Company’s volume growth fantastic
Brokerage firm Nuwama Institutional Equity said that in a difficult working environment, Dhanuka Agritch has a 12 % volume growth and 160 bPS abita margin growth. Which has promoted Ebita and NET Profit Estimates. At the same time, the company’s podkets cell is also good. Apart from this, the company has also acquired two new brands.
Brokerage gave a target of Rs 2,215
Nuwama said that there are some problems in the expansion of technical plants, but we have to convince that it will improve after the captivity from other sectors. In spite of this, we like Dhanuka’s Asset Light Business Model. Nuwama has given a ‘bye’ rating on this stock. Brokerage said that this stock can be purchased with a target price of Rs 2,215, which indicates a 60 per cent rise.
30 percent cheaper share!
Dhanuka Agritech shares rose by Rs 1,384.05 to Rs 2.49% to Rs 1,420 on Wednesday. The company’s total market capitalization was around Rs 6,500 crore. However, the stock is about 30 percent from its 52-week high level of Rs 1,926.40 in August 2024. Let me tell you that the results of 3QFY25 of Dhanuka Agritch have been better than estimated.
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