Buy Faze Three, target price Rs 466: HDFC Securities

HDFC Securities has buy call on Faze Three with a target price of Rs 466. The current market price of Faze Three Ltd. is Rs 385.6. Time period given by analyst is 9 months when Faze Three Ltd. price can reach defined target.

Faze Three Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 85.24 Crore) operating in Textiles sector.

Faze Three Ltd. key Products/Revenue Segments include Textiles and Export Incentives for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 148.14 Crore, down -5.48 % from last quarter Total Income of Rs 156.73 Crore and up 43.90 % from last year same quarter Total Income of Rs 102.95 Crore. Company reported net profit after tax of Rs 14.59 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.45 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.47 per cent.