Recommendation: Add; Target Price: Rs 3400
The notification mandates SPSUs to maintain a payout — ~30% of PAT or 5% of net worth — whichever is higher.
Management accepts recent underperformance of Crompton vs peers, and indicated structural changes in the organisation and strategies to realign itself with market dynamism.
It was not getting regulatory approval for JV with Highly International, a Chinese company.
Good, all-round performance expected.
The public issue has been proposed for listing on both BSE and NSE and the likely date for share listing is 8th May 2023.
Transfer of NCDs due to HDFC, HDFC Bank merger.
Strong show likely during the quarter.
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor), PFRDA Reg. No. PoP 20092018
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
