Axis Securities has buy call on with a target price of Rs 1300. The current market price of Kajaria Ceramics is Rs 1167.3. Time period given by analyst is Intra Day when Kajaria Ceramics Ltd. price can reach defined target.
., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 18608.57 Crore) operating in Building Materials sector.
., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 18608.57 Crore) operating in Building Materials sector.
Kajaria Ceramics Ltd. key Products/Revenue Segments include Tiles, Other Operating Revenue and Power for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1016.31 Crore, down -8.34 % from last quarter Total Income of Rs 1108.78 Crore and up 79.03 % from last year same quarter Total Income of Rs 567.66 Crore. Company reported net profit after tax of Rs 92.96 Crore in latest quarter.
Investment Rationale
Series of higher tops & bottoms with rising volumes and sustaining above 20,50, 100 and 200 Day SMAs
Promoter/FII Holdings
Promoters held 47.5 per cent stake in the company as of 30-Jun-2022, while FIIs owned 19.58 per cent, DIIs 22.4 per cent.
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