LKP Research is bullish on Tarsons Products Ltd has recommended buy rating on the stock with a target price of Rs 770 in its research report dated June 27, 2023.

Buy Tarsons Products Ltd; target of Rs 770: LKP Research

Tarsons Products tumbled 9.21% to Rs 642.05 after the company’s net profit declined 24.92% to Rs 16.12 crore on 13.22% decrease in revenue from operations to Rs 61.32 crore in Q3 FY23 over Q3 FY22.

Tarsons Products slides after Q3 PAT drops 25% YoY to Rs 16 cr

Tarsons has 9-12% market share in the Indian labware market.

Tarsons Products - Expects The Demand Scenario In Both Domestic, Export Markets To Remain Strong: Nirmal Bang

November may see a huge supply of shares as lock-in period of 10 companies including FSN E-Commerce (Nykaa), PB Fintech (Policy Bazaar), Sigachi Industries, One97 Communications (Paytm), Tarsons Products and Go Fashion (India) will end this month for pre-IPO investors

Nykaa, Paytm, Policy Bazaar: Lock-in periods of 10 IPOs to expire in November

Tarsons Products slumped 5.35% to Rs 734.90 after the company reported 13.8% fall in net profit to Rs 21.5 crore on a 6.3% decline in revenue from operations to Rs 71.2 crore in Q2 FY23 over Q2 FY22.

Tarsons Products tumbles after weak Q2 performance

Tarsons Products standalone net profit declines 13.82% in the September 2022 quarter

NRB Industrial Bearings Ltd, Honda India Power Products Ltd, Wardwizard Innovations & Mobility Ltd PartlyPaidup and Suvidhaa Infoserve Ltd are among the other losers in the BSE’s ‘B’ group today, 08 August 2022.

Tarsons Products Ltd leads losers in ‘B’ group

The company reported a net profit of Rs 20.3 crore in the quarter ended June, down 18% year-on-year.

Tarsons Products Slumps 20% As Profit Falls And Margin Narrows In Q1

In the past six months, the stock soared 32 per cent, as against 9 per cent decline in the S&P BSE Sensex.

Tarsons Products hits 8-month high on heavy volume; soars 20% in a week

Tarsons Products Q4 Review - Stellar Performance: ICICI Securities

The newly listed stock, which made its market debut in November last year, is up over 4% in 2022 (year-to-date or YTD) so far

Tarsons Products shares surge 7% today. Brokerage has ‘Buy’ tag

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Tarsons Products Limited is engaged in the designing, development, manufacturing of a range of labware products which helps scientific discovery and healthcare

Tarsons Products Ltd