Buy Dreamfolks Services, target price Rs 650: Motilal Oswal

Motilal Oswal has buy call on Dreamfolks Services with a target price of Rs 650. The current market price of Dreamfolks Services is Rs 507.25.

Dreamfolks Services Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2694.25 Crore) operating in Tourism & Hospitality sector.

Dreamfolks Services Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 305.74 Crore, up 8.03 % from last quarter Total Income of Rs 283.01 Crore and up 49.40 % from last year same quarter Total Income of Rs 204.65 Crore. Company reported net profit after tax of Rs 20.03 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 66.02 per cent stake in the company as of 31-Dec-2023, while FIIs owned 5.22 per cent, DIIs 9.23 per cent.