Shares of Clean Science & Technology rose over 4.5%, most in over five weeks, to Rs 1,794.65 after the company reported Q4 results over the week. The stock added 2.4% on Monday.
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The company reported 17.4% YoY growth in consolidated net profit for Q4.
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Analysts at Kotak Institutional Equities noted that the revenue growth was offset by lower margins. Kotak Institutional Equities reiterates ‘reduce’ citing very rich valuations that leave little room for error.
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Trading volume is nearly twice the 30-day average. Of the seven analysts tracking the company, two maintain ‘buy’, two suggest ‘hold’ and two recommend ‘sell’. The return potential of the stock is 13.2%
Source: Exchange filing, Kotak Institutional Equities note, Bloomberg
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