Kajaria Ceramics Stocks: Acquire of Kajaria Ceramics, Goal Worth Rs 1,355: ICICI Direct

ICICI Direct has a purchase name with a goal value of Rs 1355. The present marketplace value of Kajaria Ceramics is Rs 1250. The period of time given by means of the analyst is 3 months when the cost of Kajaria Ceramics Ltd. can reach a definite function.

., included in 1985, is a mid-cap corporate (with a marketplace capitalization of Rs 19,749.26 crore) working within the construction fabrics sector.

Key product/earnings segments of Kajaria Ceramics Ltd. come with tiles and different working source of revenue for the 12 months ended 31 March 2022.

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For the quarter ended June 30, 2022, the corporate reported a consolidated overall source of revenue of Rs 1,016.31 crore, down 8.34% from the former quarter of Rs 1,108.78 crore, and up 79.03% greater than closing 12 months. . The corporate reported an after-tax web benefit of Rs 92.96 crore in the newest quarter.

Rationale for funding
Brokerage properties be expecting shares to stay sure and head upper against Rs 1,355 within the coming months as that is value parity with the former main transfer upper (Rs 970-1,214) as forecast from closing week’s low of Rs 1,107.

Promoter / FII Holdings
As of June 30, 2022, the promoters owned 47.5% of the corporate’s stocks, FII – 19.58%, DII – 22.4%.

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