Update: Meghmani Organics. Revised Target 154. SL 100. Add on dips. Price 122.
Stock is trading closer to 24x current quarterly annualized EPS. We upgrade our target to 30x current quarterly annualized EPS to 154. Add fresh on dips towards 110-112 Have a SL at 100.
Caution: Quarterly results can impact target price on the upside and downside.
Since the quarterly results is nearing, some profits can be booked closer to 130 and can wait for the result.