RALLIS INDIA - INVESTMENT IDEA - TARGET 251

RALLIS INDIA - TARGET 251

The company will continues to get support by steady demand prospects for its products in the domestic market, and improving focus on exports.
Large scale capex over the medium term is expected to result in better market share and
mitigate impact on profitability caused by increasing raw material prices.

Thus, it is expected that the stock will see a price target of Rs.251 in 8 to 10 months time
frame on a one year average P/E of 21.59x and FY21 (E) earnings of Rs.11.64.