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    Buy Balmer Lawrie & Company, target price Rs 134: ICICI Direct

    Synopsis

    Balmer Lawrie & Company Ltd., incorporated in the year 1924, is a Small Cap company (having a market cap of Rs 2179.44 Crore) operating in Diversified sector.

    BuyThinkStock Photos
    Promoters held 0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 1.63 per cent, DIIs 2.5 per cent.
    ICICI Direct has buy call on Balmer Lawrie & Company with a target price of Rs 134. The current market price of Balmer Lawrie & Company is Rs 127.1. Time period given by analyst is 7 days when Balmer Lawrie & Company Ltd. price can reach defined target.

    Balmer Lawrie & Company Ltd., incorporated in the year 1924, is a Small Cap company (having a market cap of Rs 2179.44 Crore) operating in Diversified sector.

    Balmer Lawrie & Company Ltd. key Products/Revenue Segments include Sale of services, Barrel & Drums, Lubricating Oils & Greases, Leather (Auxiliaries), Other Operating Revenue and Traded Goods for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 509.98 Crore, up 2.85 % from last quarter Total Income of Rs 495.86 Crore and up 28.20 % from last year same quarter Total Income of Rs 397.78 Crore. Company reported net profit after tax of Rs 17.58 Crore in latest quarter.

    Investment Rationale
    The brokerage expects the stock to maintain positive bias and head towards Rs 134 levels in the coming sessions being the 80% retracement of the last three months decline (Rs 141-112).

    Promoter/FII Holdings
    Promoters held 0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 1.63 per cent, DIIs 2.5 per cent.



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    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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