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Buy SREI Infrastructure Finance, target Rs 117.50: Manas Jaiswal

ETMarkets.com|
Oct 11, 2017, 08.54 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on SREI Infrastructure Finance with a target price of Rs 117.50.

The current market price of SREI Infrastructure Finance is Rs 111.25.

Time period given by the analyst is intraday when SREI Infrastructure Finance price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 108.

SREI Infrastructure Finance, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 5,596.84 Crore) operating in Finance sector.

SREI Infrastructure Finance key Products/Revenue Segments include Other Services which contributed Rs 1,658.86 Crore to Sales Value (72.37 per cent of Total Sales), Income From Sale Of Share & Securities which contributed Rs 323.13 Crore to Sales Value (14.09 per cent of Total Sales), Fees & Other Charges which contributed Rs 219.44 Crore to Sales Value (9.57 per cent of Total Sales), Lease Rentals which contributed Rs 52.54 Crore to Sales Value (2.29 per cent of Total Sales) and Interest which contributed Rs 38 Crore to Sales Value (1.65 per cent of Total Sales)for the year ending 31-Mar-2017.

The company's top management includes Dr.Punita Kumar Sinha, Dr.Tamali SenGupta, Mr.Hemant Kanoria, Mr.Ram Krishna Agarwal, Mr.Salil K Gupta, Mr.Shyamalendu Chatterjee, Mr.Srinivasachari Rajagopal, Mr.Sunil Kanoria, Mr.T C A Ranganathan.

Company has Haribhakti & Co. LLP as its auditors.

As on 30-06-2017, the company has a total of 503,086,333 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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