Buy Crisil, target price Rs 2850: IIFL

IIFL has buy call on Crisil with a target price of Rs 2850. The current market price of Crisil is Rs 2745.85. Time period given by analyst is Intra Day when Crisil Ltd. price can reach defined target.

Crisil Ltd., incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 19976.26 Crore) operating in Financial Services sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 550.48 Crore, up 8.22 % from last quarter Total Income of Rs 508.65 Crore and up 13.74 % from last year same quarter Total Income of Rs 483.96 Crore. Company reported net profit after tax of Rs 100.80 Crore in latest quarter.


Investment Rationale
Stock has given a double bottom breakout on the daily chart.

Promoter/FII Holdings
Promoters held 67.40 per cent stake in the company as of the fourth quarter ending March 31, 2020, while FIIs held 5.72 per cent, DIIs 11.78 per cent and public & others 14.88 per cent.