Buy Kaveri Seed Company, target Rs 668: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Kaveri Seed Company Ltd. with a target price of Rs 668. The current market price of Kaveri Seed Company Ltd. is Rs 631.05 Time period given by the analyst is Intra Day when Kaveri Seed Company Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 618. Kaveri Seed Company Ltd., incorporated in 1986, is a midcap company with a market cap of Rs 4170.74 Crore) operating in Agriculture/Horticulture/Lives sector.

Kaveri Seed Company Ltd. key Products/Revenue Segments include Seeds which contributed Rs 669.89 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 581.89 Crore, up 1298.62 % from last quarter Sales of Rs 41.60 Crore and down -1.47 % from last year same quarter Sales of Rs 590.56 Crore Company has reported net profit after tax of Rs 210.58 Crore in latest quarter. The company’s top management includes Dr.G Pawan, Dr.S M Ilyas, Dr.S Raghuvardhan Reddy, Mr.C Mithun Chand, Mr.C Vamsheedhar, Mr.G V Bhaskar Rao, Mr.K Purushotham, Mr.P Varaprasad Rao, Mrs.G Vanaja Devi, Mrs.Musinipally Chaya Ratan. Company has M Bhaskara Rao & Co. as its auditoRs As on 30-06-2018, the company has a total of 66,092,133 shares outstanding.