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    Buy Aditya Birla Fashion and Retail, target price Rs 235: Chandan Taparia

    Synopsis

    Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 20774.45 Crore) operating in Retail sector.

    Agencies
    Promoters held 56.1 per cent stake in the company as of March 31, 2021, while FIIs held 14.5 per cent, DIIs 18.1 per cent and public and others 11.4 per cent.
    Chandan Taparia of Motilal Oswal has buy call on with a target price of Rs 235. The current market price of Aditya Birla Fashion and Retail Ltd. is Rs 221.3. Time period given by analyst is Intra Day when Aditya Birla Fashion and Retail Ltd. price can reach defined target.

    Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 20774.45 Crore) operating in Retail sector.

    Financials
    For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1839.24 Crore, down -13.78 % from last quarter Total Income of Rs 2133.14 Crore and down -.50 % from last year same quarter Total Income of Rs 1848.50 Crore. Company reported net profit after tax of Rs -195.52 Crore in latest quarter.

    Did you Know?

    Stock score of Aditya Birla Fashion and Retail Ltd moved up by 1 in a week on a 10-point scale.

    View Latest Stock Report »

    Investment Rationale
    Price volume breakout on the daily frame and bullish price action acts as a base for further up move.

    Promoter/FII Holdings
    Promoters held 56.1 per cent stake in the company as of March 31, 2021, while FIIs held 14.5 per cent, DIIs 18.1 per cent and public and others 11.4 per cent.
    (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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