Should You Buy/sell Nalco Share at this Price? Target Price; Motilal Oswal
Should You Buy Nalco Share at this Price?
Nalco Share Price;- Nalco’s (NACL) 2QFY21 higher-than-anticipated EBITDA at INR2.8b (v/s est. INR2.2b) and volumes were an amazement by and by.
EBITDA keeps on fortifying because of LME recuperation and lower input product costs. We raise our FY21/FY22E EBITDA gauges by 36%/28% to factor in the recuperation in LME costs.
Look after Buy.
Nalco Share Analysis & Target Price
We esteem the stock at 5.5x FY22E EV/EBITDA to show up at TP of INR41. Look after Buy.
Overall its a Buy Stock for now, After Diwali consolidation is expected in stock market that would be the best time to enter into it. Though the price at this time of Nalco stock is not too high to enter but if want quick profit this is not a good time.
Nalco option Chain
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