Buy Asian Granito India target Rs 480: Dr CK Narayan

Buy Asian Granito India at a price target of Rs 480 and a stoploss at Rs 454 from entry point.

Dr CK Narayan of Chart Advise has buy call on Asian Granito India with a target price of Rs 480.

The current market price of Asian Granito India is Rs 462.5.

Time period given by analyst is intraday when Asian Granito India price can reach defined target.

Dr CK Narayan recommended to keep stoploss at Rs 454.

Asian Granito India, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 1,381.31 crore) operating in Construction sector.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of Rs 341.92 crore, up 39.18 per cent from last quarter Sales of Rs 245.67 crore and up 10.34 per cent from last year same quarter Sales of Rs 309.87 crore.
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The company’s top management includes Dr.Indira Nityanandam, Dr.Satish Deodhar, Mr.Ajendrakumar Patel, Mr.Amrutbhai Patel, Mr.Bhaveshbhai Patel, Mr.Bhogibhai Patel, Mr.Hemendrakumar Shah, Mr.Kamleshbhai Patel, Mr.Kanubhai Patel, Mr.Mukeshbhai Patel, Mr.Premjibhai Chaudhari, Mr.Sureshbhai Patel.

Company has A L Thakkar & Co. as its auditors.

As on 30-06-2017, the company has a total of 30,087,446 shares outstanding.
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