Buy Anant Raj, target Rs 50: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Anant Raj Ltd. with a target price of Rs 50.0 . The current market price of Anant Raj Ltd. is Rs 46.25 Time period given by the analyst is Intra Day when Anant Raj Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 44.5. Anant Raj Ltd., incorporated in the year 1985, is a smallcap company with a market cap of Rs 1364.82 crore.

Anant Raj Ltd. key Products/Revenue Segments include Income From Real Estate Development which contributed Rs 402.99 Crore to Sales Value (93.86 % of Total Sales) and Rentals & Service Charges which contributed Rs 26.33 Crore to Sales Value (6.13 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 144.46 Crore, up 20.10 % from last quarter Sales of Rs 120.28 Crore and up 6.28 % from last year same quarter Sales of Rs 135.93 Crore Company has reported net profit after tax of Rs 27.83 Crore in latest quarter. The company’s top management includes Mr.Amar Sarin, Mr.Ambarish Chatterjee, Mr.Amit Sarin, Mr.Anil Sarin, Mr.Ashok Sarin, Mr.Brajindar Mohan Singh, Mr.Maneesh Gupta, Mrs.Chanda Sachdev, Ms.Sushmaa Chhabra. Company has Vinod Kumar Bindal & Co. as its auditoRs As on 30-06-2018, the company has a total of 295,096,335 shares outstanding.