Market

Buy Gujarat Pipavav Port, target price Rs 109: ICICI Securities

ICICI Securities has buy call on with a target price of Rs 109. The current market price of Gujarat Pipavav Port Ltd. is Rs 104.85. Time period given by analyst is Intra Day when Gujarat Pipavav Port Ltd. price can reach defined target.

Gujarat Pipavav Port Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 5112.38 Crore) operating in Shipping sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 206.83 Crore, up 7.58 % from last quarter Total Income of Rs 192.26 Crore and down -.54 % from last year same quarter Total Income of Rs 207.95 Crore. Company reported net profit after tax of Rs 54.33 Crore in latest quarter.



Investment Rationale
Stock rebounding from the lower band of the rising channel in place since August 2020 and 200 days EMA thus provides fresh entry opportunity

Promoter/FII Holdings
Promoters held 44 per cent stake in the company as of Sept 30, 2020, while FIIs held 19.8 per cent, DIIs 25.7 per cent and public and others 10.4 per cent.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button