Preliminary reports are saying that Campbell broke

Preliminary reports are saying that Campbell broke

During the latest results company has reported consolidated revenues ofRs 1,003.3 crore as against Rs 461crore, a growth 117percent, YoY.The company’s new Greenfield expansion plan at Dahej, Gujarat for manufacturing phenol (2, 00,000 tonne/year) and acetone (1, 20,000 tonne/year) has demonstrated successful operations and is currently operating at over 90percent utilization levels.The company is also incurring capex on development of downstream products for Acetone and same is expected to be commissioned towards the end of this financial year. All these should result in more sustained and profitable growth for the Company.We expect phenolic business to show improved profitability and any expected decline in temporary higher DASDA prices should offset the bottom line and also company’s forward integration in form of Acetone derivatives opens up new value addition prospects for the company. Buy Deepak Nitrite with target of Rs 496 per share.

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