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Motilal Oswal has given buy rating Kaveri Seed Company with a target price of Rs 706. The share price moved up by 2.02 per cent from its previous close of Rs 524.40. The stock’s last traded price is Rs 535.
Kaveri Seed Company Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 3244.50 Crore) operating in Agriculture/Horticulture/Livestock sector.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 719.48 Crore, up 1039.86 % from last quarter Sales of Rs 63.12 Crore and up 14.64 % from last year same quarter Sales of Rs 627.58 Crore. The Company reported net profit after tax of Rs 296.42 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 55.52 per cent stake in the company as of March 31, 2020 while FIIs held 21.01 per cent, DIIs 10.60 percent and public and others 12.73 per cent.
Kaveri Seed Company Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 3244.50 Crore) operating in Agriculture/Horticulture/Livestock sector.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 719.48 Crore, up 1039.86 % from last quarter Sales of Rs 63.12 Crore and up 14.64 % from last year same quarter Sales of Rs 627.58 Crore. The Company reported net profit after tax of Rs 296.42 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 55.52 per cent stake in the company as of March 31, 2020 while FIIs held 21.01 per cent, DIIs 10.60 percent and public and others 12.73 per cent.