has buy call on Campus Activewear with a target price of Rs 570. The current market price of Campus Activewear is Rs 546.5. Time period given by analyst is one year when Campus Activewear Ltd. price can reach defined target.
Campus Activewear Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 16763.80 Crore) operating in General sector.
Campus Activewear Ltd. key Products/Revenue Segments include Leather & Leather Goods and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 338.26 Crore, down -4.07 % from last quarter Total Income of Rs 352.63 Crore and up 147.88 % from last year same quarter Total Income of Rs 136.46 Crore. Company reported net profit after tax of Rs 28.66 Crore in latest quarter.
Investment Rationale
With execution machinery in place, the stock provides troika of growth, profitability, and improving cash flows, which the brokerage believes justifies its premium valuation. It initiates coverage with a DCF-based target price of INR 570/share. BUY.
Promoter/FII Holdings
Promoters held 74.1 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.27 per cent, DIIs 6.59 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
