Buy Dhani Services, target price Rs 230: IIFL

IIFL has buy call on Dhani Services Ltd. with a target price of Rs 230.0. The current market price of Dhani Services Ltd. is Rs 216.9 Time period given by analyst is Intra Day when Dhani Services Ltd. price can reach defined target.
Dhani Services Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 13249.72 Crore) operating in NBFC sector.

Dhani Services Ltd. key Products/Revenue Segments include Interest, Dividend and Income From Sale Of Share & Securities for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2021, the company has reported a Consolidated Total Income of Rs 307.70 Crore, up 29.88 % from last quarter Total Income of Rs 236.91 Crore and down -21.12 % from last year same quarter Total Income of Rs 390.11 Crore. Company has reported net profit after tax of Rs -192.42 Crore in latest quarter.

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

Promoter/FII Holdings
Promoters held 29.26 per cent stake in the company as of 30-Jun-2021, while FIIs owned 27.99 per cent, DIIs 0.72 per cent.