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Motilal Oswal has buy call on Aditya Birla Fashion and Retail with a target price of Rs 220. The current market price of is Rs 167.85 .
Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 15770.16 Crore) operating in Retail sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2076.19 Crore, up 101.94 % from last quarter Sales of Rs 1028.13 Crore and down -19.61 % from last year same quarter Sales of Rs 2582.74 Crore. Company reported net profit after tax of Rs 58.44 Crore in latest quarter.
Investment Rationale
SUNTV trades at FY22E/FY23E P/E of 14x/14x. The brokerage rolls forward valuation to FY23E, valuing it at FY23E P/E of 16x, to arrive at Target Price of INR640.
Promoter/FII Holdings
Promoters held 59.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 6.8 per cent, DIIs 22.3 per cent and public and others 11.1 per cent.
Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 15770.16 Crore) operating in Retail sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2076.19 Crore, up 101.94 % from last quarter Sales of Rs 1028.13 Crore and down -19.61 % from last year same quarter Sales of Rs 2582.74 Crore. Company reported net profit after tax of Rs 58.44 Crore in latest quarter.
Investment Rationale
SUNTV trades at FY22E/FY23E P/E of 14x/14x. The brokerage rolls forward valuation to FY23E, valuing it at FY23E P/E of 16x, to arrive at Target Price of INR640.
Promoter/FII Holdings
Promoters held 59.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 6.8 per cent, DIIs 22.3 per cent and public and others 11.1 per cent.
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