Buy Asahi India Glass, target price Rs 511: HDFC Securities

HDFC Securities has buy call on Asahi India Glass with a target price of Rs 511. The current market price of Asahi India Glass Ltd. is Rs 423.7. Time period given by analyst is 6 months when Asahi India Glass Ltd. price can reach defined target. .

Asahi India Glass Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 10303.37 Crore) operating in Glass sector.

Asahi India Glass Ltd. key Products/Revenue Segments include Glass Materials, Other Operating Revenue, Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 832.72 Crore, up 4.06 % from last quarter Total Income of Rs 800.23 Crore and up 10.28 % from last year same quarter Total Income of Rs 755.07 Crore. Company reported net profit after tax of Rs 96.64 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.24 per cent stake in the company as of 31-Dec-2021, while FIIs owned 1.48 per cent, DIIs 1.53 per cent.