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Sell Kaveri Seed Company, target Rs 495: Shrikant Chouhan

ETMarkets.com|
Oct 06, 2017, 08.54 AM IST
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Shrikant Chouhan of Kotak Securities Limited has a sell call on Kaveri Seed Company with a target price of Rs 495.

The current market price of Kaveri Seed Company is Rs 518.55.

Time period given by the analyst is intraday when Kaveri Seed Company price can reach defined target.

Shrikant Chouhan recommended to keep a stop loss at Rs 528.

Kaveri Seed Company, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 3,580.85 Crore) operating in Agriculture/Horticulture/Lives sector.

Kaveri Seed Company key Products/Revenue Segments include Seeds which contributed Rs 669.89 Crore to Sales Value (100 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2016, the company has reported a Consolidated sales of Rs 43.82 Crore, down 52.32 per cent from last quarter Sales of Rs 91.90 Crore and up 9.71 per cent from last year same quarter Sales of Rs 39.95 Crore.

The company's top management includes Dr.G Pawan, Dr.S M Ilyas, Dr.S Raghuvardhan Reddy, Dr.Yeshwant Laxman Nene, Mr.C Mithun Chand, Mr.C Vamsheedhar, Mr.G V Bhaskar Rao, Mr.K Purushotham, Mr.M Srikanth Reddy, Mr.P Varaprasad Rao, Mrs.G Vanaja Devi.

Company has M Bhaskara Rao & Co. as its auditors.

As on 31-03-2017, the company has a total of 69,055,095 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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